Author Archives: admin

Short Sale or Foreclosure – Which One is Better for Borrower?

Posted on July 7, 2010 by admin

The recent recession or financial downturn of the global economy has affected everyone. As a result, in the last few years, there has been a tremendous increase in the number of homeowners who have received default notices for not paying … Continue reading →

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Reasons for the Need of Foreclosure Prevention

Posted on July 6, 2010 by admin

It’s not exactly complicated to understand why foreclosure prevention is important. No one wants to go through that process and with so many options available as an alternative, there is plenty you can do before it comes to foreclosure. While … Continue reading →

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What Happens in a Short Sale Negotiation

Posted on July 6, 2010 by admin

Like any other financial deal, a short sale also should be done very carefully. Moreover, it will need a high level of patience from all parties involved in the process. In a short sale deal, one of the biggest challenges … Continue reading →

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The Foreclosure Process

Posted on July 6, 2010 by admin

A foreclosure occurs when a property owner cannot make a payment on the principal amount and interest associated with his or her loan. After so many months of non-payments, the property is seized and taken over by the lender.  The … Continue reading →

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