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
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.
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