Real Estate Short Sales

RSS Short Sales

  • 7 Real Estate Pitfalls That Could Cost You A Sale
    Maybe values have started to drop a tad. Or maybe you’re getting transferred and you have to sell – and find something new in your future city – in what seems like an impossibly short amount of time.
  • Southwest Florida real estate briefs
    the best way to buy/sell real estate in today's market; what is the true value of a home; how appraisals affect your sale. Learn how to buy short sales, save on homeowners insurance, foreclosures and bank-owned properties, content of all real estate ...
  • Local Real Estate Broker Disrupts Homes For Sale in Sacramento Ca Area Market
    Watch this short video on the program here: In a different approach to selling homes by launching its new Certified Pre-Owned Home Program, Williams Landmark Real Estate, a Real Estate Brokerage in Sacramento, CA has decided it ...
Real Estate Short Sales

RSS Commercial Real Estate

Breaking News

RSS New Home Builders

  • New owners love museum-like features in historic Roswell home
    Then when builder FrontDoor Communities renovated and modernized ... and is on the property that FrontDoor purchased for its new Goulding community. While the home is a private residence, it’s the focal point of the neighborhood and has attracted people ...
  • Seven new Lennar Seattle communities now selling
    “We are proud to be building exceptional homes for a tremendous value,” said Bill Salvesen, Vice President for Lennar Northwest. “With these new communities opening we are able to build over 370 new homes, helping improve the low-inventory and ...
If you owe more on your mortgage than the fair market value of your home and want to sell it for what ever reason, then you must short sale.

Your mortgage lender may, but is not obliged, to agree to accept a mortgage payoff that falls short of the balance that is owed originally. In other words, a bank agrees to accept less than what is owed on a borrower’s mortgage

A short sale does not always make the remaining balance due “disappear” unless specifically agreed to by the lender. In the past and in some states, the borrowers could remain legally and financially responsible for the balance amount. However, a foreclosure can be avoided through the short sale process, which is the primary goal so that the borrower’s credit is not as severely damaged as it would be through a foreclosure.

If a foreclosure is imminent, a short sale can help soften the blow and give the home owner more time to straighten out their finances and personal credit.

A foreclosure can put a serious black mark on a person’s credit. It’s a forever thing. If you go the foreclosure route and wanted to buy another property, you must disclose to the lender on your loan application, every time, forever. The stress that the foreclosure process can cause, most homeowners are willing to consider just about any alternative. The worst thing that a homeowner can do is nothing at all. By being proactive, a borrower can often find viable alternatives to foreclosure and a short sale is one of the most popular and realistic options because for those who are facing the prospect of a foreclosure, a short sale might be the right option. Loan modification may not be the best option either when facing foreclosure for most people because of the mere fact they are upside down on their mortgage.

Real Estate Short Sales
Real Estate Short Sales
There are many types of loans that are secured by real property. These may be purchase loans, refinanced loans, home equity loans, or one of the various other types of loans. The type of loan and type of property will determine what remedies a lender may have if the homeowner fails to make the agreed upon payments. The available remedies, the homeowner’s overall current or potential future financial strength, the lender’s cost in acquiring the loan and any shared loss or similar agreement if the loan was acquired by purchase or merger, are some of the many factors that the lender may consider in deciding how to proceed when a loan is in default.

California Real Estate

California Forclosures

Debra Gruszecki reporting California and an Inland region rocked by mortgage distress failed to make the Top 10 list of places with the most foreclosures in March…

Florida Real Estate

Speed Up Florida Foreclosures

Florida’s Senate Banking and Insurance Committee this week approved legislation that would speed up the state’s foreclosure process, a move that would remove some protections for homeowners…

Georgia Real Estate

Georigia Foreclosures

Douglas County is no longer the foreclosure capital of Georgia according to Ron Daniel article. After two straight months at No. 1, Douglas County dropped to eighth…

Illinois Real Estate

Illinois Foreclosures

Foreclosure activity in Illinois slipped 2 percent in the first quarter from the previous quarter and fell 4.5 percent from a year ago, but the state’s foreclosure…

Maryland Real Estate

Maryland foreclosures

Old Town Manassas, once the face of the Washington region’s foreclosure crisis, is now enjoying a resurgent housing market despite the weak economy. Taylor Holland article continues…

RSS Other Real Estate News

  • Former Arizona Gov. Jan Brewer: Hispanic Dems ‘Don’t Get Out And Vote’
    “Donald Trump is going to secure the border and that is a very important issue in Arizona.” Brewer was an early supporter of the real estate mogul who has praised his disparaging comments about Latinos. After the real estate mogul made his infamous ...
  • LGE, Revelation Real Estate team up on $5M project
    LGE Design Build broke ground today on a massive $5 million mixed-use project for Revelation Real Estate in Chandler. Revelation Real Estate sets the gold standard when it comes to offering top-notch residential properties and employing the Valley’s most ...