miami short sales: Successful Short Sales: What experience, knowledge and skill can accomplish.
- 07/23/11 08:47 AM
It can be done and lenders can help and are willing to cooperate if you don't give up, know your clients, file and facts. Friday we finalized a short sale with a large first and second (HELOC) mortgage. The lenders released both the notes and liens. This was not a HAFA program short sale. Without going into the hardship the home sold for $445,000 with 3% seller contribution. The first was owed $489,000 and the second the HELOC was $271,000. The first agreed to pay the second $6000 with the stipulation that the lender of that HELOC would not get more than the $6000. … (0 comments)
miami short sales: NEVER EVER WALK AWAY! NEVER EVER LET THE BANK FORECLOSE...NEVER!
- 07/16/11 04:48 AM
Eight Reasons You DEFINITELY Want To Prevent a Foreclosure... 1. You will always have to disclose that you have had a foreclosure on aniy mortgage application in the future and this will have an adverse affect on your mortgage rate. This is the only credit item that is asked specifically and does not rely on what is on your credit report. THERE IS NO SEVEN-YEAR LIMIT ON THIS ITEM!2. Your credit scores will be lowered by 300+ points and a foreclosure is the most devastating credit issue you can have in relation to future credit availability.3. A foreclosure is the one … (7 comments)
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Edward Goldfarb 450 Short Sale Approvals - 1750 Sales
It can be done and lenders can help and are willing to cooperate if you don't give up, know your clients, file and facts. Friday we finalized a short sale with a large first and second (HELOC) mortgage. The lenders released both the notes and liens. This was not a HAFA program short sale. Without going into the hardship the home sold for $445,000 with 3% seller contribution. The first was owed $489,000 and the second the HELOC was $271,000. The first agreed to pay the second $6000 with the stipulation that the lender of that HELOC would not get more than the $6000. … (0 comments)
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