short sale foreclosure assistance: SHORT SALE Q & A ORANGE COUNTY SHORT SALE SPECIALIST
- 03/31/17 07:10 PM
Brought to you by the Queen of Short Sales Short Sale Q & A Q: What is a Short Sale? A: A Short Sale transaction occurs when the lenders are paid a negotiated amount that is less than the actual principal balance owed. Q: Why are the Banks Accepting Short Sales? A: In a foreclosure, the lender incurs legal fees and may not take possession of the home for several months. When the lender takes possession, the condition is unknown, and the home will have to be sold regardless.
Q: How are the Selling Costs Paid? A: In a successful Short Sale transaction the selling costs are absorbed by the lender.
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short sale foreclosure assistance: REQUIREMENTS OF A SHORT SALE PACKAGE - ORANGE COUNTY SHORT SALE SPECIALIST
- 07/26/10 10:44 AM
REQUIREMENTS OF A SHORT SALE PACKAGE - ORANGE COUNTY SHORT SALE SPECIALIST All of the documentation needed to start a short sale is commonly called a "Short Sale Package" and is usually submitted by the investor interested in the property, the Realtor representing the seller, or the seller of the property. The package usually includes the following items: Sample Short Sale Package (items may vary depending upon the lender): •· Cover Letter •· Authorization to Release Information •· Sellers Hardship Letter •· Seller's Financial information •· two years of current W-2's •· One month of current pay stubs •· two months of most … (2 comments)
short sale foreclosure assistance: Do you have to be past due on your mortgage to do a short sale? - OC Short Sale Specialist
- 07/26/10 10:37 AM
Do you have to be past due on your mortgage to do a short sale? - OC Short Sale Specialist ANSWER: It depends on your lender Here are a few banks that will allow you to do a short sale without being delinquent. •· Countrywide •· Wachovia •· Wells Fargo Please remember that if you are doing a short sale and you are not currently delinquent the bank has no rush to approve your short sale. It could take 6 months to get it approved. For more info on short sales please call 714-588-7676 or go to www.remaxann.com List … (2 comments)
short sale foreclosure assistance: REQUIREMENTS OF A SHORT SALE PACKAGE - ORANGE COUNTY SHORT SALE SPECIALIST
- 02/24/09 05:51 AM
REQUIREMENTS OF A SHORT SALE PACKAGE - ORANGE COUNTY SHORT SALE SPECIALIST All of the documentation needed to start a short sale is commonly called a "Short Sale Package" and is usually submitted by the investor interested in the property, the Realtor representing the seller, or the seller of the property. The package usually includes the following items: Sample Short Sale Package (items may vary depending upon the lender): Cover Letter Authorization to Release Information Sellers Hardship Letter Seller's Financial information two years of current w2's One month of current pay stubs two months of most recent bank statements Supporting Hardship Info … (0 comments)
IRVINE HOMES FOR SALE, GREAT PARK NEIGHBORHOODS, IRVINE NEW HOMES FOR SALE, LAGUNA ALTURA, QUAIL HILL, OAK CREEK, WEST IRVINE, ORANGE COUNTY UPDATES, IRVINE REAL ESTATE
Brought to you by the Queen of Short Sales Short Sale Q & A Q: What is a Short Sale?
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