Foreclosures & Foreclosed Homes For Sale
While most of the Americans are aware of the term ‘Foreclosure’ there seems to be much confusion over what it really means. The mortgage company will want to give their clients some extra time to pay the loan back if the lines of communication are open. If you are only a few months behind on your mortgage payments, you have more options than someone who has received an auction notice from the Sheriff’s Department.
The Realtor can contact the bank to request a short sale. Use PropertyRadar to find absentee owners, cash buyers, free and clear homeowners, and even your competition. This is a little more drastic, but is probably the best solution if meeting the repayments is likely to be an ongoing problem.
This step includes removing negative information from their credit reports, as well as establishing a positive, on-time payment history again, regardless of past history. Also known …