I am a real estate investor, specializing in short sales and other distressed properties. I work with homeowners in S NH and MA. For a short sale situation, when a homeowner is falling behind in their mortgage payments, many times the banks will accept a lower payoff offer for the sale of the property instead of going to the time and expense of a foreclosure.
The process can create a Win-win for everyone involved. The bank, the homeowner, the end-...