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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. […]

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 […]

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 […]

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 […]

Short Sale Qualifications

Short Sale Qualifications

by Beverly Bird, Demand Media Shorts sales have become a popular option for homeowners who are either in financial distress, or who just want to sell the property so they can move on. The latter won’t qualify you for permission for a short sale from your lender, however. The requirements for qualifying can vary somewhat […]

Qualify to Buy a Short Sale

Qualify to Buy a Short Sale

Home buyer’s guide: how do you qualify to buy a short sale? By Deena Weinberg Contrary to popular belief, not everybody qualifies to buy short sale property. Not only do homeowners need approval from the lender (the bank) to initiate a short sale process, but any offer made by home buyers must be approved by […]

Should You Consider A Short Sale? 8 Short-Sale Myths Vs Facts

Should You Consider A Short Sale? 8 Short-Sale Myths Vs Facts

by Carrie Hazen Should You Consider A Short Sale? If all retention options have been exhausted or are not possible, a short sale is a good alternative to foreclosure that allows distressed homeowners to gracefully leave their home and transition to more affordable housing. It’s also typically less damaging to a borrower’s credit report than […]

Short Sale of Your Home: Is It Right for You?

Short Sale of Your Home: Is It Right for You?

by: Amy Loftsgordon, Contributing Editor A short sale may be the answer to your mortgage problems. Here’s what you need to know. Having trouble paying your mortgage? You may have heard that a short sale is the answer to your problems. A short sale is a sale of a property where the proceeds of the sale […]

Short Sale Qualify

Short Sale Qualify

Learn Quickly And Easily If You Qualify For A Real Estate Short Sale! Complete this 1 Minute Quick Qualifier, designed by an expert, and discover in less than a minute if you qualify for a short sale.   Do you currently owe your lender(s) more than your home is worth? Yes No Not Sure Are […]