In This Episode Melissa and John Shea have an indepth conversation about short sales and Loan Modifications, and answer serveral questions pertaining to them including:
1. What is the difference between a loan modification and a short sale?
2. How does someone qualify for a loan modification?
3. What are some of the pros and cons of loan modifications?
4. What is a short sale?
5. Why does the term "Short Sale" leave a bad taste in peoples mouth?
6. What is the common process of a short sale?
7. What are some pros and cons of doing a short sale?
We also answer some questions emailed from our listeners. And more.
(This episode is taken from Melissa, and Johns radio show "Out of the Rat race" that airs on Li News Radio)