short sales: Fannie Mae Policy Changes - impact of Foreclosure and Short Sales on your credit
- 01/28/09 03:22 PM
Yesterday, I wrote a post talking about 5 tips when considering the short sale of your home. The post was written after a local home owner, wanting to move back to their old home state, considered a short sale or even allowing their home to go back to the bank via foreclosure.This homeowner never mentioned hardship or an inability to re-pay his loan. He merely wanted *out* of his current home.I've given this some thought over the last few days - I'm not sure why this home owner thinks a short sale or a foreclosure is an easy answer. Perhaps the … (1 comments)
short sales: Short Sales: What should my hardship letter say?
- 01/27/09 02:31 PM
Once we start talking about Short Sales, there are many questions that pop up. The number one question I receive and that I talk about: What is Hardship? and then, What should a hardship letter say? Broker Bryant, a real estate professional in Florida, does an excellent job of talking about what a hardship letter should say - and in the process, answers the first question, what is hardship? I especially like his tip on "What have you done to try and overcome your hardship?" Be specific. If you're in or near Poinciana Florida give Broker Bryant a call. If you're … (0 comments)
short sales: 5 tips to remember when thinking about a Short Sale
- 01/27/09 01:19 PM
A day doesn't go by that I don't see a media report, hear a radio clip or read an Internet story regarding foreclosures and short sales. So far, in Laclede, Webster, Wright and Dallas County in Missouri (four main counties that I serve), foreclosure properties, bank owned homes and short sales are not driving our market. Real estate agents, Sellers and Buyers in the area know that could change any day. Needless to say, I hope our market does not see the day when we are listing and selling more foreclosures and short sales than we are traditional transactions. But that doesn't relieve … (4 comments)
Yesterday, I wrote a post talking about 5 tips when considering the short sale of your home. The post was written after a local home owner, wanting to move back to their old home state, considered a short sale or even allowing their home to go back to the bank via foreclosure.This homeowner never mentioned hardship or an inability to re-pay his loan. He merely wanted *out* of his current home.I've given this some thought over the last few days - I'm not sure why this home owner thinks a short sale or a foreclosure is an easy answer. Perhaps the … (1 comments)
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