Short Sale FAQ's-Can I simply deed my property to someone else and avoid the hassle?Â Deeding your property to someone without paying off the mortgage loan does not forgive you of the debt, and the property is still encumbered by a lien. Always check with your attorney to verify all the options available to you
Avoid Foreclosure-What Are your Choices?Â Sometimes walking away may be your only option. This may be the case especially if you feel you've exercised every option, including a loan modification. But before you walk away, make sure you know whatÂ your optionsÂ are and how they will affect your credit. You may be able toÂ Avoid ForeclosureÂ and walk away with less of an impact on your credit than you think.
Copyright Â© 2010 By Stephen Munson,Munson Realty Southern California Real Estate â€“Homes For Sale Pasadena ca*Avoid Foreclosure-What Are your Choices?*