Bankruptcy and Short Sales in Massachusetts and New Hampshire. How does bankruptcy affect your short sale? Interview with attorney - 10/23/10 09:41 PM
We have done enough short sales to see our fair share of bankruptcies occur. There is an impact to a homeowner’s credit and their short sale if they file bankruptcy. Homeowner’s in need of filing need to speak to an experienced attorney if they are considering bankruptcy as an option to stall a foreclosure or capture their deficiency from a short sale. I would even suggest they find a bankruptcy attorney that also specializes in Real Estate. Rapid Property Relief, LLC works with several experienced attorneys. When we meet with homeowners facing foreclosure or with mounting debt, we always refer our … (0 comments)

Deficiency vs. Deficiency Judgment in Short Sales and Foreclosures for New Hampshire and Massachusetts Homeowners - 10/15/10 11:44 AM
People misunderstand the terms deficiency and deficiency judgment when explaining the risks in short sales or foreclosure actions.  It is easy to do.  Short sales and foreclosures are confusing for most homeowners.  Even after explaining the potential outcomes of a short sale or foreclosure in Massachusetts or New Hampshire homeowners still are overwhelmed.
Do not confuse deficiency and deficiency judgment.  They are two separate terms.  In short sales, if a short sale is negotiated a lender may refuse to release the deficient portion of the note.  So for example, a home that has a note of $200,000 for which a buyer … (0 comments)

How to Write a Successful Short Sale Hardship Letter - Massachusetts - New Hampshire - 10/14/10 11:25 AM
Short sales are a mishmash of paperwork, time, anxiety and questions, and one of the biggest questions I receive from Massachusetts and New Hampshire homeowners wanting to short sale their home is, "What do I write in my hardship letter to the lender?"
This is a simple question to answer, but the details of most hardships are never simple for a homeowner facing foreclosure.Assuming you truly have a hardship and are just not "walking away" from your home, what I tell homeowners to write is this:    Explain to your lender what circumstances from the time you took out your loan until now, … (5 comments)

Pros and Cons of HAFA short sales for Massachusetts and New Hampshire Homeowners - 10/08/10 01:49 PM
Short sales are confusing enough, but let's throw a new program into the mix.  It's called HAFA.  Now to not confuse you even further, I'm going to talk about the good old regular HAFA program and not the Freddie Mac/Fannie Mae HAFA short sale program.
Homeowners need to be aware of the pros and cons of the HAFA program.  I received two calls this week from agents who were furious when their short sales were approved the lenders "kept the right to pursue the deficiency" and gave no relocation assistance.
Here's why:
SECOND lenders do not have to participate in the … (2 comments)

 
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Maryann Little - Short Sales Massachusetts

Methuen, MA

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Short Sale Mitigation, LLC

Office Phone: (978) 384-0032

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We are a third party short sale negotiation company working for homeowners in Massachusetts and New Hampshire. Started by broker Nick Aalerud, we have grown to have three full time negotiators, and three teams of lawyers assisting sellers, buyers, agents etc. Our blog serves as information for homeowners, and agents in New Hampshire and Massachusetts considering a short sale.


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