Facing the very real prospect of having to choose between squeaking by another month of mortgage payments or paying other monthly bills and buying necessities like groceries has unfortunately become a regrettable realty for millions of Americans.Whether you’re struggling to make your monthly payment due to the loss of a job, an interest rate re-adjustment, ugly divorce, sickness or injury, the question millions are forced to ask, “Should I try for a short sale or go ahead with a foreclosure?” Only use a foreclosure as a last resort The buzzword “foreclosure” is everywhere these days; we all are talking about it.
Facing the very real prospect of having to choose between squeaking by another month of mortgage payments or paying other monthly bills and buying necessities like groceries has unfortunately become a regrettable realty for millions of Americans.Whether you’re struggling to make your monthly payment due to the loss of a job, an interest rate re-adjustment, ugly divorce, sickness or injury, the question millions are forced to ask, “Should I try for a short sale or go ahead with a foreclosure?” Only use a foreclosure as a last resort The buzzword “foreclosure” is everywhere these days; we all are talking about it.