To do a loan mod or a short sale on your home; that is the question. But beware as there are many consequences for either if you do not understand how things work and make the wrong move, which could cost you tens of thousands of dollars and a lot of heartache. In this lengthy article, I will dissect each one and share with you the pros and cons of either doing a loan modification or a short sale.
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The San Jose Mercury News just came out with an article (click here to read it) stating the following; Bay Area Home Prices May Drop, Again....
Although I would not exactly write whatever Zillow says in stone (some of their stuff is all over the map including values), the firm has spoken and stated the obvious of what I have been saying for several months now, that we should expect another price drop in the Bay Area this year. I personally think it could extend further than that and maybe into the next 2-3 years. Consider the following:
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