August 12, 2011

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Short Sale Homes

In this article we will touch on a couple things regarding short sale homes. Some may be looking for information about buying a short sale while others may be looking for information about the condition of short sale homes. First we will talk about buying a short sale; this will be short because we recently [...]

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August 9, 2011

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Short Sale Definition

So you’ve heard the term ‘short sale’ but you aren’t exatcly sure what a short sale consists of. Well we are happy to explain the short sale definition for you today. Short sale is a rel estate term for when the homeowners sells their home for a loss. This requires negotiating with your lender because [...]

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August 8, 2011

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Buying A Short Sale

If you are interested in buying a short sale then be prepared for a potentially very long wait with lots of little issues to contend with. The term short sale is a bit of a misnomer because in reality nothing is short about a short sale. So what are some things to keep in mind [...]

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July 24, 2011

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Writing A Short Sale Hardship Letter

When approaching your lender about listing your home in a short sale you will always be required to submit a hardship letter. Suffering a hardship is one of the qualifiers lenders use to determine if they will allow you to sell via a short sale. So what qualifies as a hardship? They are typically life [...]

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April 13, 2011

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Short Sale Vs Foreclosure

If you find yourself in the position of having to decide between letting your lender foreclose on your home or attempting to sell in a short sale, below are some pros and cons for each option. A short sale is a great idea in the current real estate market. Foreclosure This is a legal process [...]

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April 7, 2011

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Is A Short Sale Still a Good Idea?

I get asked all the time about the short sale process. Is it a good idea? How bad does it damage your credit? Why does it take so long? While the process can be extremely length at times, overall it is still a good idea for those in a specific situation. We all know that [...]

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April 5, 2011

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Information About Short Sales

If you are unsure about what a short sale is I will help you understand. In a short sale you are selling your house for less than its current market value. You will not make any money from selling your home. In this process your lender will forgive a portion of your debt. You may [...]

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April 2, 2011

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Is A ‘Short Sale’ A Good Idea?

If you find yourself upside down on your mortgage due to unforseen circumstances in this terrible housing market you should look into a short sale. A short sale allows you to sell your house for a loss and before the downturn in the housing market banks would rather foreclose. Your lender would have to agree [...]

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