Short Sale
Short Sale Approval Not Possible With Lender
Some lenders are harder to get to approve a short sale. If you are having trouble, here are some ways to get your short sale approved. Q: I own a home, but I bought another home with my boyfriend. I …
Short Sale Option or Strategic Default
You’re underwater on your mortgage, should you try a short sale of your home or should you walk away in a strategic default and risk a deficiency judgment? Q: My daughter is in an interest-only loan with a 30-year term. …
Short Sale vs. Foreclosure Process
The choice might be to buy a home during a short sale, while in foreclosure or once the bank owns the home as an REO; each of these has its pros and cons in the home buying process. Q: I …
Buying a Foreclosed Or Short Sale Home
Buying a foreclosed or short sale home when you are downsizing. Q: We would like to down-size and are looking at a community with a lot of short-sales and foreclosures. Is there anyway to lessen the expected protracted period of …
Short Sale Fraud In The Sale Of Home
Short sale fraud is possible when a seller decides to sell his home with the intent to keep it for himself by using a quitclaim deed. Q: My brother is in foreclosure on his house. He is trying to get …
Short Sale Appraisal Process May Be Required By Lender
Q: We are closing on a house next week. It’s a short sale in a nice neighborhood at a huge discount. All the papers are in order. The deal went smoothly but took 8 weeks. The seller’s bank wants a …
Short Sales Make Great Second Homes
With housing values continuing to fall and mortgage interest rates at record lows, this has to be the best time in decades to buy a property – if you have the cash and credit to get to the closing table. …
Short Sale Price Negotiation Between Homeowner and Lender
Q: Will my mortgage company set the price for the amount they will accept for a short sale? And, will that number include the fee for a Realtor to help sell it? A: You have asked an interesting question and …
Underwater on Mortgage, Lower Price or Allow Foreclosure?
Q: My husband, our two-year old daughter and I have been living in a home for a year. We used to live in a high rise condo in a nearby city, and that property has been up for sale for …
Want to Buy a Short Sale? Be Prepared to Engage with the Short Seller
This Week’s Segment with Mark Teytel: Foreclosure and Short Sale Expert GetOutStartOver.com Brett called into the show this week while driving around looking at houses. He found a short sale he likes. The neighborhood is perfect. The only problem is …
