She makes time every week to visit each of her offices, coaching agents and delivering information from continuing education courses she's attended on hot topics
such as short sales and foreclosures.
But of course, when there is no incentive to list a
home as a short sale when you can wait it out as long as possible and save up your money to move.
Some home sellers and real estate agents don't fully understand how short sales work, and they might list the
house as a short sale before getting permission from the bank.
If the security value falls below that of the mortgage balance, a borrower might need to sell
as a short sale in order to eliminate the debt.
However, more homes are
selling as short sales, which — if done right — makes everyone a lot happier and costs less to accomplish.
As for
as short sales go, forget that, unless you have the patience of a saint and are making multiple offers.
Some of these programs will help borrowers keep their homes and stay in them, while at least one is
designed as a short sale / foreclosure avoidance plan.
Selling your house
as a short sale tends to bring people around who think they can buy your house dirt cheap.
However, this turned out to be beneficial to the
homeowners as short sales are not treated equal to a foreclosure on the credit report.
Most of the time, banks or any financial entities will be asking for a hardship letter before they will approve a certain transaction
such as a short sale or a loan modification.
Not counted are delinquent properties whose owners are trying to modify their mortgage or delinquent properties already on the
market as short sales or foreclosure sales.
Selling your
home as a Short Sale is a difficult time to most homeowners and you'll want to make sure you have a Short Sale REALTOR ® on your side.
This process,
known as a short sale, is extremely complex and requires the attention of an experienced attorney.
If you are considering listing your
property as a short sale you will need to contact your lender and speak with them first to ensure that they will accept a short sale.
The banks need to be involved since it is affecting them directly, their own REO agents (as well
as short sale agents) committing fraud.
As the real estate market struggled, the S4 Group grew and quickly became recognized
as short sale experts.
If you are selling your primary
residence as a short sale, The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt.
Veterans who maintain a credit score of at least 660 might qualify for a VA loan immediately after a short sale, as
long as the short sale is listed as being paid in full on their credit report.
There is NO fee to list and sell your home
as a short sale with Susan Milner of Florida Future Realty, Inc..
Well if you have been on the fence about putting your Cape Coral house on the market
as a short sale now may be the time to do so.
Many pre-foreclosure homes that were once
offered as short sales end up as foreclosures, which are eventually deeded to the bank.
William, I cna so long as you have both the A-B contract and the B - C contract in place as well
as the short sale approval letter (if it is a short sale) and the financing approval from your C buyer (if they are not all cash).
The process can take two to three months, but
as the short sale broker for the transaction, VA Home Loan Centers will continually communicate with you and the lender to ensure that they have everything they need to approve the sale.
Thus, if someone is listing the property
as short sale approved, they are arguably misrepresenting the property and are doing it for no other reason than to call attention to their listing.