Robin Gronsky's Blog – July 2011 Archive (1)

A short sale is one of the ways that a homeowner can avoid having the lender foreclose on his home when the amount that he can sell his house for is not enough to pay off the mortgage.  In the typical scenario, the homeowner has lost his job or his income has decreased to the point where he can’t afford to make his monthly mortgage payments.  The homeowner is asking the lender to allow him to sell his home for whatever he can get and the entire proceeds of the sale (less the real estate…