Category Archives for "Short Sales"

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Owner’s Choices: Short Sale versus Loan Modification

Recent legislation encourages loan modification in an effort to decrease the number of foreclosures. If you are meeting with homeowners, see if one of their goals is to keep their home. The new rules on loan modification provide relief for people who have had financial difficulty, but remained current on their payments. There are also […]

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February 1, 2010

Homeowners Turn to Short Sales as an Alternative to Foreclosure

Although the Obama administration continues to search for a solution for homeowners facing foreclosure, the reality of the situation is only about 4 percent of these at-risk homeowners receive long-term mortgage help, according to a recent report by CNN.com. Nearly 2 million housing units in the United States are in foreclosure or are bank-owned, and […]

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