August 18, 2017

The Perils of a Short Sale, Cash for Keys and Deeds in Lieu

Considering a short sale, deed in lieu or cash-for-keys offer for your underwater home? This week The Charlotte Observer reported that 46.6% of Charlotte homes have "negative equity." Some call this an "underwater mortgage" but no matter your term of choice, it means that homeowners owe more to their mortgage companies than the homes are worth. That same article went on to describe the … [Read more...]