credit score: Short Sale When Only One Spouse Is On The Loan - 05/11/11 12:46 AM
Sometimes loans were made with only one spouse on the loan. What happens to the non-borrower spouse when a house goes into foreclosure or sells at a short sale?
If someone is not on the loan a short sale should not impact their credit or ability to obtain future loans. This should be verified with an attorney and a mortgage broker.
First of all, how did it happen that only one spouse is on the loan? Possibilities include;
One spouse had better credit than the other and enough income to qualify for the loan. One spouse already owned the house and … (1 comments)

credit score: Why Many Realtors Should Refer Their Short Sale Listings To Specialists - 01/26/11 10:28 PM
If a Realtor is not a short sale specialist, he/she should refer their short sale to a local Realtor who is.
The client-centric reason: It is the responsible thing to do for the client.
The Realtor-centric reason: Someone else does the stressful heavy lifting and the referring Realtor gets paid a referral fee.
The Importance of a Short Sale on the Client's Emotional and Financial Health
We have all heard that buying or selling a house is the biggest transaction for most consumers. The importance of that transaction is eclipsed by the magnitude of a foreclosure or short sale.
The expertise … (67 comments)

credit score: Our Business Models Need to be Nimble and Flexible - 01/07/11 11:26 PM
Our business models need to be nimble and flexible, but without diversifying prematurely. Over-diversification dilutes our resources and our management time.
We are in a market that defies traditional knowledge past real estate markets.
Now more than ever we need to recognize that what worked yesterday may not work tomorrow. Everytime the government and the lenders roll out new guidelines the housing market can change, literally overnight.
The $8,000 tax credit changed the market, then its expiration changed the market again. Announcement of loan modification programs changed the market then it's failure changed the market again. Credit score requirements go … (4 comments)

 
Dave Halpern, Louisville Short Sale Expert (Keller Williams Realty Louisville East (502) 664-7827)

Dave Halpern

Louisville Short Sale Expert

Louisville, KY

More about me…

Keller Williams Realty Louisville East (502) 664-7827

Address: 1230 S. Hurstbourne Lane, Louisville, KY, 40222

Office: (502) 664-7827

Mobile: (502) 664-7827

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