waltham ma short sales: Buying a home after a short sale
- 06/16/10 05:13 PM
Buying a home after a short sale I need to preface this blog by informing you that I AM NOT A MORTGAGE PROFESSIONAL. I AM A REALTOR and you should speak to a mortage professional for further qualified advice. That being said, let's move on. For most home owners who sell short, they will not be able to purchase another home for quite awhile. FHA requires at least 3 years from the time you sell your property short before you will qualify for another FHA loan, Fannie Mae requires 2 years... at that is the minimum. That does not take … (10 comments)
waltham ma short sales: Waltham MA Short Sales, Buying a Home at Pre-Foreclosure
- 05/24/10 05:12 PM
How to Buy a Waltham, Massachusetts Short Sale As a home buyer looking for value in the purchase of real estate you may consider a "short sale" as a viable option. The process of finding and buying a Waltham, MA short sale is not a typical real estate transaction. To have success, you must work with qualified professionals and understand the process. Utilize the services of Realtors, attorneys, accountants, mortgage lenders and home inspectors as they all provide expert advice. What is a Short Sale? Homeowners that have financial hardships may pursue a short sale prior to foreclosure. This process may … (3 comments)
waltham ma short sales: Waltham MA Foreclosures, Short Sales and Banked Owned Homes for Sale
- 03/01/10 07:39 AM
Waltham, Massachusetts Foreclosures, Short Sales and Bank Owned Real Estate Purchasing property at a Waltham, MA foreclosure auction has many risks to a potential buyer and in most cases the bank will bid and take possession of the property at the auction. The property is then referred to as bank owned, REO (real estate owned) or foreclosed property. A home owner may attempt a "short sale" whereby the bank agrees to accept less than the mortgage balance based on the owner's hardship and financial status. Obtaining approval can be a long and difficult process. Additionally, there is no assurance that the … (0 comments)
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