deficiency jugment: What Will You Owe If You Use a Short Sale to Avoid Foreclosure In the Twin Cities? - 02/24/10 10:17 PM
What will you owe if you use a short sale to avoid foreclosure in the Twin Cities?
Being delinquent on your home mortgage is usually a disturbing experience. You should be considering your options and the best one for many homeowners to avoid foreclosure in the Twin Cities is a short sale.
With a short sale, a purchase price lower than the amount of your mortgage is negotiated by your Realtor. If, for example you owe $100,000, using a short sale will allow you to sell your property for less than you owe, for example, about $80,000.
This gives your property … (0 comments)