Foreclosure vs Short Sale - 03/31/10 02:04 PM
Faced with a foreclosure and not sure what to do?  Not sure why a foreclosure could be worse or better than a short sale?  Of course when facing Foreclosure vs Short Sale, it all depends on the individual seller's situation.  Every seller should consult a real estate attorney and a tax accountant to better understand the potential effects of Foreclosure vs Short Sale.
Some of the basic homeowner consequences when choosing a Foreclosure VS Short Sale are that on all future loan applications, a prospective borrower will be asked "have you had property foreclosed upon or given title or deed in lieu … (0 comments)

Qualifications for a Short Sale - 03/31/10 01:58 PM
Qualifications for a Short Sale include three major qualifications.  If you are a homeowner facing a financial situation causing you not to meet your monthly mortgage payment, find out the Qualifications for a Short Sale.  There are many misconceptions of what qualifies a seller for a short sale.  However, there are basically three major qualifications that most lenders look for to determine if a seller qualifies for a short sale. 
Financial hardship is the first Qualification for a Short Sale.  A financial hardship is an issue that has caused (or will cause) you to miss your payments to your lender.  The lender will … (0 comments)

Reasons to Avoid Foreclosure - 03/31/10 01:48 PM
Reasons to Avoid Foreclosure other than the fact that your credit can be ruined for 5 to 10 years.  In addition, there are many other reasons to avoid a foreclosure.  Below is a list of just some of the reasons to consider alternatives to foreclosure, such as short sale. 
Reasons to Avoid Foreclosure:
1.  You always have to disclose that you have had a foreclosure when applying for a mortgage loan, and it may affect your interest rate.  Remember, this is the only credit issue that you are asked about specifically on a loan application.
2.  Your credit score will be lowered … (1 comments)

 
Terry Thomas, Terry Thomas (Home Expert Realty Services) Rainmaker_large

Terry Thomas

Terry Thomas

Queen Creek, AZ

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Home Expert Realty Services

Address: Queen Creek, AZ, 85132

Office Phone: (520) 723-5955

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San Tan Valley, Queen Creek, Florence and Coolidge AZ Real Estate


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