If you have run into financial difficulty and need to short sale your home talk with either a Real Estate attorney or a Realtor who has
experience with short sale transactions.
There are several benefits
with short sale assistance, including no cost to the seller, no impact to security clearance and minimal impact to the seller's credit score.
Some people have ethical
problems with short sales of stock since they can drive down prices artificially, but these simply do not apply with binary options.
I figured it would be great to have a nice reference for consumers to have a better understanding of some of the credit
issues with short sales.
The debt reduced through mortgage restructuring, as well as mortgage debt forgiven in
connection with a short sale or foreclosure, qualifies for the relief granted.
Just a quick note that if you need to find an
agent with short sale experience, please fill out the short form located here, or in the post above.
Moving
forward with a short sale must be approached with thought and strategy keeping in mind future plans and credit score sacrifices.
I have been dealing
with short sales since before they were the norm and it is not just like selling any house.
Other Comments You can have a cash account, a margin account, a margin
account with short sales, or an options trading margin account.
If you have decided to file for Chapter 7 bankruptcy and are currently trying to sell a home via short sale, there is usually no reason to
continue with the short sale.
After the Rule went into effect, a number of real estate professionals who help
consumers with short sales raised concerns about complying with the Rule.
Your credit score can take a quick 125 - 150 point drop once you let the first property go and are
hit with a short sale or foreclosure.
It seems to me that you do not have someone that is doing a good
job with the short sale negotiations if you need to go to that length.
• Property values dropped significantly over the last few years and this has created new opportunities for first home buying and real estate
investments with short sales and foreclosures nationally.
If you'd like a referral, fill out the form below and I'll have someone available in your area to help
with your short sale ASAP.
Among the advantages of
selling with a short sale is the ability to live rent free without moving while you are short - selling.
Ideally I would tell you that if an
attorney with short sale experience or other type short sale specialist is handling the sale you probably have a better shot at getting the deal done.
In my area there is a much greater problem of
Realtors with no short sale experience and a complete lack of knowledge on the subject that are taking them on.