Business
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. Visit www.SageAndAssociates.net for updated information. Keep up to date with all Real Estate News. Help spread the news by sharing this podcast and by visiting www.SageAndAssociates.net