Fannie Mae Gets Tough on Homeowners Who Walk Away The mortgage giant plans to go to court against those who can afford to make their payments but decide it’s not worth it. It also will limit their access to future loans. Taking aim at homeowners who are able to pay their mortgage but decide it’s […]
Tag: distressed properties
FORECLOSURE OR SHORT SALE? WHAT ARE MY OPTIONS? Our clients know what “foreclosure” means: bank takes your home and you leave. In short payoff (the correct term for “short sale”), a buyer is found for your home and your real estate pro negotiates with your lender (or lenders, plural!) until an agreement is reached to […]