Short sales and foreclosures are two financial hardship solutions available to homeowners facing financial hardship. A short sale allows selling for less than the mortgage to avoid foreclosure.
If you fail to make mortgage payments for an extended period, your lender may take control of the property and sell it. For much of this process, known as foreclosure, you'll still have the chance to ...
There are new signs that the economy has homeowners struggling. Foreclosures have increased for the eighth month in a row nationwide to 36,766 filings, according to ATTOM. The property data curator ...
Should you opt for a short sale or a foreclosure? As a homeowner faced with a difficult situation, there are pros and cons to each. Generally, a short sale will work more in your favor. As a homebuyer ...
A foreclosure occurs when a lender takes control over a property from a borrower who has failed to make timely payments. A foreclosure can damage your credit score and result in the loss of your home.
As a non-judicial foreclosure state, it is often thought of as being “easy” to foreclose in Georgia. However, the foreclosure process requires more than running an advertisement for four weeks and ...