short sale: Uncertainty with Bank of America COOPERATIVE SHORT SALES - 01/17/13 02:52 PM
As a homeowner, do you have financial hardships making it impossible for you to continue to pay your home mortgage?  Have you heard that a short sale could be a viable option for you but are unsure if this is the right option for you? Well, with the nation's avoidance of falling off the seemingly apocalyptic "fiscal cliff" you may have heard homeowners collectively breathed a sigh of relief on January 3rd when the Mortgage Forgiveness Debt Relief Act of 2007 was extended through the end of 2013. One provision of this act is that homeowners that need to sell their home … (0 comments)

short sale: HOW TO BUY A SHORT SALE - 02/01/12 08:24 PM
 
You may be a buyer who has heard the  horror stories associated with a Short Sale and may be fearful of them.  However, there is no need to be as Short Sales Can Be Your Best Buy.  The key to navigating a Short Sale is understanding the oddities associated with purchasing a Short Sale to minimize your frustration with the process.  As with anything in life, when you have the proper expectations, you are better able to cope with the challenges that may arise. 
 

 
Here are some things to keep in mind with a Short Sale:
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short sale: Afraid of SHORT Sales? Why You May Be Missing the Best Deals - 02/01/12 08:16 PM
In this real estate market, there are many fantastic deals to be had for the real estate Buyer but not just with foreclosures.  Despite the horror stories you may have been told, Short Sales can sometimes be your best buy and here are 5 reasons why:
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short sale: "Is This A Good Real Estate Deal?" - 11/04/10 09:59 AM
In this real estate market, there seems to be no end to low-priced homes, whether foreclosures, REOs, short sales, owner financed, etc., but how do you know if it truly is a good deal?  I can see many purchasers salivating over the low prices in this real estate market but don't pack up and move just yet.  Avoid getting caught in the hype of something being low-priced.  Here are several strategic factors beyond price to consider to help insure your real estate purchase will be a sound investment.

1. Location
Mostly everyone is familiar with real estate's most famous slogan, "location, location, location" but this is still … (2 comments)

short sale: AFTER A SHORT SALE - When Can I Buy A New Home? - 08/30/10 03:56 PM

Here is a question from a concerned homeowner, "If I go through a short sale, how soon can I purchase another home?  I was told that if I did a short sale instead of allowing the home to be foreclosed on, it is not as bad".  Answer, "It all depends". 

Typically, if you want to purchase a home using a FHA Loan (which allows for only 3.5% down instead of the 10% or more required by a conventional loan), you would have to wait 3 years after either a short sale or foreclosure.  If you decide to do a conventional loan, … (2 comments)

short sale: Stop Foreclosure! - 06/15/10 04:11 PM

The American Dream should not become a nightmare.  But with the ups and downs of the economy, what is a homeowner to do?  Whether you or someone you know is in danger of losing your home, American Homeowner Preservation (AHP) maybe able to help.  AHP has options, such as short sales, lease & repurchase programs, available that may help you pay less a month and even keep your home. 

Click here to watch a short video of one homeowner's success story with AHP: AHP News Success Story 
Interested in investing in real estate?  If so, you can help the families of AHP - … (1 comments)

short sale: Homeowner Help: How to Avoid Foreclosure - 03/16/10 08:10 AM
With various events in the economy, do you, or someone you know, feel like it is difficult to afford your home?  Have you tried to sell your personal home but cannot based on the current real estate market?  Well this maybe just the thing to give you relief.  Beginning April 5, the Obama administration will encourage under-water mortgage borrowers to avoid foreclosure and instead alleviate their financial burden by short selling their home in a new, (what we hope to be) streamlined process.

The new short sale program will offer a cash payment to the homeowner, as well as to the servicer and second-lien … (2 comments)

short sale: Short Sale Help For Sellers - 12/04/09 05:05 PM
If you are selling your home and are considering a short sale, you may qualify for some incentives to make the process smoother for you and your potential buyers.  The U.S. Treasury Department announced new guidelines designed to make short sales go more smoothly.


To qualify under these new guidelines:
The property must be the home owner's principal residence.+ The home owner must be delinquent on the mortgage or close to defaulting.+ The loan must have been made before Jan. 1, 2009, and be for less than $729,750.+ The borrowers' total monthly mortgage payment must exceed 31 percent of … (0 comments)

short sale: Don't Get SHORTED in a SHORT SALE! - 12/01/09 12:07 PM
PRE-FORECLOSURES/SHORT SALES, which are when the bank will allow a homeowner to sell a home "short" of the mortgage owed, can be great deals when you are patient and aware of the risks.  However, short-sale properties can be money pits when offers take forever to close and vacant properties are trashed.

Here are some suggestions for expediting the deals whether you are in Sandy Springs, Atlanta, or any where else in the nation:
1.  The best short-sale deals are those where the bank has pre-approved the sale price.  Unfortunately, some homes are listed for sale for a price that the bank has not approved so … (2 comments)

short sale: How to Make an Offer on a Foreclosure and Win - 04/04/09 07:44 AM

These days, it's easier to make a low-ball offer than it used to be on a  real estate foreclosure property whether in Sandy Springs, Metro Atlanta, or any place in America, but still it's important to be smart.  Here are some things that  would-be buyer should consider when contemplating such an offer on real estate:
● Use foreclosures as comps carefully. Look realistically at the prices foreclosures in the neighborhood brought. Foreclosures aren't good comps if the real estate was stripped of appliances, pipes, HVAC, etc.● Examine details of short sales critically. How many liens were there against low-selling short sales? … (0 comments)

short sale: SELLERS, Prevent Foreclosure - 01/07/09 10:34 PM
ANXIOUS TO SELL?
Selling your real estate through a short sale may never be your first choice, but for some it may be your best option.  Here's how to go about it:  Sellers: Short Sale Can Prevent Foreclosure
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