THIS VIDEO IS A STRAIGHT-TALK DESCRIPTION OF THE COMPLEXITIES OF THE SHORT SALE PROCESS as brought to you by NYC's leading attorney for lenders and real estate transactions.
For homeowners victimized by the MORTGAGE CRUNCH and who have run out of options, FORECLOSURE is the common recourse that many would consider. Due to the emotional drain from the losing financial battle with skyrocketting mortgage payments, the consideration of abandoning the home (a direct assault to their relationship with the lender) is more of an act of irrational desperation to get out from under. This decision is one that carries a tremendous set of new financial scars for the borrower more damaging than filing personal bankruptcy.
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