Homeowners will now have incentives to agree to a short sale (the process of selling for less than is owed on a home) thanks to new federal rules instituted earlier this month. A foreclosure hurts an owner’s credit rating for … Continue reading
Posted in Economy, Federal Housing Administration, FHA, Foreclosures, Mortgage / Credit, Mortgage Approval Process, Mortgage rule changes, Mortgage rules, News, Real Estate News, Short sales | 1 Comment