Short Sale Deficiency from a Home Sale
Short Sale Deficiency from Home Sale Short sales were common from 2008 to 2012 when housing prices crashed, and many people owed more on their mortgage loan than their house was worth. People could no longer afford their payments and were facing foreclosure. As an alternative to foreclosure, people would short sell their homes to try to mitigate their losses by working with the lender. Today’s post will discuss what a […]