Real Estate Short Sales

RSS Short Sales

  • Check Out Real Estate Sales In Merritt Island
    There were 40 foreclosures and 8 short sales. Bobby Freeman, a life-time resident of Brevard ... Together they have more than 30 years of extensive experience in all aspects of the real estate industry and have sold over $200 million.
  • Real estate associations beef up oversight after RGJ investigation
    Following a Reno Gazette-Journal investigation earlier this year on questionable short sale practices in Northern Nevada ... hotline for consumers and as well as a committee to assist real estate agents who have a grievance against members who are abusing ...
  • Short sales have legal and credit consequences
    ... and/or short sale addendum should include several provisions regarding the terms and conditions for your short sale transaction. In a real estate “short sale” transaction the seller’s lender(s) must agree to reduce their existing loan balances ...
Real Estate Short Sales

RSS Commercial Real Estate

Breaking News

RSS New Home Builders

  • Celebrate the New Year in an upscale Chapel Hill home
    Make this holiday season one to truly remember with the gift of a new home in the upscale and affordable community of Chapel Hill. Low interest rates and a large selection of houses by the area’s top builders make this the perfect time of year to find th ...
  • Home Builders Association of Mississippi names officers
    He has been a member of the Home Builders Association for eight years. On the national level, Ray serves on the board of directors, membership committee and associates committee for NAHB. Recently, he assisted on lobbying efforts for the new Mississippi ...
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

  • Real Estate Finance/Services $
    click here to place a free general merchandise classified ad on or to put a paid ad in both The Arizona Republic and on! Advertise in The Arizona Republic and on and reach more than a million local shoppers each week!
  • All Star Agent Network Connecting Real Estate Referrals All Over the United States
    Lori Ballen’s real estate referral network, known as the All Star Agent Network ... Sylvia Gaffney, All Star Agent in Palm Desert California was connected with Andrew from Glendale, Arizona for his client looking to sell his home in Palm Desert.