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short sales: Short Sales - 03/29/09 10:09 AM
Making an Offer on a Short Sale? What You Need to Know Are you looking to buy a new home? Are you thinking that now's a great time to find bargains? Before you make an offer, it pays to know a little about the seller's situation. If a home is being sold for below what the current seller owes on the property-and the seller does not have other funds to make up the difference at closing-the sale is considered a short sale. Many more home owners are finding themselves in this situation due to a number of factors, including job losses,
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short sales: Two Alternatives to Foreclosure - 01/06/09 08:34 PM
By EMILY GREEN The housing legislation that is close to becoming law may help as many as 500,000 cash-strapped homeowners avoid foreclosure, by assisting them in refinancing into more-affordable government-backed mortgages. Counseling Resources for Struggling Homeowners Neighborhood Assistance Corp. of America naca.com 1-888-302-6222 ACORN acorn.org 1-866-672-2676 Homeownership Preservation Foundation 995hope.org 1-888-995-4673 HomeFree-USA homefreeusa.org 1-866-696-2329 But since many struggling borrowers may not qualify, people facing foreclosure should also familiarize themselves with two other options: "short sales" and "deed in lieu of foreclosure" transactions. Neither option will keep you from losing your house or avoid severe damage to your credit score. Still, they
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Karla Sparks
Owasso,
OK
More about me
Chinowth & Cohen Realty
Address: 9500 N. 129th E. Ave, Owasso, OK, 74055
Office Phone: (918) 392-9990
Cell Phone: 918344SOLD
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