My New Blog

 Thursday, May 03, 2007

Are you behind in your mortgage payments? Did you know that a large majority of homeowners facing foreclosure have alternatives? One of them is to do a so called "short sale."

A short sale is actually a regular sale of your property with the exception that your lender or lien holders will take less than what you actually owe on your property. It's a sort of discounted payoff if you will.

It can be a win-win situation for both borrower and lender.