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Some realtors may deflect the question or just not answer when you bring up a short sale. Are they hiding valuable information from you? Are they keeping something secret for their own profit, like a treasure-trove list of short-sale homes? Nope. Chances
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It seems appealing, that's for sure. Here's a home that is going for below market value; the owner wants to get rid of it, the lender wants someone, anyone to make payments, and you just happen to be in the market. Should you put in a bid? In
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In 2009, the federal government started the Home Affordable Foreclosure Alternatives program, better known as HAFA. HAFA is an offshoot of the Home Affordable Modification Program (HAMP), and both of these are designed to help stabilize the marketplace,
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For homeowners finding themselves upside down, two options might seem palatable: loan modifications and short selling. Which one is right for you? It depends on what your short-term and long-term goals are, as well as your current situation. When should
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How Do I Find a Short Sale Specialists In My Area? We say it all the time in this industry -- only do a short sale with a short-sale specialist. Otherwise, you'll probably dig up much more trouble than it's worth. Ok, now that we've got that
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In today's real estate world, just about anything is possible if the lender and homeowner agree upon it, but the lender is generally always in control. Thus, if you want to short sale even though you could still make the payments, you should consider
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Well taken care of newer 4 bedroom 2 1/2 bath nestled in a private area in San Jose. Family oriented where kids can play safely along with neighborhood watch program.
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Like many questions involving the current real estate market, this one has no clear answer. With an experienced agent, an agreeable lender, and the right market conditions, a short sale can be over and done with in as little as two weeks. In a worst-case
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Hollister CA – In this case I would recommend you sell the house. Now, if you are reading this blog, then you must be researching a short sale. Which means that you are probably upside down on the home. You have three options. Option #1: Let your
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You've researched it, discussed it with your family, and now you think that you want to go forward with a short sale. Here are some important questions to ask your realtor before you commit to this move: -Should I short sell? It's a simple question
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Will the bank come after me for the difference owed between the sale price and the balance of the loan if I Short Sale my home? Hollister CA –Who Is Responsible For The Difference Between Short Sale Price And Loan Balance? Did you get your bank
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That's a simple question but it doesn't necessarily come with a simple answer. There are ways to short sale your home if you don’t live in it but it’s much, much easier if it’s not an investment property. If you can prove hardship
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When short-selling your home, one of the key considerations is the tax implications. Taxes vary from state to state, though there are also general federal guidelines to go by. There are differences for people living in their short-sale home (primary residence)
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Short sale is an act of financial hardship. The lender must believe the financial hardship case and approve of the short sale before anything can actually happen. Because of that, it is very unlikely that you can do a short sale for a secondary or investment
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If you've made the decision to short sale your home and got all your paperwork ready to present to the bank, then you're ready to look for a real estate agent to help you out. Should you just go to your normal realtor? In most cases, it's
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