Is the Bank Going To Repossess Your House?

foreclose on nearly five million homes, but they are not doing so because they do not have the time or manpower.

Many homes are now owned by the banks, but the real estate market is still dragging, so the homes cannot be sold whether by the bank or the homeowner. Many homeowners who have had their incomes reduced would like to sell but cannot. It is particularly painful to sell for less than one owes, especially when you need to come up with the difference in cash. Many hopeful home sellers are trying to negotiate short sales with their already overwhelmed banks in lieu of being foreclosed upon. A short sale can be advantageous to both the home seller and the bank, but the homeowner