The story for this month, in finance, is one foretold. Nay, it is a continuation of a story that has been unfolding for several months now. It is a classic good vs. evil battle, and the characters are “all-time low interest rates” and the “inability to access funds”.
Many homeowners are finding themselves in dire straights. More specifically they are finding themselves having to choose between foreclosure or short sale. So which is the right choice for distressed homeowners in today’s market?
Not only are mortgage industry giants Freddie Mac and Fannie Mae household names, they own most of the households in the country. So why are they the least likely to help homeowners in need of a short sale?
