default: Can I Negotiate a Short Sale if I'm NOT Behind on Mortgage Payments?
- 05/03/13 06:58 AM
Most lenders today are looking for monthly cash flow shortfall, or pending shortfall and insolvency. If you meet these requirements of a verifiable hardship, and are running out of funds to continue making timely mortgage payments, you may qualify for a short sale. Deliquency or default is not required to initiate a short sale transaction. Don't wait until your only option is foreclosure! In a hardship letter for short sale (or short payoff), if a seller/borrower is currently not in default, but can make the case that it is unavoidable, they can proceed with a short sale according to Freddie Mac. … (0 comments)
default: Tracy Short Sales - Consequences of Default
- 07/09/11 06:59 AM
The economy has put a strain on many households across the nation. The Central Valley and Tracy have definitely felt the impact. In these tough times, many families are struggling with trying to avoid foreclosure. What are the consequences of foreclosure? Should I do a Short Sale? What are my options? Homeowners need accurate information in order to make the right decision. One major item to consider is the impact of a foreclosure to an individual's credit score. Scores can plummet 200 to 300 points. Credit standards are already tightened and a foreclosure can greatly impact one's ability to buy a … (0 comments)
Tracy California Homes For Sale. Tracy California Real Estate Market. Stay up to date with your current real estate market and trends. The Aguilera Real Estate Team offers unparalleled Real Estate Services to home buyers and sellers in Tracy CA, Mountain House CA, Manteca CA, Lathrop CA and the surrounding San Joaquin Central Valley California real estate communities.
Most lenders today are looking for monthly cash flow shortfall, or pending shortfall and insolvency. If you meet these requirements of a verifiable hardship, and are running out of funds to continue making timely mortgage payments, you may qualify for a short sale. Deliquency or default is not required to initiate a short sale transaction. Don't wait until your only option is foreclosure!
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