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LegalCornerTM - Law By Subject - Foreclosure and Short Sale

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Foreclosure and Short Sale

If you are about to, or already in, default on your mortgage DONíT just sit back and let the bank foreclose on your home. You have options, such as entering into a forebearance agreement, loan modification, or short sale. A short sale is the sale of a property, with the authorization of the lender(s), for less than what is owed.

What is a Short Sale?
When should a short sale be considered?
Will a lender allow a short sale if the seller has a fair amount of equity?
What documents will I need for a short sale?
Is proving a Financial Hardship essential to getting the lender to agree to a short sale?
More FAQs...

How to stop the foreclosure process?
Tenant Rights in Foreclosure - Los Angeles California

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