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Maryland Notice Default Form

Maryland Notice Default Form

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hey there it's Brian Gormley again I'm with Cornerstone properties and capitalshortsale.com a question that we get a lot is and and I think this is really a source of a lot of confusion uh do banks uh when thinking about what options are going to take for a defaulted loan uh really prefer foreclosure over other things like loan modifications and short sales and Tito loon a foreclosure and obviously it's going to be dependent on a case-by-case analysis so the lender is going to look at what their options are and what's best for them I.E how do they lose the least amount of money but at the end of the day I don't think it's the case that lenders prefer foreclosure notwithstanding all the you know huge huge numbers of foreclosures in the last few years I think that's really a product of you know obviously the unemployment rate as well as these uh you know option arms and uh you know payment uh arms where you select a payment uh and a

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