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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 […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

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 […]

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