USA – A bank should approve a short sale when it makes the best financial sense to do so. Here is a little known fact. About 80% of all loans are not owned by the bank handling them. That means that someone else is going to lose money if your bank rejects the short sale…. Continue Reading
USA – Unfortunately, lenders do not always agree to loan modifications. That’s why when you decide to explore this option you need to get all the information you can on the subject. Lenders call the loan modification process “Loss Mitigation.” Loss mitigation is the act of lessening the lender’s losses whether they approve a loan… Continue Reading
Is a short sale right for you? Today will be a little shorter than yesterday, and I’m not going over so many options. I’m just going to cover pluses and minuses of doing a short sale.