September 14, 2008
A pair of homes in Red Hawk Village at Stagecoach have been listed for "short sale." The process involves the mortgage lender agreeing to allow a sale to take place and settling for less than the value of the loan.
Stories this photo appears in:
Short sales offer one strategy for owners under duress
The filing of foreclosure notices in Routt County is on pace to exceed the seven-year average by 44 percent, but some Routt County property owners are working with their lenders to extricate themselves from mortgages that have become untenable well before there is a need to entertain foreclosure.