A property in default is sometimes sold at auction for less than the balance due to the lender. A Deficiency Judgment is a money judgment against the debtor for the remaining balance due.
In order to understand the process mortgage holders use to determine if they accept or reject short sale requests, one must try and see their point of view.
Lenders are willing to provide pre-approval of a specified amount after reviewing income and credit. Learn about the benefits of mortgage pre-approval.
Wondering what the closing costs are when buying a home in NY? Learn about closing costs that come with the purchase, sale, & financing of NY real estate.
While New York law does not require the use of a real estate attorney, common sense does. Learn how a real estate attorney can benefit you.
Learn what lenders will consider when determining the amount of loan you can qualify for, including credit score, house payment, and total debt.