利用者:MeridelBar1778

I know that today's web is full of all types of information. You just have to ask the right question and you'll definitely get the right answer as well. However, there are some kinds of information that try to intimidate or mislead people for personal gain. In my area of expertise, I sometimes find articles that try to convince people that short sales are the worst thing a person can go into. Others suggest that these types of sales are the ones that will save your life. The point is, very few people back their claims with strong evidence and studies. I devote this article especially to people who have found a difficulty finding a good short sale definition.

To understand what a short sale is, we need to go back and discuss what makes people go for it in the first place. As you know, most people get their homes through mortgages (you'd be lucky if you can afford it from your own cash). Because of the actual unstable economy, many people have lost their jobs as a consequence of the last economic crisis. Many of them also don't have a second income to rely on, and that's what leads them to not fulfilling their mortgage agreement with their lenders.

Because home values are dropping every day, you could literally end up with a home which is worth $200,000 while you paid $300,000 to purchase it in the first place. This situation means that you'll be paying more than what the actual market value is (in a nutshell, you'll be paying $300,000 for a home that is worth $200,000). Some people continue to pay their mortgages and keep the house even though they know that they are losing money. The reason according to them is that they got attached to it and they can't simply leave. If you have a good income that can support your mortgage payments easily, then there is no need to leave if you don't want to. However, if you are like everyone else, struggling to pay your mortgage each month, then you might consider the alternative solution that will save you from going into foreclosure.

A short sale happens when your lender accepts to sell the house for less than what your owe them. This means that if they borrowed you $250,000 to buy the house and you manage to sell it for let's say $200,000 by getting your lender approve it, then you'll be short selling it. If you ask why on earth a bank would forgive your remaining mortgage balance and accept losses, then I can tell you that they will benefit nothing from letting the house go into foreclosure. 任意売却 宮城