mortgage advice: What Is A Short Sale? - 12/20/18 09:44 AM
What is a short sale in real estate, and how can you take advantage of it when buying a home?
This term refers to the process of selling a property for less than its mortgage value. It serves as an easier alternative when facing foreclosure, because it spares the homeowner from loan payments  and allows creditors to recover at least part of  the money that was owed to them.
If you're looking for a great deal that would save you some money,  you may want to consider buying a short sale home. Not a lot of people understand how this type of transaction works, so … (2 comments)

mortgage advice: Questions For You Mortgage Brokers Out There! Is This The Luck of The Draw? - 03/21/08 08:46 AM
Have any of you done a loan for a customer who has been through a short sale? 
Have any of you seen a credit report of someone who has already been through a short sale?
I am not talking about the ones in foreclosure, that is obvious their credit will reflect the foreclosure, I am talking about those who have no foreclosure filed against their credit.  
Does anyone know exactly if there are specific guidelines set for those who have a short sale on their record with getting an FHA loan and a conventional loan? 
I went on the FHA guidelines on line and … (24 comments)

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