short sale expert: What a Short Sale expert must have - 09/05/10 07:28 PM
Nowadays, anyone thinks they can handle short sales, they promote themselves as expert agents, but far from true is when you put in their hands your only one chance to financial freedom and all of a sudden it turns into your ticket to court for foreclosure sale. Then you see yourself being prosecuted by the lender to pay all the money owed after the sale.
This is a delicate process, not everyone has the right people working with them to accomplish a successful negotiation.
First symptoms of being with the wrong agent:
He/She wants to charge you an upfront fee He/She … (1 comments)
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short sale expert: Need to Short Sale your Property? - 09/05/10 05:27 PM
Short Sales are more a solution than a problem, the country is conscious of the economic situation that we are living and offers this option to you to ease your economic hardship.
How does it work?
When the borrowers cannot continue paying their mortgage debt, the lenders give them the opportunity of settling the debt for less than what they owe. This will give the borrower the chance of finding a buyer for their property who is willing to purchase their home for the actual market price.
How do I start?
First of all you must find an expert agent who has a … (0 comments)
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short sale expert: Condos for Auction in South Florida, a success story - 06/01/10 11:38 AM
The South Florida Bussiness Journal has followed closely the auction scenary. on April 10, 2010 for the 1st time since 2007, a Miami developer sold all remaining units through auction, reporting a 15% more returns than expected. This is how the story begun:
"A Miami developer whose condominium sales have stalled is taking 62 units to auction at an average starting price of $63 a square foot, or 71 percent below replacement cost.
The units - in the 10-story San Lorenzo, in Miami's Little Havana, just a few blocks from the Florida Marlins ballpark under construction - will be auctioned April 10, … (0 comments)
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short sale expert: I didnt get approved for a loan modification now what? - 05/01/10 09:47 AM
Loan modifications have been a phantom for many homeowners, It is close to impossible to qualify for a loan modification. How many times we have heard someone did not qualify for the loan modification and is short selling the property now? vs. how many times someone did get approved?.
Regardless, many people put a lot of hope into the anxiously awaited new modification program recently approved by president Obama (HAMP) which is "designed to enable borrowers that meet eligibility requirements to avoid foreclosure by modifying loans to a level that is affordable for borrowers and sustainable for the long-term".
But the … (0 comments)
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