What Is a Short Sale?
The status of the housing market has made selling homes through a short sale a more common practice. This type of transaction involves homeowners selling their homes for less [Read More...]
Short Sale
What Are the Seller’s Rights in a Short Sale?
A short sale occurs when the seller engages in a shortened sales process to avoid a foreclosure. There are many reasons for the short sale, but during this process, the [Read More...]
What Are the Requirements for a Short Sale?
Due to the high number of foreclosures in recent years, many banks are now approving short sales of homes whose owners are delinquent on their mortgages. A short sale allows [Read More...]
Is It Better to Do a Short Sale or Foreclosure?
If you’re currently having trouble “keeping up” with your mortgage payments, you may be wondering as to whether beginning the short sale process or simply [Read More...]
How to Purchase a Home after a Short Sale
There are a lot of misconceptions surrounding what happens after a short sale-whether you can purchase a home again and what occurs to your credit score. If you’ve gone [Read More...]
How to Buy a Short Sale
A short sale property can be a great deal, but buying one is different than buying a conventional property and can often take longer to close than the typical 30 days most [Read More...]
How Long Does a Short Sale Take?
ANSWER: A short sale can take anywhere from 45 days to longer than year. More Info: The question of how long it takes a short sale to be completed is a common one, especially [Read More...]
How Does a Short Sale Work?
A short sale happens when a lender agrees to take less than is owed on the mortgage agreement from a buyer’s offer. Bank’s are under no obligation to accept or [Read More...]
Does a Short Sale Hurt Your Credit?
ANSWER: Yes, a short sale almost always hurts your credit. More Info: If you have sold your home for less than you owe, which is the definition of a short sale, it will [Read More...]
How to Write a Hardship Letter for a Short Sale
It is important to put plenty of thought, time, and effort into the writing of your hardship letter to the bank requesting a short sale. This letter is instrumental in the [Read More...]