Another little known fact is that if
the loan had mortgage insurance on it or MI, the insurance company paid part of
the loan. Well then you say, didn’t the MI Company lose. Let me ask you – would
you rather pay part of a claim or the entire claim? Part of the claim right?
That’s the way the MI companies see it as well.
In a property executed West Sacramento Short Sale the homeowner wins by
walking away from the debt, has the ability to avoid paying income taxes on the
forgiven debt and has little or no out of pocket expenses. The bank, investor
and MI Company wins because West Sacramento Short Sales net them more than a West Sacramento Foreclosure.
The City, County and neighborhood
win because there is not another foreclosure on the block, the property sold
for fair market value or better and someone is occupying the property and
paying taxes. The economy wins because every time a house is sold jobs are
created or maintained. There are inspectors, title and escrow employees, real
estate agents and their employees, personnel at the county clerk’s office all
getting paid as a part of the transaction and paying income taxes on those
wages. With those people earning a living they are able to purchase goods and
services from clothes to food to automobiles putting others to work all because
of one West Sacramento Short Sale. The banks also hire
employees to manage the transaction from their end. Those employees also pay
taxes and purchase goods and services. The chain reaction is nearly limitless.
Who wins in a West Sacramento Short Sale? America – that’s who.
To get a better idea of when your West
Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info
for a free estimate or call me today for a free no obligation consultation or
for the latest West Sacramento short sale information. Call me
today and sleep better tonight; you’ll be glad you did
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