short sale acceptance: Imagine yourself without crushing mortgage debt - A short sale in Louisville can get you there - 04/24/11 09:28 PM
You bought a house some years ago. Paid market value, just like everyone else.
Life happened; Job transfer, job loss, illness, divorce.
You tried to sell your house but couldn’t because values collapsed, no fault of your own.
You now owe tens of thousands of dollars more than the house is worth.
What to do? Consider a short sale, it is common nationwide and in Louisville.
What is a short sale?
A short sale occurs when a house sells for an amount short of the full amount owed to the lender. Hence the word “short” in short sale.
What happens to … (1 comments)

short sale acceptance: Short Sales: Even When You Get a Green Light- You Still Have To Look Both Ways - 10/03/10 02:52 AM
Even when the lender issues the coveted short sale acceptance letter there are plenty of perils ahead.
In a short sale the lender accepts an amount SHORT of the full payoff, thereby enabling the seller to avoid foreclosure. Once the seller’s Realtor navigates the process, the lender issues a “short sale acceptance letter.” The buyer is then green lighted to proceed to closing.
At this point, however, there are still many things that can go wrong. Here are just a few examples:
Seller Related Problems
Last minute title problems – liens and judgments may cloud the title. Since there is no … (6 comments)