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What is a Short Sale?
Since the real estate market turned for the worst, a lot of Borrowers have found themselves in a position where they owe more than their home is worth. As long as you don't need to sell your home and as long as you can afford the payments, your best bet it to sit tight and do nothing. Eventually ...
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Does Your Home Qualify For a Short Sale?
Contrary to popular belief, not every homeowner can qualify for a short sale. While a short sale can help if you are unable to make regular monthly payments on your mortgage, you must present your lender with a valid reason why you can no longer make these payments. Lenders have their own ...
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When to Decide on a Short Sale to Avoid Foreclosure
When you are facing foreclosure and you have tried everything to save your home, but you still can not find a solution, you may want to consider selling your home. It is unfortunate, but sometimes you have to step back and think about what is best for you and your family. Losing your home may be ...
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Short Sale 101
This occurs when the net proceeds from the sale of a home are not enough to cover the sellers' mortgage obligations and closing costs, such as property taxes, transfer taxes, and the real estate practitioner's commission. The seller is unwilling or unable to cover the difference. Some ? although by ...
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Stop Foreclosure Fast - Tips - Real Estate Help
As the foreclosure rate for the nation remains steady, Idaho foreclosure rate is slightly decreasing. In Idaho there were 569 foreclosures in April, 542 in May, and 501 in June of 2007. Even with the slight decrease in the foreclosure rate in Idaho, the number of foreclosures in the nation remains ...
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Guiding a Pre-Foreclosure Owner Through a Short Sale
For property owners who are unable to make their mortgage payments on time, foreclosure or filing for bankruptcy may seem inevitable. But the truth is that there are alternatives. One such alternative is called the "short sale". As a property investor looking to buy a property during the ...
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Short Sale - How Can it Help?
If you are struggling to find a buyer for your home who will pay you enough to cover your mortgage payoff, you are not alone and there may be a solution for you. A short sale can be very useful in these types of situations and they are becoming increasingly common as the real estate market has been ...
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Short Sales Can Be Magical
Many investors have heard of a short sale in reference to stocks but few people know anything about real estate short sales. If you are a homeowner who is facing foreclosure or a real estate investor looking to add a new tool to the old toolbox, you need to learn more about real estate short sales. ...
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California Home Equity Sales Contract Act - A Mine Field for the Unprepared!
When I first got started in the real estate investing business in 2006, the avalanche of foreclosures was just beginning. Before attempting my first short sale here in Southern California, I discovered I needed to comply with Civil Code Section 1695 by using a very particular type of purchase and ...
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How To Make Short Sale Work For You
The idea of a short sale may not be that short after all. A short sale is termed as such, because the mortgage company or the lender is willing to sell the home "short" of the total loan amount owed on the home. This process is not accepted or allowed by every lender, but for the home owners who ...
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