Our role is to coordinate and more importantly effectively communicate the entire
short sale process from listing to close.
To qualify for a loan after a short sale, borrowers will need to rebuild credit during the two - year waiting period and show why the
original short sale process occurred.
The «short sale administration fee» or «
short sale processing fee» are common extra costs the existing lender likes to tack on.
We recently decided to go for a (2nd)
short sale process as we were unable to continue with our mortgage payments and our home was underwater.
For a price that most attorneys would charge for one or two hours of their services, you can have representation for the
entire short sale process (an average of 3.5 months).
NAR will continue to collaborate with the Treasury Department on HAFA improvements and promoting a
streamlined short sale process beyond the end of the program.
I want to thank you for continuing to help making
short sales process go smoother, not only for us the realtor but for the home owners specially for those who have a real hardship.
Services provided by VA Home Loan Centers include real estate representation such as VA
loan short sale processing, purchase assistance and VA loan application processing.
NAR continues to collaborate with the Treasury Department on HAFA improvements and promoting the development of a streamlined
short sale process beyond the expiration of the program scheduled for the end of 2012.
confused about the
whole short sale process and afraid that i will be paying out of my butt with taxes due to this short sale.
For those who have been through a
successful short sale process... After the bank approves an offer, how quickly do they send a letter / contract showing their approval and the closing date, etc?
As you can see, even if you have a really good realtor working for you there are just some things in the
Wellington short sales process that is entirely out of his or her hands.
The Treasury Department should provide funds through TARP to make loans for housing and other consumer purposes, establish foreclosure prevention programs, modify more mortgage loans to prevent foreclosures, and establish an efficient and
effective short sales process.
Scott Thompson works as an independent consultant for several national default industry vendors, specializing in agent networks, agent to homeowner mapping and
short sale process workflows.
You will want an agent who is an expert in
handling short sale processes and negotiations, someone who can offer what you will need with their Florida short sale services.
Short Sale Mitigation, LLC is a Massachusetts based loss mitigation company assisting homeowners and Realtors through the
arduous Short Sale Process.
The
Equator short sale processing system allows you to quickly upload documents and send messages, eliminating the time - consuming job of sending faxes, making calls, and searching through files.
Services provided by VA Home Loan Centers include real estate representation, such as VA
loan short sale processing, purchase assistance and VA loans application administration.
confused about the
whole short sale process and afraid that i will be paying out of my butt with taxes due to this short sale.
«Our members have been complaining about
the short sale process being broken since 2007,» says Jeff Lischer, managing director for regulatory policy for the National Association of REALTORS ®.
and Rep. Robert Andrews (D - N.J.) introduced bipartisan legislation geared to speed up
the short sale process and spur growth in the housing market.
By contrast, a short sale allows the owner to reside in the property and retain some control over
the short sale process.
I'd like to know what happend when the seller is an investor My client has 5 properties, the value of each one is a 70 % less of the price he paid for them, How
the short sale process can help to the investors?
Does anyone have experience getting a mortgage after bankruptcy and / or a foreclosure or
short sale process?
It's not uncommon to run across horror stories of
the short sale process and timeline stretching out over seven months or more.
Just as with a home purchase,
the short sale process involves paperwork between the homeowner, agent, and lender (bank, mortgage company or credit union).
Understanding of how
the short sale process and evolving legislation interact with FHA's requirements will be essential in this regard.
Myth # 10: Real Estate Agents don't need additional training to learn all of the ins and outs of
the short sale process.
Truth:
The short sale processes must be learned.
As many short sale agents from across the country can attest, the banks have initiated many new procedures to streamline
the short sale process and this in turn has lead to more efficiency (and hence, less chance of foreclosure for distressed home owners).
The banks are increasingly becoming easier to work with and many agents are learning that they need to become educated about
the short sale process.