short sales: Short Sale Questions and Answers
- 09/13/12 12:14 PM
What is a short sale? A short sale is the sale of real estate (property) where the amount of the sale is less than the amount owed by the borrower to their lender. This is an alternative to foreclosure. Most lenders will require to be considered for a short sale the borrower to show a type of hardship. Examples of a hardship loss of income, divorce, unemployment, medical illness, etc Some lenders now will consider you for a short sale if you are not in default; if you can prove you can no longer pay the loan and will soon … (1 comments)
Are you Struggling to pay your home loan each month?
Do you need to sale but your loan is for more then what the home is worth?
Are you in Foreclosure?
If you answered yes to any of the questions above contact me for a private confidential interview.
As a property owner you have options. I can Help you avoid the financial pain and headache of Foreclosure. Short Sale laws favoring the homeowner are about to expire 12/31/2012. In order to close a short sale by the deadline, Now is the time to take … (1 comments)
short sales: Recent Experience With A Bank of America Short Sale
- 05/16/12 03:12 PM
Short Sale Do Close Quick... A recent experience with a Bank of America Short Sale and I just wanted to share. The Short Sale listed in Dec 7 2011 and on Dec 12, 2011 just 5 days active on the market before going under contract. Documents were gathered and the package was sent out within the first 30 days of listing. The lender reviewed the file and then within 32 days from the date the lender received the package it was approved and ready to close. The whole Short Sale process has completed and the property was sold with the … (1 comments)
short sales: Short Sales are Getting SHORTER.. Horary!!!
- 03/19/12 02:10 PM
Just in New Short Sale Deadlines go into effect. As part of a settlement with state attorneys general, the five largest mortgage servicers are adopting new requirements for short sales, which is expected to speed-up what has been known as a lengthy process. Here’s a glimpse at the new new requirements for servicers under the settlement: · Servicers must provide borrowers with a decision within 30 days after receiving a short sale package request. · Servicer’s will be required to notify a borrower, also within 30 days, if any necessary documents are missing to process the short sale request. · … (8 comments)
short sales: $ Banks Are Now Offering Short Sale Incentives To Homeowners $
- 11/11/11 02:29 PM
Banks are now offering incentive to struggling homeowners to short sale their homes in Florida. Just last month, Bank of America quietly began a Florida-only campaign that gives homeowners up to $20,000 for a short sale rather than letting their homes linger 676 days of the Florida foreclosure process. A few years ago this would never have been consider nonetheless offered to a defaulting homeowners. But, foreclosure have come to cost lenders so much money by way of dropping home values, deteriorated properties and on top of legal fees it is only to their advantage to execute a short sale. … (5 comments)
short sales: Banks are paying borrowers up to $20,000 to execute a short sale.
- 11/11/11 02:10 PM
About 84 percent of Florida foreclosures are more than 18 months in arrears. In January 2010, just 19 percent of Florida’s foreclosures were 24 months or more delinquent. A new report from Jacksonville-based LPS Applied Analytics found that as of September, 56 percent of Florida’s mortgages in foreclosure are 24 months or more behind in payments, compared with 39 percent nationwide.With those stats in mind, banks are trying another option to save time and money, with an incentive, program for defaulting homeowners to "short sale" their homes instead of enduring a foreclosure, which can take years. Last month, Bank of … (1 comments)
short sales: What To Do If Facing A Short Sale...
- 10/03/11 05:13 PM
Here is a short video from the National Association of Realtors with a few quick tips when facing a short sale... Regardless of your situation, there are several options available to you... Contact me for your confidential consultation...
Disclosure: Stephanie Leon with Avanti Way Realty is not associated with the government and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you may lose your home and damage your credit rating. … (0 comments)
short sales: Navigating A Short Sale As A Seller...
- 09/19/11 02:47 PM
Selling your home via a short sale can be a viable option if you are a homeowner facing foreclosure. The process of a short sale can be a bit challenging and frustrating without the proper guidance. For the best results, you should work with Real Estate agent that can guide you successfully through the selling process. Navigating a short sale is complex in nature however; the Seller’s benefits outweigh the complexity. Why Short Sale? When you fall behind on your mortgage payments, or the value of your home is less than the balance owed, a short sale may be … (1 comments)
short sales: Helping Families Short Sale Their Homes
- 09/08/11 02:37 PM
Attention: Homeowners Until the recent downturn in the economy the thought of doing a short sale was unheard of but in today’s world, it’s one of if not the best way to get your family’s financial status back on track. In the past couple of years, banks were reluctant to work with a homeowner to allow a short sale to take place or they made it very difficult creating hesitancy among buyers to go through the process of buying a short sale. That’s changing, banks are now offering aggressive short sale programs with terms, and conditions sellers are seeking, these programs are quickly gaining buyers attention with them placing … (0 comments)
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