What is a Short Sale? Do I Need One?

debtrelief

To Short Sale or Not to Short Sale, That is the Question. If a homeowner finds themselves stuck with a home mortgage that has a balance that exceeds the fair market value of the home, also known as being underwater, and the homeowner is struggling to keep up with the payments, a short sale may be the best option for the homeowner.  A short sale is a viable option to any homeowner that is currently underwater, even those that are in … [Read more...]

Why was My Application for Loan Modification Denied?

Mortgagehelp

Why was my application for Loan Modification denied?  This is a very common question and situation for many homeowners that apply for modifications themselves through their lender.  There are a plethora of reasons that an application for Loan Modification may have been denied.  Reasons can vary from improper paperwork or lack of documentation to a lethargic banking system that is set up to make it difficult for homeowners to be approved for … [Read more...]