Investing In Foreclosure Versus Short Sales. Due to job losses, upward rate adjustments and the downturn of the real estate market, many homeowners are unable to make their mortgage payments. This has resulted in a great deal of distressed sales, namely foreclosures and short sales.
While the home foreclosure process may seem incredibly daunting, especially if you’ve entered it, there’s not necessarily a reason to be scared. Your bank usually would rather keep you paying your loan and in your home instead of foreclosing on your property. Most times they will incur some sort of loss on a foreclosure, although […]