short sale: Short Sales are All About the Seller
- 08/07/10 06:20 AM
Okay, this will surely strike some nerves with those buyers out there trying to purchase a short sale home. Sorry, but the facts are what they are. First let me say that I've done many Short Sales, representing both the seller and the buyer, and therefore have some insight into the process and situation. I'll say it now, and again.... SHORT SALES ARE ALL ABOUT THE SELLER. Let's break it down. The reason why the short sale is all about the seller is simple. The seller in most cases is in trouble and needs to get out of the financial … (1 comments)
short sale: Short Sale - Tenant Occupied
- 05/18/10 04:50 AM
Short selling a home is touch enough these days, but one with a tenant posses additional challenges. First and foremost, make sure the homeowner is communicating with the tenant regarding their plan to sell. All to often, tenants find out the homeowner is in trouble when the trustee notice of sale has been posted on their door. This does not give a warm and fuzzy feeling to the tenant, who is still paying rent. The tenant should be assured of the following: The tenant lease will be honored. - This opens up so many questions, and the first one that comes … (7 comments)
short sale: HOA's - More Power Than We Think
- 05/11/10 07:23 AM
As many more people fall behind on their mortgage payments, so it seems does the ability to pay HOA dues. Many assume that the short sale or foreclosure will resolve any missed HOA payments, penalties and even attorney fees. The fact is, the debt will survive foreclosure and will most certainly reak havoc for the short sale process. HOA's have more Power than we think. They have the ability to follow the individual after a foreclosure. While a short sale requires resolution to clear title, the past HOA dues and penalties can nix a deal. In Arizona there are so many … (2 comments)
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