If you’ve been unable to keep up with your mortgage payments, it might seem like your only option is foreclosure. There is, however, another option. You may be able to do a short sale on your home before foreclosure. Here are the advantages and disadvantages to consider before deciding on a short sale. What is a short sale? A short sale is when a property is sold at a price lower than the amount the homeowner owes on the mortgage, and the mortgage lender agrees to the “short” payoff. … (0 comments)
wisconsin short sales: Wisconsin Short Sale Myths-Part One
- 03/12/14 10:29 AM
Short Sale Myths - Part One January 30, 2014 by David Tal When a property is sold for less than the balance remaining on the mortgage loan, that is called a short sale. A short sale can benefit homeowners in many ways, by helping them get out of an upside-down loan, avoid foreclosure and eliminate their mortgage debt. Short sales today are also, on average, taking less time to process than before - thanks to tighter regulations and better practices in the industry. However, there are still a lot of misconceptions about short sales floating around out there, and we are tackling eight of … (0 comments)
wisconsin short sales: SOLD! N6722 County Road B-Lake Mills
- 12/09/13 11:11 PM
SOLD! N6722 County Rd. B-Lake Mills, WI: This property had Multiple Liens and was FHA underwritten. Contact me to help Facilitate your Short Sale. www.WIShortSaleSolution.com Like my on Facebook: https://www.facebook.com/WIShortSaleSolution. I help Seller's and Agents. … (1 comments)
wisconsin short sales: 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 sales: Wisconsin Real Estate: Subject to Bank Approval?
- 12/19/07 11:34 AM
This could be taken two ways in an Offer to Purchase. I always include Subject to Bank Approval in my Offers relating to Short Sales. I'm thinking that it almost needs to read "Subject to Seller's Third Party Approvals" so there is no confusion if the Bank Approval is for the Seller or the Buyer, I see this as being a Grey area if it came down to it because Subject to Bank Approval is to vague. Short Sales are very evident in my market and I hope to take advantage of this niche. … (6 comments)
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Is a Short Sale Right for You? 
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