costa mesa short sale faqs: Can I Ever Buy Again if I Short Sale? - Costa Mesa Short Sale FAQS
- 06/08/12 03:19 PM
Can I Ever Buy Again if I Short Sale? Costa Mesa Short Sale FAQs This is one of the biggest questions that comes up for people who are considering a Costa Mesa short sale. It's understandable, most distressed homeowners like to be homeowners and want to be again when possible. Fortunately, the answer is you should be able to own again, and it may not take as long as you think. Generally, the timeframes in which lenders will allow you to buy again are much shorter after you do a Costa Mesa short sale than they would be if you … (6 comments)
Perhaps you already know where you are going. Perhaps your family has a rental property you can move into or maybe they have space in their own home. If this is not the case, many potential short sale sellers are concered about what will happen to them and where they will go. The concerns may be that you don't have … (4 comments)
costa mesa short sale faqs: Can I Do a Short Sale on My Costa Mesa Home if it's Rented?
- 06/08/12 02:44 PM
Can I Do a Short Sale on My Costa Mesa Home if it's Rented?- Costa Mesa Short Sale FAQS Are you having trouble making your mortgage payment on a Costa Mesa rental home? Are you upside down, and afraid you can't sell it? Have you seen your rental income and/or your other income drop significantly and can't make up the shortfall any longer? Well, amidst all of the difficulty, there is good news! You can do a short sale on a Costa Mesa home even if it's rented. The fact that it is a rental property will not disqualify you … (2 comments)
costa mesa short sale faqs: Can I Short Sale My Costa Mesa Home if I'm in Bankruptcy?
- 06/08/12 02:34 PM
Can I Short Sale My Home if I'm in Bankruptcy? Costa Mesa Short Sale FAQs The short answer is yes. Doing a short sale while in bankruptcy adds another layer of complexity the short sales and may increase the time it takes to complete the short sale. Still it is quite possible to complete a short sale while in bankruptcy. Depending upon your situation and the chapter of bankruptcy filed, you may need permission from the court and/or trustee to short sale your Costa Mesa house and/or employee your Realtor. Although it is easier to obtain a Costa Mesa short sale … (0 comments)
Generally, there are three requirements that will allow you to qualify for a short sale on your Costa Mesa house. Monthly short fall Hardship Insolvency Let's look at each of these.
1. Monthly shortfall This means that you run out of income before you run out of month, ie. your monthly living costs are $8,000, and you … (0 comments)
costa mesa short sale faqs: Will BofA Give You $30,000 to do a Short Sale on Your Costa Mesa Home
- 05/23/12 05:51 AM
Will Bank of America Give you $30,000 to do a Short Sale on Your Costa Mesa Home? Have you heard about BofA's new program that offers significant relocation assistance to Short Sale Sellers? BofA announced on May 15, 2012, that it will be offering as much as $30,000 in relocation assistance to distressed home sellers who choose to short sale their home rather than allow it to go to foreclosure. Once a short sale has been initiated in the Equator system by your agent, BofA will evaluate your eligibility for the program. To qualify: Home owner must participate in one of the … (3 comments)
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Christine Donovan
Broker/Attorney 714-319-9751 DRE01267479 - Costa M
Author Bio: Christine Donovan is a real estate broker and attorney. She is a lifetime local resident of Orange County, and the head of the DonovanBlatt Team which specializes in real estate sales and purchases in the Orange County area with a focus on Costa Mesa, Newport Beach and Huntington Beach.
Can I Ever Buy Again if I Short Sale? Costa Mesa Short Sale FAQs 
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