Category Archives: Short sales

Owners get help in choosing short sale over foreclosure

Posted on April 23, 2010 by Greg Frost Jr.

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 →

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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

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