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Posted by: sell-my-mortgage-note-guru 1 year, 1 month ago
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sell-my-mortgage-note-guru1 year, 1 month ago
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A lot of people don't know what a short sale is. Thanks for the info. From what I hear (and see locally), many foreclosed homes are going for well below what they were mortgaged for originally. This is particularly true for those 100% sub-prime loans. I wouldn't be surprised that many short sale offers wouldn't be well above what a bank can eventually sell the home for, not to mention the added costs of foreclosing. We all have to strike a happy medium to stop this spiraling real estate market.
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