Hello Everyone.
I apologize for the lack of posting this week but I've had a really busy week at work. I've also been searching for an additional investment property since I was outbid on the last property.
I'm actually getting ready to go look at 2 more properties today. One is a short sale and the other is a foreclosure.
Would you mind explaining what is a short sale? Thanks
ReplyDelete@Mr.S - A short sale is when a lender agrees to accept less than what is owed on the loan and sometimes forgives the balance. This avoids the property going into foreclosure and does not cause as much dmg to the borrowers credit.
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