Short Sales Don't Have to be Scary! - 03/28/12 09:17 AM
The short sale process truly is much like a normal home sale.  You still list your home with a Realtor.  You then market the property and reduce the price if necessary to get an offer.  The big difference is that once you receive an offer on your home, the offer price must be approved by your lender.  Once you get an offer, here is what happens:
A Hardship Letter is drafted by you to send to your lender.  This letter includes all financial difficulties that caused the short sale in the first place (divorce, job loss, medical issue, relocation, etc.)  The … (2 comments)

Are You Facing A Distressed Sale? - 03/28/12 09:05 AM
There are many, many reasons that can be used to explain the current mortgage situation in America today.  So you are truly not alone in thinking, “Why Me?”  The reality is that there are thousands of US homeowners, just like you, that are in financial distress due to real estate.  And, this number is more than in any other time in the history of the US residential housing market.
 
It is my honest belief that one thing remains that same for the majority of all home seller’s today—that the best thing you can do is seek the guidance and services … (3 comments)

Are Short Sales Growing In Popularity? - 03/01/12 06:17 AM
The answer to that is YES!!!!  The short sale niche is certainly growing in importance and popularity in our real estate community today.   Banks and lenders are overwhelmed with foreclosed properties.  So what are they doing?  To save themselves money and the legalities involved in a foreclosure, many banks are encouraging short sales.  Lenders are also getting a little easier to deal with on short sale offers.  Truth be told, a successful short sale helps your lender to avoid getting one more foreclosed home on their books. Banks are in the business to lend money not hold foreclosed homes.
Sue Melhorn … (2 comments)

 
Sue_photo_2009_002 Rainmaker_large

Sue Melhorn

Dover, NH

More about me…

RE/MAX Coast to Coast

Address: 150 Mirona Rd, Portsmouth, NH, 03801

Office Phone: (603) 431-1111 x 3818

Cell Phone: (603) 944-0186

Email Me

Your Real Estate Resource on the New Hampshire Seacoast and Southern Maine


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find NH real estate agents and Dover real estate on ActiveRain.