When homeowners are facing financial hardship and owe more on their mortgage than their property is worth, a real estate short sale …
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In many situations, the mortgage lender or servicer cannot get out of their own way. They create inane reasons why they cannot …
Many homeowners are overly optimistic, even delusional, about how much their property is worth or how much is their actual equity. They do not want to sell unless they can …
Fannie Mae Fannie Mae used to ensure that the deficiency would be waived with all loans that they own or guarantee. However, in 2011 Fannie Mae made an amendment to …
There are situations where not all of the people on the deed are on the mortgage too. The lender can pursue the people who signed the mortgage and note. All …
Yes, a Sheriff’s Sale can be delayed, also known as stayed, either at the request of the lender or upon a stay granted by a judge. In some states, the …
A bank walkaway is a situation where the mortgage lender decides to charge off a defaulted loan and cancel a foreclosure action. The lender might do this if they deem …
It is little wonder that the Real Estate Industry is responsible for making many instant millionaires in the united states of America, as well as the rest of the world. …
It is important to understand the benefits of a short sale to each of the parties involved. Why would a seller want to cooperate? Why would a lender accept less …
It is important to understand who is involved in a typical short sale. As an agent or investor, you will be dealing with each of these players. Sellers. They are …
A short sale may have legal, credit, and/or tax consequences. There are several alternatives to a short sale. These other options include: Make payments to reinstate the loan and …