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Short Sale - Why Would a Lender Agree to It?
Often times when talking with a Seller they ask, "Why would a lender agree to a short sale?" The short answer is, "It's in the lender's best interest." Whenever a borrower stops paying on a mortgage that loan becomes what the lender calls a "non-performing asset." It's a liability. It is money on ...
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Short Sale: What Documentation Must The Homeowner Submit to the Lender?
Short sales, short sales, short sales. They are everywhere. Many Bradenton - Sarasota, Florida homeowners are facing the risk of foreclosure in our declining market. For some, a short sale may be the solution. This is the 9th in a series of articles to help Bradenton, Florida homeowners understand ...
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Step By Step Approach To Finding Foreclosures
Here are two examples of Foreclosure listings: Central Ohio Foreclosure Source - Daily Reporter Newspaper. This site is where I get the most recent foreclosure listings, check your newspaper or call the city to find your list of foreclosures. Here is what a listing looks like when it is pulled up ...
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What Are The Steps In a Short Sale
There are hundreds of steps to successfully completing a short sale. That's why its' important to have a knowledgeable Realtor on your side. It takes an incredible amount of time, effort, and expertise to negotiate with the lender and get the job done.Here is a brief overview of the steps to a ...
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Short Sale - How it Affects Your Credit
Many Bradenton - Sarasota, Florida homeowners are facing the risk of foreclosure in our declining market. For some, a short sale may be the solution. In a short sale the lender agrees to accept less than the current mortgage balance rather than take the property back through foreclosure. In most ...
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Crack The Property Code - Learn The Tricks of Selling Online - Part 3 of 7
So exactly how much can you save selling your home privately? You can save thousands of pounds by selling your home yourself and not paying commission to an estate agent. This is very, very real money which most people simply cannot afford to lose. The table below speaks for itself:- Example 2% ...
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Lenders Don't Play By The Same Rules In A Short Sale
Often banks agree to a sales price when they're presented with a contract, except they refuse to honor HOA fee's or back taxes owed. There lies the problems which continue to arise when dealing with a "Short Sale". I can't tell you how many times I've attached an addendum with our offer to the ...
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Sellers, Don't Try To Attempt To Do A Short Sale By Yourself!
The unimaginable has happened! We received a call from a person who`s in alot of trouble with their home and is unable to make the next mortgage payment. This person needs someones assistance but quite frankly believes they can contact the Banks,attorneys and begin the process of "Doing a Short ...
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Pre-Foreclosure Calls From the Voters
Citizens are calling on the Governors of many states to be part of the mortgage solution by ensuring that all homeowners facing foreclosure can obtain desperately-needed assistance and stay in their homes. According to the New York State Banking Department's report the 2007 Spring Review, more than ...
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Short Sale - The Hardship Test The Borrower Must Pass
Many Bradenton - Sarasota, Florida homeowners are facing the risk of foreclosure in our declining market. For some, a short sale may be the solution. This series of articls is to help Bradenton, Florida homeowners understand short sales.To convince a lender to accept a short sale the borrower is ...
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