Are you upside Down in your mortage??
By MeLisa Minter, Realtor, Bay Area Houston Real Estate Agent
(Minter Real Estate Services)
Are You Upside Down with your mortgage? A SHORT SALE could be your solution. If you live in certain new communities in Forney, Texas, such as Travis Ranch, The Villages of Fox Hollow or the Trails of Chestnut Meadows, just to name a few, you are probably aware that there have been several foreclosures in your community lately. Needless to say, these foreclosures have affected the Value of your Investment...Big Time!!If the Market Value of your property is considerably less than what you paid for it, say three to four years ago, then you are what we call in the Real Estate Industry, "UPSIDE DOWN" in your mortgage. Meaning you owe more for the home than it is worth. You are not alone, so don't feel discouraged. But if you are getting to where you can't make the payments on you...
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