cdpe: Who Pays The Commission On A Short Sale?
- 01/05/12 01:14 PM
Who Pays My Agent When I Short Sell My Home? Because a short sale usually comes about in a financially trying time, the standard realty fees can be a concern. But the homeowner need not worry about the financial strain of short selling his or her home. When the lender agrees to the short sale, the real estate agent begins to market the home to potential buyers. At this point, the homeowner is only required to allow potential buyers view the home. There is no cost to the homeowner. When the home is sold, the commissions are paid from the … (3 comments)
cdpe: Need Help Stopping Your Foreclosure?
- 11/14/11 12:48 PM
There are many ways that unforeseen hardships can turn the joy of owning a home into an incredible burden. Maybe you've lost your job, or have unexpected medical bills beginning to pile up, or your monthly mortgage payments have increased beyond your current budget. No matter what the cause of your troubles, ignoring the problem won't help, it will only make it worse. You must act quickly to resolve the issue. The following are a few examples of how to stop a foreclosure on your home: Look for Other Sources - Most homeowners don't realize they have a variety of … (3 comments)
cdpe: What Is HAFA? Do You Qualify For A HAFA Short Sale?
- 07/07/11 03:06 PM
I'm sure you have all heard of HAFA, but do you know what it is? Hafa, or the Home Affordable Foreclosure Alternatives Program is a government sponsored initiative to aid eligible homeowners by pre-approving short sales before listing and releasing them from future liability of mortgage debt. HAFA was launched April 5, 2010 and pertains to 1st lien Non-GSE mortgages ( loans owned or guaranteed by Fannie Mae or Freddie Mac do not qualify under HAFA in it’s current state ). HAFA provides financial incentives for borrowers, servicers and investors and uses standardized processes, documents and timeframes to quickly and effectively implement a … (3 comments)
What are the differences between foreclosure and short sale? First of all, a homeowner who loses a home to foreclosure is ineligible for a Fannie Mae backed mortgage for a period of 5 years. However,a homeowner who successfully negotiates and closes a short sale will be eligible for a Fannie Mae-backed mortgage after only 2 years. That is a big difference for most people. Another difference is on any future 1003 application (loan application), a prospective borrower will have to answer YES to question C in Section VIII of the standard 1003 that asks "Have you had property … (7 comments)
cdpe: Owe More On Your Home Than It Is Worth? Facing Foreclosure?
- 06/02/11 02:22 AM
Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales.
A short sale is when a homeowner owes more on their property than it is currently worth, and then they hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship … (8 comments)
cdpe: Need Help Navigating An Unstable And Confusing Real Estate Market?
- 05/31/11 01:25 PM
As a Certified Distressed Property Expert® (CDPE) we have a thorough understanding of complex issues in today’s real estate industry and knowledge of the foreclosure avoidance options available to homeowners. We can provide solutions, specifically help with short sales, for homeowners facing hardships in today’s real estate market. Unfortunately, homeowners regularly proceed through the through the often financially and emotionally devastating prospect of foreclosure without guidance . Instead of going it alone, give us a call today. We are well-informed, licensed real estate professionals and can assist you with the best course of action. Through comprehensive training and experience, we … (0 comments)
cdpe: Beware of Loan Modification Scams
- 05/23/11 02:34 PM
Millions of Americans are now facing foreclosure, therefore scam artists are devising plans to rip off unsuspecting homeowners. The Federal Bureau of Investigation, the Office of Housing and Urban Development, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the FDIC, the United States Justice Department and numerous state Attorneys General encourage people to be aware of loan modification and foreclosure prevention scams. If a mortgage modification / foreclosure prevention company is asking you to pay up front fees, IT IS A SCAM! This has been outlawed in many states, and state legislatures have passed laws to … (6 comments)
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Who Pays My Agent When I Short Sell My Home? 
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