FORECLOSURE OR SHORT SALE? WHAT ARE MY OPTIONS? Our clients know what “foreclosure” means: bank takes your home and you leave. In short payoff (the correct term for “short sale”), a buyer is found for your home and your real estate pro negotiates with your lender (or lenders, plural!) until an agreement is reached to […]
Tag: Foreclosure
Many economists view short sales as a way to address a problem that mortgage relief hasn’t fixed: properties that are “under water,” carrying more debt than the home is worth. Even though it may not be the first and favorable option for most, short sale is the best way to get out of foreclosure. There […]
If you’re among the many looking to buy foreclosures at auction, don’t have any fear the decline in filings over the past several months will rob you of your chance at a fabulous buy. Home foreclosure filings declined steadily from August through November 2009, but were still significantly higher than they were a year ago, […]
Categories
Short Sale Introduction
Loan Modification -Short Sales-Foreclosures Welcome. Here you will learn how to successfully stop Foreclosure by Short Sale. You will get helpful hints to take the necessary steps to get on the road to recovery on your terms, not the banks. Short Sale 101
New Home Loan Modification Rules Coming * All servicers will be required to get financial documentation first. * Only 13 percent of trial modifications have become permanent. * Servicers that got accurate financial information had higher conversion rate. If you want to get a modification to prevent foreclosure, soon you will have to supply […]