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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 […]

Real Estate Short Sale FAQ

Real Estate Short Sale FAQ

By.zman   Collection of common real estate short sale questions asked by homeowners and agents: What are the homeowner benefits of a short sale? A short sale helps the customer avoid foreclosure and provides a planned exit strategy. The path back to home-ownership is generally shorter from a short sale than from a full foreclosure. […]

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 […]

Buying a Home in a Short Sale: How to Speed It Up

Buying a Home in a Short Sale: How to Speed It Up

By. John Allasio   Buying a home in a short sale is a popular choice with some because you can get a really good deal on a property. But, there can be some hidden pitfalls if you’re not familiar with the process. A short sale isn’t usually short; it can take a lot longer than a normal home […]

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 […]

Top 10 Reasons Why Short Sales Fail

Top 10 Reasons Why Short Sales Fail

Many Short Sales Fail at the Approval Stage By Elizabeth Weintraub Short sales often remind me of Elizabeth Barret Browning. How can a short sale fail? Let me count the ways. A short sale can fail to the depth and breadth and height the soul of a nervous buyer can reach. It’s normal to be fearful that a […]

What Does a Short Sale House Mean?

What Does a Short Sale House Mean?

by Daria Kelly Uhlig, Demand Media Short sale may be a homeowner’s last chance to avoid foreclosure.   The term “short sale” is familiar to most people who watch the news regularly. Stories about the “mortgage meltdown” and the “collapse of the housing bubble” often mention short sales, usually in relation to homeowners who are […]

Why Do Short Sales Take So Long?

Why Do Short Sales Take So Long?

AUTHOR:BRENDON DESIMONE   It’s a question many real estate agents hear from clients: Why do short sales take so long? Despite improving real estate markets, short sales and foreclosure sales will be with us for the foreseeable future. Many homeowners are still underwater, and at any time in the coming years, these folks may face a situation, such as a […]

How to Do a Short Sale

How to Do a Short Sale

by tracycaywood Dealing With The Seller Two of every five homes are behind on their mortgage payments in the U.S.. SOme of them are even facing foreclosure. Homes are upside down on their equity, and they have no exit strategy  The only viable solution for these sellers is a short sale. As a real estate investor […]

Thoughts on the Washington, DC, and Northern Virginia Real Estate Market

Thoughts on the Washington, DC, and Northern Virginia Real Estate Market

Short Sale Statistics   Our local MLS has added a field to specify short sales (though “Undisclosed” is still an option), which makes it a little easier to get a handle on the current state of the market. So where are the short sales in Arlington? As of the date of this post, there are […]

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