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Post Info TOPIC: Understanding Lending Policies on Foreclosures and Short Sales


Learning to Fly

Status: Offline
Posts: 29
Date: Jul 20 23:20:51 2010
Understanding Lending Policies on Foreclosures and Short Sales


Clearing up Lending Policies on Foreclosures and Short Sales

A lot of homeowners are reporting that lenders are unwilling to allow short sales, even in some cases when the borrower is behind as much as ten months on payments. In fact, if there is apparently any chance of the borrower catching up, lenders seem to prefer the foreclosure route to cutting a strapped owner some slack.

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