http://www.foreclosure-support.com/wp/article-051387.html Foreclosure News, Articles, and Updated Homes Information Tue, 06 Jan 2009 03:09:59 +0000 http://wordpress.org/?v=abc http://www.foreclosure-support.com/wp/article-051387.html#comment-2237 Good News for Distressed Homeowners: Lenders Settling for Less Wed, 11 Jun 2008 10:21:22 +0000 http://www.foreclosure-support.com/wp/article-051387.html#comment-2237 [...] The good thing about a short sale is that the lender will be able to recover some of the loan money and they no longer have to worry about foreclosure expenses including holding costs. For distressed homeowners, there will be no need for you to suffer further from having a foreclosure record in your credit history. But there are instances where the bank will still require you to pay the difference. And there also some taxes that you will need to settle. Even so, this is certainly better than the alternative. [...] [...] The good thing about a short sale is that the lender will be able to recover some of the loan money and they no longer have to worry about foreclosure expenses including holding costs. For distressed homeowners, there will be no need for you to suffer further from having a foreclosure record in your credit history. But there are instances where the bank will still require you to pay the difference. And there also some taxes that you will need to settle. Even so, this is certainly better than the alternative. [...]

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