Short Sale Alternatives
By Pasadena Short Sale Agents Pasadena Short Sales
(Munson Realty Southern California Real Estate)
Short Sale Alternatives| What are your options? Before you consider a short sale, you must look at all of your options.I'ts important that you weigh each Short Sale Alternative against each other and an actual Short sale. Here are some options: Refinance | If you're current with your mortgage payments then this is a pretty good option. But typically speaking, distressed homeowner don’t have any equity in their home and their credit is shot so this not going to be an option for many. Do nothing or walk away | The Implication is clear here and the lenders only option will be to foreclose on your property. Lender Workout | Your lender may be willing to: 1.Add the missed payments to the existing loan balance. 2.Change the interest rate, including making an adjustable rate into a fixed rate...
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