Nobody enters into a mortgage assuming they are going to fall short on their payments; however, life happens and borrowers might need a way out. In serious situations, lenders may elect to foreclose on homeowners who are unable to make their mortgage payments. Fortunately, there might be another way out. ...
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A short sale is when the mortgage lender(s) agrees to sell the property for a lower amount than the loan-balance remaining.
...If you’re looking to get an untraditional deal on a new home purchase, you may encounter either a short sale or a foreclosure. These two terms refer to sales that are not usual. As a homebuyer, it’s important to understand the differences between them and how each one might affect ...
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QUALIFY FIRST, 17940 E Stottler Dr. Gilbert, AZ 85296, (480) 844-0777, NMLS # 151175, Arizona Mortgage Broker License: MB-0909883. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. For additional information about QUALIFY FIRST visit the NMLS Consumer Access page at www.nmlsconsumeraccess.org.
