Foreclosure Strategies
May 10 2018
The best way to deal with a foreclosure is to take aggressive legal action when the foreclosure laws... [Read More...]
May 13, 2013 By
Getting Short Sales Approved
A homeowner must apply to the bank and show the bank either there is an existing financial hardship or that the home cannot be sold for the amount that is due and owing to the bank to convince a bank to agree to a short sale. It should be noted banks prefer short sales instead of going through the long and detailed foreclosure process.
Under the National Mortgages Settlement Agreement between the government and the five largest mortgage lenders in the United States Banks, receive a credit when they approve the settlement of a short sale. The banks have received more than $19 billion in credit from the government from short sales in recent years.