How to Handle Short-Sale Requests from Lenders, Delinquent Members

How to Handle Short-Sale Requests from Lenders, Delinquent Members



In these difficult financial times, more and more members are finding the need to sell their homes through the short-sell process as a result of declining home prices and the present state of the economy. For members who owe a lender more than what their properties are currently worth and can no longer make their mortgage payment due to a job loss, divorce, or resetting of an adjustable-rate mortgage, foreclosure seemed like the only alternative—until relatively recently.

Full Article Access:

Full access to articles from Community Association Management Insider is for subscribers only.

Not yet ready to subscribe?

Topics