Thursday, September 3, 2009

Pets & Short Sales

Adopt your next furry friend!

One in four animals in shelters are purebred. So, for those who say they want to purchase a pet because they want a specific breed are not informed or do not care that they can adopt and save a life.

Sometimes I hear people say they don't want to adopt because they feel animals in shelters come with too many behavior problems. No so. Many, many of the animals are simply victims of circumstances as many humans are right now. Possibly their owners got foreclosed upon or had to move. There are so many reasons why animals end up in a shelter. Very often the shelter staff can tell you the pet's history.


Just think, you can have the type of dog you want and keep an animal from being euthanized. Please consider adoption when you add your furry friend to your family. Believe me the rewards will come to you ten fold. http://action.humanesociety.org/site/MessageViewer?em_id=3621.0&dlv_id=7181


Short Sale Information:

Did you know that when you do a short sale, in some cases, the lender still has recourse to recover from you the funds they seemed to have forgiven?

There are recourse and non recourse loans. There is probably different terminology for these words. A recourse loan means that the lender can up to six years collect on the promissory note you signed. When you took out your loan you not only signed a deed of trust but you also signed a promissory note. The deed of trust is released but the promissory note can stand as a liability. It would be wise for you to find out what type of loan you have so that you know what you are up against.

For your short sale questions, please give me a call. (702-256-1859).

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