Thursday, June 3, 2010

Your Graceful Exit

This is a message from the government talking about the advantages of short sale and deed in lieu of foreclosure.
Of course my preference is still a Short Sale as you are more in control of your time-line and there are more incentives to do so.
Note, that a deed in lieu is only possible when there is no second mortgage or other liens attached.
Hopefully this movie will talk some sense into homeowners who are trying to hang on when they shouldn't.