Please visit http://www.Short-Sale-Vs-Foreclosure-Help.com and http://www.DistressedHomeOptions.com.
My woodland hills real estate website is http://www.athomewithsara.com.
So $500,000 PROPERTY offered at half the outstanding balance for the obligation. The lender forecloses and NO $250,000 in the hole. ( Disagree? Dont, please! I kind of use to own one of these shops you see - been there and done it)
Lender does a short sale like they should and $250,000 bananas out of pocket ....ummm I dont think so ......PLEASE!
Do we see short sales? Sure a $30,000 or $60,000 hit here and there - but $250,000 SAY WHAT!!!!!!!!!!!!!!!!!!!!!
Spread the wealth Bubba!
I am a great agent that specializes in short sales and foreclosures, as a matter of fact I was published in the Press-Telegram, Learning to Follow the Steps of Foreclosure. If you e-mail me, I will send you the article and let you decide who is best for you. My e-mail address is email@example.com