short sale: Short Sale Vs Foreclosure - 06/17/09 12:27 PM
There are many reasons to Short Sale your property instead of just letting it go to Foreclosure. I will list a few below:
1) Save your credit from total destruction: with foreclosure it is ruined for 10yearswith a short sale you might at least be able to rebuild with 2 years … (0 comments)
short sale: HR 3648 Mortgage Forgiveness Debt Relief Act of 2007 - 02/21/08 02:48 PM
H.R. 3648 Mortgage Forgiveness Debt Relief Act of 2007 To amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on principal residences from gross income, and for other purposes. 12/20/2007--Public Law. (This measure has not been amended since it was passed by the Senate on December 14, 2007. The summary … (3 comments)
short sale: My Experience with Short Sales & Summary or Required Documentation - 02/21/08 01:46 PM
I am currently invovled with several properties that are considered short sale properties. Because the debt on the house is higher than the market value and the owners are having trouble making their payments the lenders might consider taking less than what is owed on the property. Sometimes the bank will … (3 comments)
short sale: Definition of Short Sale - 02/21/08 01:34 PM
Short sale (real estate) From Wikipedia, the free encyclopedia Jump to: navigation, search In real estate, a short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagor. The home owner/debtor sells the mortgaged property for less … (1 comments)
short sale: Before You Buy A Short Sale - 02/21/08 01:30 PM
A Brief Summary about Short Sales Buyers pursue short sales to get a good deal. So when you see a price listed for a home that you think is too low for the neighborhood, before you jump on that price like hot fudge on a sundae, ask your agent to call the … (0 comments)
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There are many reasons to Short Sale your property instead of just letting it go to Foreclosure. I will list a few below:
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