best option: Short Sale: Advantages and Disadvantages
- 01/14/10 11:48 AM
Most people are familiar with the term short sale by now. Well, Not all because I have seen some realtors who does not know what they are yet. I kind wish i was one of them sometimes! That means they didnt deal with any short sale. :) I think most realtor would agree with me that short sales are a pain in the neck! There are homeowners who are trying to modify their loan, but do not qualify for it. In my Opinion, their next best option might be short sale. Of course, this is case by case. I am sure an … (5 comments)
best option: Loan Modifications - Be Careful who is doing it!
- 12/26/09 12:56 PM
I'd like to see how other realtors are handling Loan modifications. In my state (NJ), We cannot legally charge for processing loan modifications therefore I have to refer to attorneys or those who are doing loan modifications for living. What I sometimes do is analyze the person's situation to see if the bank would consider them for Obama's help for homeowners program. Most of those who came to my office do not qualify. I have suggested them to do a short sale, but they refused because they believe somebody could still help them therefore they end going somewhere else where somebody tells them they … (9 comments)
Most people are familiar with the term short sale by now. Well, Not all because I have seen some realtors who does not know what they are yet. I kind wish i was one of them sometimes! That means they didnt deal with any short sale. :) I think most realtor would agree with me that short sales are a pain in the neck! There are homeowners who are trying to modify their loan, but do not qualify for it. In my Opinion, their next best option might be short sale. Of course, this is case by case. I am sure an … (5 comments)
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