Quite a bit of of you that live in either a house or condo regardless of whether or not you own it or not, you have had reminders left on your building, that there are a whole lot of people eager to accommodate to do a short sale and that it is much better for someone to do than it is a foreclosure, (I have left a few myself on a few doors). [...]
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what you need to know is your loan recourse or non recourse, and what does that mean? Just keep in mind the following is intended for general information only please seek legal counsel for your own specific situation. Most of this information will be how California treats mortgage loans if outside California you may want to see how your state treats mortgage home loans. [...] If you read my last blog then you read about the benefits of doing a short sale if you did not you might want to visit that blog since there are some benefits as to why you would want to do a short sale vs. letting your home foreclose if you do not qualify for a foreclosure. The majority of Santa Maria homes for sale and most likely in Calif. are either a short sale or a foreclosure and many homeowners may be contemplating what course of action to do whether to just walk away or work on doing a short sale. [...] |
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