Owners turn to short sales for houses

Owners turn to short sales for houses

There are 1 comment on the Lansing State Journal story from Mar 9, 2008, titled Owners turn to short sales for houses. In it, Lansing State Journal reports that:

“The values of a lot of these houses were inflated as a result of the real estate boom. Now we're in a bust. The values aren't there. It's all starting to catch up with everyone”

HACKENSACK, N.J. - What do you do if you can't afford your mortgage payments of more than $3,700 a month, but can't sell your house for anywhere near the amount you owe on the mortgage? That's the dilemma ... via Lansing State Journal

Join the discussion below, or Read more at Lansing State Journal.

Nancy Ervin

Smyrna, TN

#1 Mar 9, 2008
We all know what the dilemma is. What is the answer?

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