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Avoiding Foreclosure

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This entry was posted on 4/11/2008 2:22 PM and is filed under Mortgage,Selling Your Home.

  A Way to Avoid Foreclosure

A short sale is a last resort to avoiding foreclosure. It is a legally binding agreement to allow a home to be sold for less than the amount that is owed to the bank. Lenders are eager to negotiate with borrowers who are having trouble paying their mortgages for legitimate reasons.  But, this is not a simple process. You need to start talks before you are in default and you need to engage a real estate broker and an attorney who does shorts sales to assist you in the negotiating process.

For more information or assistance in a short sale, call me at 203-324-9600 or to view all homes for sale in CT, go to http://www.homesoffairfieldcounty.com !

Victoria

 

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