short sale agent: 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 agent: 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 agent: Avoid Foreclosure and See if you Qualify for a Short Sale
- 09/16/10 11:47 AM
You do not have to lose your home and you don’t have to take the ten year hit on your credit report that a foreclosure will bring you. Shorts sales are one of the options to foreclosure that you may be eligible for if your bank agrees to let you do it. It involves selling your home for less than what you owe on it, a common practice today for those who bought homes when they were going up in value and watched them plummet as the bottom fell out of the housing market. The property values are rebounding now but … (0 comments)
short sale agent: Do You Qualify for a Short Sale to Avoid Foreclosure?
- 09/16/10 11:42 AM
Not everyone can qualify for a short sale, but banks do generally look for ways to help homeowners get out from under and avoid foreclosure. The high number of foreclosed properties in the past eighteen months alone has left lending institutions in a position where they need to negotiate with you. The properties themselves don’t do them any good so if they can get even some money back on a loan that is going into default they will be happy to do so. With that said, there are guidelines that need to be followed. The most common questions asked refer to … (0 comments)
short sale agent: Short Sale Help to Sell My Home
- 09/16/10 11:37 AM
By now you have most likely heard of the option of a short sale to get you out from under that high interest mortgage that is drowning you financially month after month. Assuredly it sounds like a great idea to sell for a percentage of what you owe on your home and have the bank forgive the remaining portion of your debt after the sale is concluded. It sounds too good to be true but you know that there are thousands of homeowners out there doing it, so why not you? Do you know how to approach your bank and act … (0 comments)
short sale agent: 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 agent: Leave the Negotiations for a Short Sale in the Hands of an Expert
- 09/16/10 11:26 AM
If you’re in a hospital operating room watching the surgeon perform an operation, are you going to interrupt him every few minutes to tell him what you think he should do? Hopefully you wouldn’t. You are doing the same thing if you stop your short sale negotiators by interjecting your opinion while they are doing their job negotiating an arrangement with the bank. All of your questions and opinions need to come out before you walk in to make the deal. When at the lending office you need to present a united front and project a sense of conviction if you’re … (0 comments)
short sale agent: Obtaining New Credit and IRS Consequences after a Short Sale
- 09/16/10 11:23 AM
Two of the most important questions you can ask when you are involved in a short sale are whether you’ll have any tax liabilities and when you can get credit again. The inquiries about IRS consequences short sales can create should be presented to a financial professional like your CPA. It is possible that since a portion of the original debt is being forgiven that it may now count as income. This is something that should be discussed between you and your accountant. As far as credit is concerned, your credit report after a short sale is concluded will only show … (0 comments)
short sale agent: The Benefits of Working with a Certified Short Sales Professional
- 09/16/10 11:20 AM
If you’ve never been in a position of needing a short sale arrangement from your bank before then you may not appreciate the ease with which a certified short sale professional can conduct the negotiations for you. If you’re interested in finding out you could try handling the arrangements yourself. Most homeowners who try that find themselves quickly up against a brick wall and end up believing that a short sale is not an option. You can avoid all that by just letting a pro do the job for you. A short sale is almost always an option for those who … (2 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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