Posts tagged: OneWest Bank

Loan Modification vs. Short Sales and Foreclosures: Which is best for Underwater Homeowners of Orange County Real Estate?

When facing a troubled mortgage, homeowners look at Loan Modifications, Short Sales of Real Estate or Foreclosure as just some of their options. Video claims have recently been made that some banks may have little incentive to work on Loan Modifications, and more incentive and financial gain to be made with short sales and foreclosures. Which option could you use best if you are in an “underwater” home?