If you’re a homeowner, a strategic Short Sale is the option in which you’re able to continue making your mortgage payments, but you’re upside-down with your home loan. Usually, in a Short Sale, you are behind on your mortgage payments, but in the case of a strategic Short Sale, it’s possible for you to begin [...] Read more »
Should First-Time LA County Homebuyers Focus Only On Home Buying Incentives?
If you’re a first time home buyer in Los Angeles County, you’ve doubtless been looking for a bargain property in your local area. In many states, you have a wide selection of resources, including lender auctions, bank-owned inventory and Short Sales. But according to data compiled by Inside Mortgage Finance – a company that polls [...] Read more »
Foreclosure Alternatives: Short Sales and Deeds in Lieu
If you've been denied a loan modification and can't afford to pay your mortgage, you still have a couple of options. To avoid foreclosure, consider a Short Sale or a Deed in Lieu of foreclosure. These options allow you to sell or walk away from your home without incurring liability for the loan deficiency. Read more »
