Forbearance, Short Sales, Foreclosure

Dated: 03/30/2020

Views: 291

The truth about Forbearance, Short Sales, and Foreclosure. With the current market and state of the world in flux, we want to make sure you understand what Forbearance, Short Sales, and Foreclosures really are. With the Federal Government placing a hold on Foreclosures it's important to understand your rights.

Forbearance - Diverting payments for a month or even up to 6 months. You still owe the bank the payments and you'll have a balloon payment at the end of your term. Short Sale - Paying the bank less than what's owed. This takes time and an owner must prove why they can't make the payments. Foreclosure - When the bank sells your property at auction due to non payment.

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Troy Sage

Troy earned his first Real Estate Salesperson License in 1988 while living in his home state of Michigan. Being young and ambitious, his career began with Century 21 in Westland, Michigan, where he fo....

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Forbearance, Short Sales, Foreclosure

The truth about Forbearance, Short Sales, and Foreclosure. With the current market and state of the world in flux, we want to make sure you understand what Forbearance, Short Sales, and Foreclosures

Read More