Short sales and deed in lieu of foreclosure
In many cases a loan modification is just not workable for the homeowner. Short sales have become common place in the sale of real estate. Short sales can be good for the lender. The main benefit being the loan is paid off at a quantifiable discount and the lender and homeowner can move on. However sometimes a short sale is not in the best interest of the lender and a deed in lie of foreclosure is a better way to go. ARG structures theses transactions so that the lender knows what they are getting and has a full understanding of the market. A deed in lieu or a short sale is just more or an arsenal that a loan resolution specialist need to carry when approaching a home owner and attempting to minimize their trauma and maximize the lenders return. |