Frequently Asked Questions

• How do creditors get paid when foreclosing on a house to satisfy unpaid debts?
  A foreclosure is where the creditor collects its lien by forcing a sale of the debtor's real property. The creditor receives the amount of the proceeds from the sale equal to the unpaid debt plus … more
• Why Would a Lender Agree to a Short Sale?
  Banks and other lenders generally agree to short sales in order to avoid having to foreclose on a property and take it into their inventory. Most lenders would rather cut their losses and avoid a … more
• Will My Lender Accept the Short Sale as Payment in Full for My Loan?
  Maybe. Your lender is not required to accept the short sale payment to satisfy your loan amount. The company may decide that you and your property do not qualify for a short sale and deny your … more