Cooperative Short Sale: A New Solution for Homeowners in Distress

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Property owners in the US have not seen many meaningful solutions to their mortgage problems these past three years. Recently, however, a few investment companies have discovered a way to work within the system in a manner that benefits all concerned parties.

The cooperative short sale will not solve all problems, but it is a welcome new option for homeowners with upside-down properties and, therefore, an important step towards resolving the nation's foreclosure crisis.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Jeffrey Harrington, Harrington Law Associates, PLLC | Attorney Advertising

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