When your house is becoming a burden, many homeowners are considering a short sale to move the property. A Short Sale is a situation where the homeowners cannot sell the property for enough money to pay off the existing loans. The homeowner must negotiate with their lender to take less than what is owed. The following are some criteria which lenders use to determine if a borrower qualifies for a short sale:
1. Bad Health has befallen the borrower or an immediate family member and … (3 comments)
short sales: Which Houses are selling in Downers Grove???
- 12/13/10 06:34 AM
Which houses are selling in Downers Grove? As of today, December 13, 2010, 364 Single Family Homes have closed in Downers Grove in the last 12 months with prices ranging from $54,400-$1,750,000. Of those 364 sales, 37 or 10.1% were foreclosed homes. The prices of the foreclosed homes were from $54,400 to $640,000. Of the 364 sales, 23 or 6.3% were short sales. The prices of the short sale homes were $155,000-$660,000. A short sale happens when a homeowner needs to sell at a price less than the amount of loan on the property and they must negotiate with their lender … (0 comments)
short sales: Which houses are selling in Downers Grove?
- 09/23/10 01:06 PM
As of today, September 23, 2010, 373 Single Family Homes have closed in Downers Grove in the last 12 months with prices from $54,400-$1,170,000. Of those 373 sales, 41 or 10.9% were foreclosed homes. The prices of the foreclosed homes were from $54,400 to $740,000. Of the 373 sales, 24 or 6.4% were short sales. The prices of the short sale homes were $155,000-$1,025,000. A short sale happens when a homeowner needs to sell at a price less than the amount of loan on the property and they must negotiate with their lender to take less than what is owed. I … (0 comments)
short sales: Do You Qualify for a Short Sale?
- 08/02/10 11:39 AM
Headline: Mary Braatz launches website and marketing plan specific to homeowners facing foreclosure hardship in the DuPage County real estate market
DuPage County, IL- Mary Braatz, a DuPage real estate specialist, has developed a marketing strategy and website that is focused on assisting distressed homeowners find information and investigate options to avoid the foreclosure process. As an expert in short sales, a real estate transaction option that banks will consider instead of foreclosure with specific guidelines, Mary Braatz is determined to provide essential knowledge to homeowners in DuPage facing this unfortunate circumstance.
Visitors to www.AvoidForeclosureInDuPage.com will find information regarding … (1 comments)
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