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"Foreclosure News"
Foreclosure Vs. Short Sale—Homeowner Consequences
The following chart explains the pros and cons of a short sale versus a foreclosure. We attempt to answer the most common questions homeowners ask when weighing the options of a foreclosure versus a short sale. Some real estate pros would say that foreclosure is never [...]
Continue Reading →I don’t qualify for loan modification, now what? On November 5, Fannie Mae announced its new Deed-for-Lease Program (D4L) that allows eligible borrowers facing foreclosure (or their tenants) to stay in their primary residences.
Under D4L, the borrower transfers ownership of the property to the lender through a deed-in-lieu of foreclosure and the borrower (or [...]
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