As a home owner, you might be faced with this question, what is the “right” thing to do if I am missing mortgage payments? In order to answer that, you need to educate yourself on exactly what is a short sale? What can I do to fix my situation? Do I walk away and let my house foreclose or do I ask for help? What happens to my credit if I do a short sale? Continue reading and find the answers to all of your questions as more. Just know, you are not alone.
What is a Short Sale?
A short sale is when you, as a homeowner, makes an agreement with your mortgage lender of your property, for an amount that is less than what you owe. They will agree to terms equal to market value. It is a shortage to what is owed.
Why would a mortgage…
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