Real estate blog entries tagged with short sale by Rhonda Duffy #1 Agent in GA, 8 Years in a Row! (Duffy Realty and Rainmaker Realty)

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Home : Blogs : Rhonda Duffy #1 Agent in GA, 8 Years in a Row! : Rhonda Duffy's Blog : Tag "short sale"

short sale: Lenders Offering CASH to Short Sale Canditates to Short Sale Their Home Instead of Foreclosing! - 11/12/11 08:26 AM

If you are a Seller who has been thinking about Short Selling Your Property - READ THIS!

Bank of America is testing foreclosure waters with an incentive program for defaulting homeowners to “short sell” their homes instead of enduring a foreclosure, which can take years.

Almost unheard of five years ago, a short sale must be approved by the lender because the sale amount winds up being less than the mortgage owed on the house. Foreclosures have come to cost lenders so much in terms of sunken prices, deteriorated properties and legal fees that Bank of America announced last … (3 comments)

short sale: Warning Signs That You Need To Do A Short Sale - 11/11/11 04:25 PM

Warning Signs That You Need To Do A Short SaleIf you are experiencing a period of time where you can’t pay your mortgage payment or you are short but are sending in your payments, you may need to do a short sale. After a couple of months of non-payment or short pay, you will find that the penalties accumulate to a point of no return as expressed by many homeowners in your same situation. Other signs include that you regret the purchase of the property and feel that the property will never be the same value that you paid for it. … (0 comments)

short sale: What To Do When You Know That You Can’t Afford Your Home - 11/11/11 03:55 PM

Okay, so you know that you need to short sale to save your long term credit and get relief from your mortgage debt. Here some things that you should not do:1. Buy a large purchase like a car or boat.2. Transfer your money to someone else.3. Buy another property.4. Put small purchases on your credit card like eating out.5. Try to hide anything from your lender.6. Spend money fixing up your property.Now for what to do:1. Get your documents together to prove your hardship. For instance if your hardship is crime in the neighborhood, provide police statements. 2. Start collecting your … (0 comments)

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Rhonda Duffy #1 Agent in GA, 8 Years in a Row!

Milton, GA

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Duffy Realty and Rainmaker Realty

Address: 10 Cumming Street, Alpharetta, GA, 30004

Office Phone: (678) 366-7846

Cell Phone: (678) 366-3791

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