Sentences with phrase «foreclosure or short sale processes»

Does anyone have experience getting a mortgage after bankruptcy and / or a foreclosure or short sale process?

Not exact matches

Source Capital has helped these clients acquire the funding they need; we don't focus our lending processes on past situations like divorce, short sale, bankruptcy, foreclosure, or poor credit.

A short sale can't work in every situation and the lender must be convinced the homeowner can not keep the mortgage any longer, it's a way for borrowers to get a fresh start without filing for bankruptcy or going through the foreclosure process completely.

We don't focus our lending processes on past situations like short sale, poor credit, divorce, or foreclosures.

The deed in lieu process also moves more quickly than a foreclosure or short sale.

For those who were eligible for the HAMP program but were unable to make payments, don't qualify for a Trial Period Plan, don't complete the Trial Period Plan, or ask a deed - in - lieu or a short sale, there is the HAFA (Home Affordable Foreclosure Alternatives) program to help streamline the foreclosure process.

The presence of a short sale or foreclosure does not preclude eligibility for a loan, as long as the borrower is up to date on their payment, there is no waiting process to purchase a home following a short sale.

More specifically, locating a foreclosed home depends on where exactly it is in the foreclosure process: Properties can still be owned by the original homeowner (in the earlier stages, in case of pre-foreclosure and short sale properties), or by an entity such as a bank or the government (in the later ones).

Distressed property: A property that is under a foreclosure order (pre-foreclosure), has undergone the foreclosure process, and is now an REO, or is being marketed as a short sale.

It's important to know not just the federal rules but what's going on in your state, Thompson says, because a variety of state statutes have been enacted to address foreclosure processing improprieties, taxation of mortgage debt forgiveness, and liability for deficiency balances after a short sale or foreclosure.

«Many of these properties will be listed for sale as short sales in the next six to 12 months, or go through the foreclosure process and eventually be listed for sale as bank owned in the next 12 to 18 months,» according to the report.

You can call a Murrieta short sale expert and ask about how to go about the short sale process so you can save yourself from the hassle of a foreclosure or visit https://www.temecula-shortsaleagents.com for more information about doing short sales.

His preferred method for helping clients is to guide them through the short sale or mortgage modification process, if available, or other foreclosure alternatives.

If you need a Minnesota short sale expert or you are thinking about a Mn short sale and do not know what to do, the site offer tips on the short sale and foreclosure process, short sales in Minneapolis, mls short sales, short sale mortgage information and the most current up to date short sale 2009 information.

A great example of this is commonly known as a pre-foreclosure «short - sale» where a bank accepts less than owed for the property in order to sell it quickly to avoid a lengthy foreclosure process or simply to remove any non-performing assets from their books.

Patience and effort is required to get through the short sale process, but the benefits far outweigh the downside of a foreclosure or even bankruptcy

This is unlike anything they have ever experienced before from their bank, who will typically either insist on full payment or foreclosure, or force them through a drawn - out and excruciating process for a short sale or deed in lieu.

If you have a home in Wellington Florida or anywhere else in Florida and you are in the foreclosure process call us today to see if you may qualify for one of these cash pay out programs for doing a short sale at 561-753-0135.

For that reason, process of selling and buying a probate property will end up being faster than many short sales or foreclosure sales.