Sentences with phrase «alternative than foreclosure»
«The shift toward earlier disposition of distressed properties continued in the third quarter as both lenders and at - risk homeowners are realizing that short sales are often a better alternative than foreclosure,» says Daren Blomquist, vice president of RealtyTrac.
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Completing a short sale remains a much better alternative than letting a property go to foreclosure for a number of reasons centered around credit and your ability to buy another property in the future.
Despite the emphasis on short sales as an alternative to foreclosure (short sales are better than foreclosures in almost all circumstances), I do expect that we will see a broad increase in foreclosures later this year.
Short selling your home is a much better alternative for all parties involved than a foreclosure.
The FHA loan guidelines are more relaxed than conventional loan guidelines — and this includes less strict regulations about past bankruptcies and / or foreclosures, job requirements, use of alternative credit, and debt - to - income ratios.
If there's no alternative to a short sale, Bueno explains to clients that this option is far better for their future financial well - being than a foreclosure.
Completing a short sale remains a much better alternative than letting a property go to foreclosure for a number of reasons centered around credit and your ability to buy another property in the future.
DeMarco noted that FHFA has completed more than 1 million loan modifications since 2008 and helped millions more families avoid foreclosure through a short sale, deed - in - lieu or other alternative.