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Short Sellers Beware ...heads up

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User ID: 362108
United States
07/11/2009 01:38 PM
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Short Sellers Beware ...heads up
Short Sellers Beware

The rising tide of “short sales” by troubled home owners facing foreclosure is prompting lenders to become more aggressive in their attempts to pursue former homeowners for their loan losses in a short sale. In a short sale, a house is sold, with a lender’s approval, for an amount that won’t pay off the mortgages on the property.

[link to www.calculatedriskblog.com]

hey all I just saw this....heads up..

look for it if you do a short sale on your home