short sale: How a Short Sale Expert Realtor can help you Save Your Credit Rating
- 09/16/10 11:54 AM
When it comes to something as important as negotiating a short sale, you should never attempt it on your own. There is just too much at stake. If you are refused and your home goes into foreclosure you could end up with a black mark on your credit reports that will last ten years. If you succeed, you can get new credit within two years and a FHA loan immediately if you have stayed up to date on your current mortgage payments. With that much on the line you need to hire a short sale expert realtor to help you negotiate … (0 comments)
short sale: Weighing the Pros and Cons of a Short Sale
- 09/16/10 11:51 AM
A short sale is an option to foreclosure that many Americans are taking advantage of today as their mortgages adjust to outrageous rates that they simply cannot afford. The amounts of their payments go up and the value of their home goes down, leaving many homeowners upside down on properties they had high hopes for. To complicate matters further, unemployment is at an all-time high and many are finding themselves without the ways and means to make their mortgage payments. A short sale is an option where you can go to the mortgage holding bank or lending institution and ask for … (0 comments)
short sale: How a Short Sale Expert Realtor can help you Save Your Credit Rating
- 09/16/10 11:32 AM
When it comes to something as important as negotiating a short sale, you should never attempt it on your own. There is just too much at stake. If you are refused and your home goes into foreclosure you could end up with a black mark on your credit reports that will last ten years. If you succeed, you can get new credit within two years and a FHA loan immediately if you have stayed up to date on your current mortgage payments. With that much on the line you need to hire a short sale expert realtor to help you negotiate … (0 comments)
short sale: Short Sale - Tips on paying mortgage and HOA fees
- 10/07/09 06:05 AM
Short Sale - Tips on paying mortgage and HOA fees. One of the questions I frequently get with clients that are looking at doing a short sale on their home, is - Should I continue with paying my mortgage payments, and what about my HOA fees?
Short sale tip #1, If you plan on doing a short sale, missing a mortgage payment is not a directive an agent should give you so you can pursue a short sale. That decision is the homeowner's decision, based on your financial position, and/or guidance from a tax consultant or attorney. It is not neccessarily true that … (3 comments)
short sale: When Does A Short Sale Become Attractive?
- 10/04/09 01:40 PM
When does a short sale become attractive? Most of my clients (including me) prefer to make offers on homes that are not short sales. REO's and traditional sales are so much more attractive . . . sometimes.
I have had to change my strategy in purchasing homes for clients buying under $400,000 in North County San Diego. The reason? Too much competition and multiple bids pushing prices way up! After writing countless offers and having them rejected because the price went 25% over listed price, we had to start looking at other strategies. The fact is that short sales are … (0 comments)
short sale: 7 Things Your Agent Should NOT Be Telling You About a Short Sale
- 10/02/09 07:01 AM
7 Things Your Agent Should NOT Be Telling You About a Short Sale! In a short sale, a real estate agent is not permitted to give legal or tax advice. But in a short sale presentation to a potential client, it is often done. Here are 7 things your agent should not be telling youabout a short sale:
They shouldn't tell you that lenders aren't pursuing borrowers for deficiency judgements. Maybe to their knowledge they have not heard of it happening, but there is no guarantee that lenders won't pursue borrowers in the future. They shouldn't tell you that a … (1 comments)
When it comes to something as important as negotiating a short sale, you should never attempt it on your own. There is just too much at stake. If you are refused and your home goes into foreclosure you could end up with a black mark on your credit reports that will last ten years. If you succeed, you can get new credit within two years and a FHA loan immediately if you have stayed up to date on your current mortgage payments. With that much on the line you need to hire a short sale expert realtor to help you negotiate … (0 comments)
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