What is a Short Sale? “Short Sale.” We have all heard that dreaded phrase before but not all of us understand it. This article breaks the term down so that you know exactly what it means and what your options are. Simply put, when someone is in a “short sale” situation, they owe more on […]
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What is a Foreclosure and How Do I Avoid It?
What is a Foreclosure? The word “foreclosure” is one of the most alarming terms a homeowner can hear. Simply put, someone in foreclosure usually cannot afford his or her home anymore. When a homeowner is unable to make full principal and interest payments on the mortgage, the lender is allowed to seize the property, evict […]