wisconsin short sale: Short Sale Myths-Part Two - 03/13/14 01:47 AM
February 5, 2014by David Tal

Short Sale Myths-Part Two
                                  
 
Here is part two, talk to a professional before making your decision. 
 
Myth Number Five:  A short sale will prevent me from qualifying for a new mortgage.
 
Wrong! You could qualify for a new home loan within just 2-4 years of a short sale; even less if you never fell behind on payments! Comparatively, a foreclosure can ruin your chances of getting a home loan for many more years.
 
Myth Number Six:  It’s hopeless … (0 comments)

wisconsin short sale: SHORT SALE IS APPROVED........ - 01/11/08 05:21 AM
Only if the Seller signs a note at closing agreeing to pay back the amount owed to the Second Mortgage.  I have see this twice now.  The first time they required the seller to sign a $15,000 0% interest 10 year note before they would close and the second one they are requiring the Seller to sign a $52,000 note 12% interest, they only reason the seller's are signing them is because they are going to be filing bankruptcy.  This is a very touchy area and hopefully you make the buyer and seller aware of all issues that could arise.  So … (7 comments)

wisconsin short sale: Jefferson County WI Home Buyer & Home Seller Information - 12/17/07 03:13 AM
IF YOU ARE BUYING A PROPERTY THAT IS INVOLVED IN A  SHORT SALE
 When purchasing a home or any real estate involved in a Short Sale or Bank Approval make sure you understand it will take longer than a regular transaction.  Every short sale transaction is different so keeping the Buyer informed and updated is important so they do not feel lost in this lengthy transaction, especially First Time Home Buyers.  Buyers need to be advised that just because the Seller has accepted your Offer the Bank has the Final Approval and could ask you to raise the purchase price based on their … (0 comments)

 
Amber Castonguay, Servicing: Waukesha, Jefferson, Dodge County WI (eXp Realty) Rainmaker large

Amber Castonguay

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Oconomowoc, WI

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