Short Sale Articles
Buy a House After Short Sale
Following a short sale, borrowers may find it challenging to obtain mortgage loans at the most advantageous rate.. In some cases, borrowers will be required to put down a larger down payment to compensate for the risk which they present to the lender. At the very least, many loan...
Following a short sale, borrowers may find it challenging to obtain mortgage loans at the most advantageous rate.. In some cases, borrowers will be required to put down a larger down payment to compensate for the risk which they present to the lender. At the very least, many loan...
What is a Short Sale?
A short sale is little more than the lender agreeing with the current home owner to accept an amount that is less than the current outstanding balance of the mortgage.. A short sale is usually a negotiated agreement between a home owner and their lender to discount a loan based on...
A short sale is little more than the lender agreeing with the current home owner to accept an amount that is less than the current outstanding balance of the mortgage.. A short sale is usually a negotiated agreement between a home owner and their lender to discount a loan based on...
How to Write a Short Sale Hardship Letter
When seeking approval for a short sale, borrowers must persuade the lender to accept less than the full amount of the mortgage loan. Often, borrowers present a letter explaining the financial or other hardship which contributed to the necessity of the sale. . While banks...
When seeking approval for a short sale, borrowers must persuade the lender to accept less than the full amount of the mortgage loan. Often, borrowers present a letter explaining the financial or other hardship which contributed to the necessity of the sale. . While banks...
Required Documents for a Short Sale Package
Here is a list of documents generally required by banks for short sale evaluation and approval:. Executed Listing AgreementAn important part of the short sale package is having the required information such as: when the property was put on the market, the name of the...
Here is a list of documents generally required by banks for short sale evaluation and approval:. Executed Listing AgreementAn important part of the short sale package is having the required information such as: when the property was put on the market, the name of the...
Bank Approval of Short Sale
This article will explore the reasons why banks endorse certain short sale transactions and examine some of the common ways in which banks sabotage them.. Bank Interest in Short Sale ApprovalBanks remain in business by earning a profit. Banks may occasionally benefit from...
This article will explore the reasons why banks endorse certain short sale transactions and examine some of the common ways in which banks sabotage them.. Bank Interest in Short Sale ApprovalBanks remain in business by earning a profit. Banks may occasionally benefit from...
How To Get A Home Loan After A Short Sale
If you hope to remain a homeowner after your short sale, you'll need to partner with a qualified mortgage professional for advice. . Mortgage lending today is based on guidelines set out by Fannie Mae, Freddie Mac, and the FHA. If not done properly, a...
If you hope to remain a homeowner after your short sale, you'll need to partner with a qualified mortgage professional for advice. . Mortgage lending today is based on guidelines set out by Fannie Mae, Freddie Mac, and the FHA. If not done properly, a...
Short Sale Denied: Top 5 Obstacles for Short Sale Approval
Before short selling their house, homeowners must negotiate with the bank. Here are the five most common obstacles which result in having a short sale denied:. The Offer Price is Insufficient, and the Short Sale is DeniedBanks will only agree to the sale if they believe the...
Before short selling their house, homeowners must negotiate with the bank. Here are the five most common obstacles which result in having a short sale denied:. The Offer Price is Insufficient, and the Short Sale is DeniedBanks will only agree to the sale if they believe the...
5 Short Sale Buyer Missteps
Short sale buyers should take care when selecting a short sale or foreclosed property, as these homes may not be as good of a deal as they appear. . Here are five common missteps of buyers purchasing short sale properties:. Disregarding Property Shortcomings for Short...
Short sale buyers should take care when selecting a short sale or foreclosed property, as these homes may not be as good of a deal as they appear. . Here are five common missteps of buyers purchasing short sale properties:. Disregarding Property Shortcomings for Short...
5 Tips for Short Sale Success
Select the Right Short Sale AgentBorrowers should choose a real estate agent with ample experience and confidence handling short sales. . Short sales success should not be taken lightly, and homeowners should make sure they are knowledgeable about every step before...
Select the Right Short Sale AgentBorrowers should choose a real estate agent with ample experience and confidence handling short sales. . Short sales success should not be taken lightly, and homeowners should make sure they are knowledgeable about every step before...
Your Cheat Sheet to Short Sale Guidelines
In November 2012, the FHFA announced that both Freddie Mac and Fannie Mae were implementing new short sale guidelines for mortgage servicers. In essence, these updated guidelines fused all existing short sale programs into one unified program. . Under the new...
In November 2012, the FHFA announced that both Freddie Mac and Fannie Mae were implementing new short sale guidelines for mortgage servicers. In essence, these updated guidelines fused all existing short sale programs into one unified program. . Under the new...
How to Avoid Foreclosure
Learn how to avoid foreclosure and save your home or protect your credit rating with this article.. There are two ways to avoid a foreclosure:. 1. Make the outstanding payments.The first real decision you need to make is choosing an option, and it depends on the reason...
Learn how to avoid foreclosure and save your home or protect your credit rating with this article.. There are two ways to avoid a foreclosure:. 1. Make the outstanding payments.The first real decision you need to make is choosing an option, and it depends on the reason...
VA Loan Short Sale Guidelines
VA Loan Short SaleTo counter the difficulties of owning a mortgage while being subject to relocation, the Department of Veteran Affairs (VA) offers guaranteed VA loans. . When VA borrowers undergo a short sale, the transaction is referred to as an “offer in...
VA Loan Short SaleTo counter the difficulties of owning a mortgage while being subject to relocation, the Department of Veteran Affairs (VA) offers guaranteed VA loans. . When VA borrowers undergo a short sale, the transaction is referred to as an “offer in...
Can I get a VA Loan after Short Sale or Foreclosure?
VA mortgages are among the best home financing options available today. Veterans have earned the right to secure this unique mortgage opportunity that offers 100 percent financing and no mortgage insurance.. Work with an experienced VA loan officer that is familiar...
VA mortgages are among the best home financing options available today. Veterans have earned the right to secure this unique mortgage opportunity that offers 100 percent financing and no mortgage insurance.. Work with an experienced VA loan officer that is familiar...
Infographic: What is a Short Sale?
This infographic will tell you everything you need to know and more about the short sale process. For more information about short sales, head over to Lender411's Short Sale page..
This infographic will tell you everything you need to know and more about the short sale process. For more information about short sales, head over to Lender411's Short Sale page..
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