Tag: Short Sale
Why Would a Lender Accept a Short Sale?
When the proceeds from the sale of your home would not be enough to cover your costs, here’s an option:
New Rules Concerning Short Sales
A new rule is specifically designed to prevent “flipping” short sales:
6 Options When You Can’t Make Your Mortgage Payment
No longer able to make your mortgage payment? Here are 6 options for any homeowner in this position:
Short Sale – Offer 100 Percent Deposit!
As investors, are you doing short sales? Have you tried submitting higher deposits with your short sale offers?
10 Options for Sellers facing Foreclosure
Here are 10 of the most common options for sellers in default or anticipating being in default:
Your Credit Score May Sink When You Sign up for Mortgage Relief
What are these mortgage assistance programs?
Short Sales Changes
Don’t let the name fool you. The time for the process is never short and it does not always end in a sale.
Mortgage Forgiveness Debt Relief Act
Can you claim a loss on your tax return if you lost money on the foreclosure of your home?
Raising Your Credit Score after a Short Sale
How does a short sale affect your credit report and is there anything you can do about it?
Steps Involved in a Short Sale
To begin a short sale process, contact the lender and request their “short sale packet” or “workout packet”. When the packet arrives it will explain exactly what the lender wants you to present with your short sale offer. When you phone them, ask for the […]
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