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The Basics of "Short Sales"
You may likely come across dozens of properties in foreclosure with little or no equity, that is, the seller owes at close to or more than what the property is worth. In these situations, lenders are sometimes eager to accept less than the full amount due, usually referred to a "short pay" or ...
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How to Find Home Foreclosures
Depending on where you live, different means exist to find home foreclosures. Before we dive into where to find foreclosures, let's focus on why for a minute. With foreclosures up 97% year over year, there is a decent chance that you know of a foreclosure or two in your immediate neighborhood. ...
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Short Sale Hardship Letter - An Integral Part Of The Short Sale Package
The short sale hardship letter is the most integral part of the real estate short sale package. Short sales are sometimes offered to homeowners facing foreclosure who do not qualify for a loan modification. In this type of financial agreement the lender allows homeowners to sell their home for less ...
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How To Lose Your Shorts When Listing A Home For Sale, It Is Not A Short Sale!
A recent listing went on the market up the street from my home. As most curious homeowners do you want to learn what the asking price is to gauge where the market is headed or how that home compares to yours etc... Well this home was priced well below market it's coming up "Short". No it is not a ...
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Short Sales - Perhaps The Faster Growing Topic In Real Estate Investing
Without a doubt the hottest topic in real estate investing are short sales, buying homes through transactions where lenders accept a sell for less then what they are owed, for homeowners facing a financial hardship, therefore avoiding the costly foreclosure process. According to top industry ...
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Five Tips to Make Your Pre Foreclosure Short Sales Easier
1. Work only with Preforeclosure Real Estate motivated sellers. Most homeowners who are in preforeclosure are feeling a great deal of anxiety and are looking for a way to correct the situation. If the homeowner believes they can catch up on the mortgage payments or otherwise reverse the foreclosure ...
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The Successful Real Estate Foreclosure Investor's Secret Weapon Technique
We're all taking a hit to our wallets--gas prices, insurance rates, property taxes. These are just a few of the factors that are contributing to the record foreclosure rates our nation is facing. To put it into solid numbers, RealtyTrac says "1.2 million foreclosure filings were reported nationwide ...
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The Short Sale And Other Methods Of Saving Equity In Your Home
Short Sales are becoming increasingly popular for those with no where left to turn. The foreclosure dilemma has grown tremendously in 2008 and still rising. It was up 54% in April alone. There are tons of companies who offer support but which are the right ones? Which ones are looking out for their ...
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The Secret to Successful Short Sales Acceptance is in Your Toolbox, or is It?
When working short sales and foreclosures are you finding yourself wasting valuable time and resources trying to get through that seemingly 'brick wall' of bureaucracy? Is that 'good deal' going by the wayside? As any of you who are involved in real estate, as a Realtor or Investor knows that the ...
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Bank Loss Mitigators - The Role They Play In The Foreclosure Process
Bank loss mitigators are individuals who work with homeowners facing foreclosure. The majority of loss mitigators are employed by banks and lending institutions. However, there are also independent agents who work on behalf of the homeowner and assist in negotiations with lenders. The main function ...
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