short sale: Qualifying for a short sale-By Los Angeles Short Sale Agents Munson Realty
- 03/15/12 08:32 AM
Qualifying for a short sale Your lender does not want to foreclose on your home, and neither do you! They would much rather have you stay in your home and continue making your payments, or have you sell it and get it off their books, even if it requires them taking a financial loss. Remember, banks are in the lending business, not the real estate business! If you can’t find a way to stay in your home through a loan modification or other means, then a short sale is your next best option. But before you call your local … (8 comments)
short sale: Welcome to Munson Realty's Los Angeles Real Estate Blog
- 12/04/11 05:13 PM
Short Sale FAQs-by Los Angels Short Sale Agents Munson Realty Short Sale FAQs- There is no longer the same stigmas that use to be associated with short selling a home. A short sale can be a good solution for homeowners who need to sell, but owe more on their mortgage than the home is worth. In the past, it was rare for a bank or lender to accept a short sale, but now short sales comprise a huge portion of today’s housing inventory. If you’re considering avoiding foreclosure by way of a short sale, you need the facts and you need … (2 comments)
Short Sale Hardship-by Los Angeles Short Sale Agents Munson Realty Short Sale Hardship-In a traditional short sale where there is a true ”hardship” for the underwater homeowner, the bank will often ask for a “hardship letter” explaining the homeowners case for “short sale hardship”. A short sale hardship can include: loss of job, sky rocketing interest rates and various other reasons. In this video we describe short sale hardship and we answer the question: Is it always necessary to have a true hardship for a short sale? … (1 comments)
short sale: What is a short sale hardship? By Pasadena short sale agents
- 10/13/11 02:00 AM
What is a short sale hardship? By Pasadena short sale agents Munson Realty Short Sale Hardship-In a traditional short sale where there is a true ”hardship” for the underwater homeowner, the bank will often ask for a “hardship letter” explaining the homeowners case for “short sale hardship”. A short sale hardship can include: Loss of job Sky rocketing interest rate Death or illness in the family Divorce Loss of business In this video Munson Realty, Pasadena short sale agents describe short sale hardship and we answer the question: Is it always necessary to have a true hardship for a short sale? You may be … (5 comments)
short sale: Short Sale vs Foreclosure-by Los Angeles short sale agents Munson Realty
- 09/27/11 04:56 AM
Short Sale vs Foreclosure- by Los Angeles short sale agents Munson Realty It’s no “news flash” that many homeowners are underwater and desperate for relief. They are experiencing hardships such as job loss, death or illness in the family or frankly their adjustable loan rates have spiraled out of control leaving them very few options. In most cases those options are to walk away and allow the bank to “foreclose” on their property or to “short sale” for a faster credit recovery. In this video, Los Angeles short sale agent, Stephen Munson discusses the main differences between a Foreclosure and a … (3 comments)
short sale: Short Sale vs Foreclosure-by Pasadena short sale agents Munson Realty
- 09/27/11 04:52 AM
Short Sale vs Foreclosure By Pasadena Short Sale Agents, Munson Realty Short Sale vs Foreclosure-by Pasadena short sale agents Munson Realty- It’s no “news flash” that many homeowners are underwater and desperate for relief. They are experiencing hardships such as job loss, death or illness in the family or frankly their adjustable loan rates have spiraled out of control leaving them very few options. In most cases those options are to walk away and allow the bank to “foreclose” on their property or to “short sale” for a faster credit recovery. In this video, Pasadena short sale agent Stephen Munson discusses the main … (2 comments)
short sale: What Is A Strategic Short Sale? By Los Angeles Short Sale Agents, Munson Realty
- 09/27/11 04:50 AM
What Is A Strategic Short Sale? By Los Angeles Short Sale Agents, Munson Realty What is a Strategic Short sale? Traditionally an underwater seller must prove some sort of hardship like job loss, death of a spouse, illness or some other unfortunate circumstance to qualify for a short sale. But what about those who have no real hardship but have seen the value of their properties plummet…and as pure business decision want out? Enter the “Strategic Short Sale”… in this video exert, Los Angeles short sale agent Stephen Munson of Munson Realty explains “What is a strategic short sale”- Even though some … (2 comments)
short sale: What Is A Strategic Short Sale? By Pasadena Short Sale Agents
- 09/22/11 02:05 AM
What Is A Strategic Short Sale? By Pasadena Short Sale Agents, Munson Realty What is a Strategic Short sale? Traditionally an underwater seller must prove some sort of hardship like job loss, death of a spouse, illness or some other unfortunate circumstance to qualify for a short sale. But what about those who have no real hardship but have seen the value of their properties plummet…and as pure business decision want out? Enter the “Strategic Short Sale”… in this video exert, Pasadena short sale agent Stephen Munson of Munson Realty explains “What is a strategic short sale”- Even though some homeowners can … (3 comments)
short sale: What is a short sale? By Los Angeles Short Sale Agents Munson Realty
- 09/19/11 03:46 AM
What is a short sale? By Los Angeles Short Sale Agents Munson Realty What is a Short Sale-A short sale can be a good solution for homeowners who need to sell, but owe more on their mortgage than the home is worth. In the past, it was rare for a bank or lender to accept a short sale. In this Video, here this Los Angeles short sale Agents definition of “what is a short sale ?”
short sale: Short Sale FAQs-by Los Angels Short Sale Agents Munson Realty
- 09/19/11 03:44 AM
Short Sale FAQs-by Los Angels Short Sale Agents Munson Realty Short Sale FAQs- There is no longer the same stigmas that use to be associated with short selling a home. A short sale can be a good solution for homeowners who need to sell, but owe more on their mortgage than the home is worth. In the past, it was rare for a bank or lender to accept a short sale, but now short sales comprise a huge portion of today’s housing inventory. If you’re considering avoiding foreclosure by way of a short sale, you need the facts and you … (2 comments)
Short Sale Hardship-by Los Angeles Short Sale Agents Munson Realty Short Sale Hardship-In a traditional short sale where there is a true ”hardship” for the underwater homeowner, the bank will often ask for a “hardship letter” explaining the homeowners case for “short sale hardship”. A short sale hardship can include: loss of job, sky rocketing interest rates and various other reasons. In this video we describe short sale hardship and we answer the question: Is it always necessary to have a true hardship for a short … (1 comments)
short sale: Short Sale FAQ's by Pasadena Short Sale Agents Munson Realty
- 09/19/11 03:30 AM
Short Sale FAQ's by Pasadena Short Sale Agents Munson Realty Short Sale FAQs- There is no longer the same stigmas that use to be associated with short selling a home. A short sale can be a good solution for homeowners who need to sell, but owe more on their mortgage than the home is worth. In the past, it was rare for a bank or lender to accept a short sale, but now short sales comprise a huge portion of today’s housing inventory. If you’re considering avoiding foreclosure by way of a short sale, you need the facts and … (1 comments)
FHA approved Condos-Finding FHA approved condos and townhomes in Los Angeles is no easy task for the Los Angeles first time home buyer. Why is that? Because condos or townhomes must meet FHA property guidelines: structurally sound, HOA has plenty of cash reserves, no lawsuits against the building, higher ration of owners vs. renters. Not only that, but the entire building MUST be FHA approved. How do you know if the building or complex is FHA approved? Often times you don’t. Certainly the average buyer will not have this information. Even Realtors … (2 comments)
Will a lender consider a short sale if you are current on your payments? by Pasadena short sales We use to say you had to be behind on your payments in order for the bank to consider a short sale. But not any more. Now days many lenders will consider aShort Sale offer on loans that are not delinquent. It used to be the case that an underwater seller had to prove some sort of hardship like job loss, death of a spouse, illness or some other unfortunate circumstance to qualify for a short sale. But now those who have no real … (7 comments)
short sale: Should I short sale?
- 08/24/11 03:38 AM
Should I short sale? Should I short sale? This is a question on top of the minds of many homeowners that are in over their heads in debt and their properties are no longer worth what they owe on their home. Here are some questions I ask sellers when they ask me: Should I short sale? Do you want to avoid foreclosure? Have you lost your job or seen a significant reduction in your pay? Do you have any medical conditions that are preventing you from working or creating a financial burden? Is the interest rate on your loan ballooning and … (2 comments)
short sale: Pasadena Short Sales FAQ s
- 08/24/11 03:34 AM
Pasadena Short Sales FAQ s Pasadena Short Sales FAQ- 1-What is a Short Sale? A short sale is when the sale of a homes net proceeds do not fully pay off the existing mortgage loan(s) and the Lender is willing to accept a discounted payoff. The closing costs that are typically paid by the Seller are paid out of the proceeds from the sale, including but not limited to, commissions, escrow and title fees and any negotiated Buyer’s cost. Your home is sold and you avoid foreclosure. Pasadena Short Sales FAQ- 2-Why would my lender accept less than what is owed on my … (3 comments)
short sale: How to short sale
- 08/24/11 03:30 AM
How to short sale How to short sale your home. While a Short Sale is and excellent option for home owners that want to avoid foreclosure, it is by no means a “short” process nor is it something that can be done by yourself. You must enlist the expertise of a short sale listing agent. Why is that? The lender who holds the loan on the property will require that you list with a Realtor or the short sale will not be processed. Lenders do not will allow sellers to represent themselves in a short sale, the liability is way too high. Ashort sale real estate … (2 comments)
short sale: SB 458-Excellent news for California homeowners who must short sale their home
- 08/24/11 03:27 AM
SB 458 SB 458-Excellent news for California homeowners who must short sale their home Kudos to California Governor Jerry Brown for signingSB 458 (Corbett) into law protecting California homeowners who must short sale their home from lenders pursuing them after the short sale closes. What does SB 458 mean for you California homeowner? In the past… Under previous law (SB 931 of 2010), while a first mortgage holder (if you have two loans, this is usually the larger of the two) may accept a short sale as full payment for the outstanding balance of the loan, the rule did not apply to junior lien holders (the … (1 comments)
Qualifying for a short sale 
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