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How To Do a Short Sale

How To Do a Short Sale

  Why Would a Lender Accept a Short Sale? By Elizabeth Weintraub A short sale in real estate is not always a pleasant transaction, but short sales have come a long way since 2006, so don’t sell the concept short. There are many ways to lose a home but signing away ownership in a manner that […]

5 tips to ensure your short sale succeeds

5 tips to ensure your short sale succeeds

  By Polyana da Costa of Bankrate.com Short sales have become the only way out for some sellers who owe more on their mortgage than their home is worth. For struggling borrowers, it’s a chance to avoid foreclosure. While helpful, short sales can be stressful and time-consuming, and they may lead to harsh consequences if not done properly. […]

Recovering From a Short Sale

Recovering From a Short Sale

Borrowers who owe more than their homes are worth can sometimes get out from under by negotiating a short sale with their lender. But short-sellers are branded as higher-risk borrowers, so new loans won’t come quickly or easily. A short sale is when a lender agrees to accept less than is owed on a property, […]

SBWire Short Sales vs. Foreclosures

SBWire Short Sales vs. Foreclosures

Freddie Mac says a short sale is the better alternative and has streamlined the process. According to a blog post by Freddie Mac SVP Tracy Mooney on Monday, there are common misperceptions regarding eligibility requirements about short sales that act as a barrier in their use. She is attempting to set the record straight regarding […]

Short Sales on the Decline

Short Sales on the Decline

By LISA PREVOST The expiration of a federal tax exemption for forgiven mortgage debt appears to be scaring borrowers away from pursuing short sales. New data from CoreLogic, a real estate information service, shows a sharp slowdown in short sales for the first two months of the year. After peaking at 9 percent of total […]

SBWire Short Sales vs. Foreclosures

SBWire Short Sales vs. Foreclosures

Freddie Mac says a short sale is the better alternative and has streamlined the process. According to a blog post by Freddie Mac SVP Tracy Mooney on Monday, there are common misperceptions regarding eligibility requirements about short sales that act as a barrier in their use. She is attempting to set the record straight regarding […]

Top 5 Problems With Financing a Short Sale

Top 5 Problems With Financing a Short Sale

How to Get Financing for a Short Sale That Will Close in 30 Days By Elizabeth Weintraub   What makes financing a short sale purchase unique? Plenty. As if short sales weren’t enough of a hassle to buy for most people, the type of financing a buyer uses has a huge impact, for a variety of reasons. If […]

Why Do a Short Sale?

Why Do a Short Sale?

By Elizabeth Weintraub Question: Why Do a Short Sale? A reader asks: “My husband says all of our neighbors are doing a short sale so we should, too. I’m not sure he knows what a short sale is. I’m not sure I know what a short sale is or why anybody would do it. But […]

How to Qualify for a Short Sale

How to Qualify for a Short Sale

Short Sale Qualifying Requirements By Elizabeth Weintraub   Short sales is a hot buzz phrase but not every seller qualifies for it. Some sellers who decide that their home won’t sell at the price they had imagined often start to wonder if they should do a short sale. A short sale doesn’t always solve problems, but it most assuredly […]

What Are the Top 10 Frequently Asked Questions About Short Sales?

What Are the Top 10 Frequently Asked Questions About Short Sales?

By Elizabeth Weintraub   Question: What Are the Top 10 Frequently Asked Questions About Short Sales? Your Homebuying Guide, Elizabeth Weintraub, says:“Over the years, I have had the pleasure of working with many sellers and buyers in short sale transactions. While no 2 short sales are identical, the individual transactions share common traits. I have discovered that […]

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