Real Estate Short Sale Vs Loan Modification: Which Is The Better Option?
When homeowners fall behind on their mortgage payments and are unable to catch up, they may find themselves considering options like a real estate short sale or loan modification. Both of these options can provide relief from a difficult financial situation, but they work in different ways and have different advantages and disadvantages. In this […]
The Short Sale Process From Start To Finish
The real estate short sale process can be a viable option for homeowners who are facing financial hardship and owe more on their mortgage than their property is worth. However, the process can be complex and lengthy, requiring a lot of documentation and negotiation with the lender. In this article, we’ll explore the short sale […]
Pros And Cons Of A Real Estate Short Sale For Homeowners
For homeowners who are struggling to pay their mortgage and owe more on their mortgage than their home is worth, a real estate short sale can be an option to consider. A short sale is a real estate transaction in which the homeowner sells the property for less than what is owed on the mortgage, […]
What Is A Real Estate Short Sale And How Does It Work?
When a homeowner owes more on their mortgage than the home is worth, they may consider a short sale as a way to avoid foreclosure. A real estate short sale is the sale of a property for less than the outstanding balance of the mortgage. It can be a complicated process, but understanding the basics […]
The Importance of Working with a Real Estate Short Sale Specialist or Attorney
If you’re considering a short sale of your property, you may be feeling overwhelmed by the process. Short sales can be complicated, and without proper guidance, you can easily make costly mistakes. This is why it’s essential to work with a real estate short sale specialist or attorney. Here are a few reasons why working […]
Differences between a real estate short sale and a foreclosure
When a homeowner struggles to make their mortgage payments, they may face the possibility of losing their home. In this situation, two options that they may consider are a real estate short sale and a foreclosure. Although these may seem like similar options, there are some important differences between the two. A real estate short […]
An Introduction to Real Estate Short Sale
Introduction Real estate short sale is an alternative to foreclosure that allows homeowners who are struggling with mortgage payments to sell their property for less than what they owe on their mortgage. A short sale can be a viable option for homeowners who are facing financial hardship and unable to make their mortgage payments. In […]
What Are Servicers and Investors in Real Estate Financing?
You might be wondering what mortgage investors have to do with you when you buy a home. The truth is, mortgage investors keep the real estate market running in ways you probably didn’t even realize – and in some cases, they can impact the servicing of your current mortgage. Most mortgage lenders opt to sell your home […]
What Sellers Need to Know When Selling A Short Sale Property?
Here are six simple steps to remember when selling a short sale property. The short sale process for sellers starts when they become aware of their inherent lack of funds to cover their predetermined mortgage obligations. In other words, a homeowner’s impending inability to pay their principal and interest in full each month is a […]
What Buyers Need to Know When Purchasing Short Sale Properties?
If you’ve browsed through property listings online, it’s likely you’ve run across a “Short Sale” label on some. This label might not mean much to you as you look at other aspects of the home, like the space, how many rooms or its location, but if the home becomes one that you’re interested in, it can affect […]