So- What is a short sale?? Now that we have foreclosures at an alarming rate, we must first find out what this animal is anyhow? A short sale is when the seller owes more money that the home is now worth. With many parts of the US seeing a dec Read more
Fellow Agents,It has come to our attention that there are a number of agents out there that feel uncomfortable with creative finance transactions and short sales in particular. Understanding the complexities as well as the time commitment in these scenari Read more
With the economy in the current stait that it is and Forclosures at an all-time high. We have been working with alot of clients to help them through the process of a short sale. Statistics say that a bank stands to lose on an average of $50,000.00 to fore Read more
A Sort Sale is when you owe more than your property is worth.When you add up all your mortgages and all that is tied into your property as liens- that total comes out to be an amount that exceeds what you can sell the property for on the openmarketYour li Read more
I want to spend a little time talking about short sales in this post. Most of the attention in real estate seems to be on REO’s and foreclosures. These account for approximately 12% of the homes currently listed for sale in the area that I Read more
Most homeowners have no one to provide them with assistance in rectifying their deliquency situations and they are not familiar with the rights or options available to stop the foreclosure process. Without some intervention from an outside source, f Read more
Wondering what on Earth a short sale really is? Whether you are a buyer or seller, a short sale may benefit you. Let me begin by explaining what a \"short sale\" is: it is just that, a \"sale\" of a home that is \"short\" of the amount d Read more
What is a short sale? Many people ask me that. It has nothing to do with time. Let\'s say you bought a house for $300,000. Your mortgage is $300,000. You cannot make your payments and the bank may take the house back. So you decide to sell it. Read more
What is a short sale? Many people ask me that. It has nothing to do with time. Let\'s say you bought a house for $300,000. Your mortgage is $300,000. You cannot make your payments and the bank may take the house back. So you decide to sell it. Read more
What is a short sale? Many people ask me that. It has nothing to do with time. Let\'s say you bought a house for $300,000. Your mortgage is $300,000. You cannot make your payments and the bank may take the house back. So you decide to sell it. Read more
What is a short sale? Many people ask me that. It has nothing to do with time. Let\'s say you bought a house for $300,000. Your mortgage is $300,000. You cannot make your payments and the bank may take the house back. So you decide to sell it. Read more
Many people think they can\'t do anything once the steps begin for foreclosure. There are option and they begin with a Short Sales. Who has had their bank send them a default letter once? What about twice? You need to call or email Read more
A Short Sale is when the bank agrees to discount a loan balance due to an economic or financial hardship on the part of the home owner. The home owner sells the property for less than the outstanding balance of the loan, and turns over the proceeds of the Read more
With price drops and fantastic interest rates it really is a great time to be buyer. But the road can be a little bumpy with Short Sales, Foreclosures and Bank Owned properties becoming the norm. So, is the home of your dreams a great de Read more
If your mortgage is higher than the current value of your home, you may be able to sell it as a "short sale". Every week, I partake in classes and seminars on the process and every week, I hear of something new. Months back, mortgage holders w Read more
The ARM's really aren't where the issue is, it is unemployment and general ... ! FL shortsales are becoming the way to go!http://www.short-sale-specialists.com ... Read more