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?Short? Sales Could Actually Become Short in 2010This forum post has messages dated from 11/27/10 through 04/03/11, please be sure to read all the messages. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it. - Short Sales
| ?Short? Sales Could Actually Become Short in 2010 Short sale. Now, it?s become a buzzword. Ideally, a homeowner who cannot sell their home for what the loan balance equals ...sales price less than what is owed on the property. This helps the homeowner because a short sale affects credit much ...short sales and hearing the horror stories of my colleagues, I think it?s going to take a total restructuring of banks? ...Short Sales and the changes coming into effect in April 2010, click the link below: http://www.nytimes.com/2009/12/13/realestate/13mort.html?scp=2&sq=short%20sales&st=cse Posted in Uncategorized ... |
| This is a complicated set-up and the home owner would mostly like be on the losing end. If you are really having a hard time paying your mortgage, I agree that it's better to request the bank to modify or restructure your loan. This is not easy to do, however, because banks will not immediately grant your request. They will give you a hard time first and it could take some time before they grant it. |
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