short sale: An Alternative to Foreclosure
- 01/24/09 12:40 AM
Lenders in the current evironment in most instances are approving "Short Sales." A "Short Sale" is when the lender allows a homeowner to sell a property for less than the existing values of the loans against it, forgiving the difference. As the number of homeowners in default on their mortgages began to rise over the last few years, troubled homeowners are now resorting to negotiating with lenders to take less than full payoff on their mortgage at closing.... and are getting the banks to go along with them. The problem with "Short Sales" is that often they take significantly longer than … (0 comments)
short sale: Short Sale Frequently Asked Questions
- 01/24/09 12:39 AM
What is a "Short Sale"? A short sale is when a homeowner owes more than the property is currently worth at market rate. The bank(s) holding the trust deed(s) negotiate with the homeowner and accept a lesser amount than is owed, hence they are "short". (also referred to commonly as "upside down") What are the basics in a short sale transaction? A typical short sale involves many steps that are transparent to the buyer, but can take significant time. Approval of a short sale is dependent upon an agent representing the seller submitting a complete short sale package. That package contains … (0 comments)
short sale: Lake Arrowhead- Short Sale Assistance
- 04/21/08 11:41 AM
Coldwell Banker Sky Ridge Realty has developed a program to assist homeowners struggling with the short sale process. For a free recorded message and the opportunity to receive a complimentary copy of our short sale checklist call 888.694.2181 and press extension 5 when prompted. We at Coldwell Banker Sky Ridge Realty understand that the short sale process can be taxing. It is for this reason that we have developed a program to assist consumers "get through it" and "get on with it." The short sale is a very valuable tool being used by borrowers to satisfy a loan that they otherwise would be … (1 comments)
short sale: Short Sale Assistance for Home Owners in Trouble
- 02/14/08 12:53 AM
Coldwell Banker Sky Ridge Realty has rolled out a new program to assist homeowners who may be challenged by mortgage products affecting their ability to meet the obligation. Specially trained member so of our team are on hand and available to assist homeowners evaluate their options to avoid foreclosure and delinquency. Often homeowners wait too long to contact someone for help. The earlier a professional is engaged, more options will be available to assist the homeowner in solving the problem. If you are a homeowner in need of assistance, don't wait, contact our office at 909-336-2131 and ask for the "Home Owner … (0 comments)
Lenders in the current evironment in most instances are approving "Short Sales." A "Short Sale" is when the lender allows a homeowner to sell a property for less than the existing values of the loans against it, forgiving the difference.;)
;)
