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Short Sale Homes
The majority of short sales originate with sellers simply trying to Avoid Foreclosure after finding themselves owing more than their home is currently worth after all the costs are totaled.
Short Sale Property
Short Sale Properties are not automatic bargains and buyers should make sure the price paid is comparable to similar homes including the cost of renovations and the time it takes to complete them.
A real estate Short Sale occurs when a mortgage lender agrees to accept a payoff of less than the balance due on a loan and the lender agrees to sell the property at a loss.
Will You Still Owe Money After a Short Sale
Many homeowners are surprised when they find out they can still owe money to the bank after a real estate short sale if the agreed upon price ...
Financial Hardship Status
A short sale happens when a lender is shorted on a mortgage, this means that the lending bank accepts a sales price that is less than the total ...
Short Sale Benefits
Most home owners know that a short sale is far better for your credit rating than simply walking away and letting the lender foreclose on a ...
Short Sales and Credit Scores
Many homeowners today are finding themselves in a position where the value of their home has dropped to the point that it is now worth less ...
The Home Affordable Modification Program
There is no denying that the recent home mortgage foreclosure crisis has had a devastating effect on the real estate market in the United ...
Get a Great Deal on Short Sale Properties
Welcome to today's real estate market where short sales and distressed sales account for more than 40% of homes sales nationwide and over 50% of the sales in areas like Southern California and Florida, where home prices have plunged significantly in the
past two years. A short sale in real estate is a transaction in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan. Short sale situations usually result when a borrower cannot afford to pay off his mortgage loan on a property and the lender agrees to sell the property at a loss.
The short sale has advantages for both parties and as it allows borrowers to avoid foreclosure, it also helps the lender dodge the costs associated with the foreclosure. The borrower also avoids earning a negative credit report at the same time. The key to making money with distressed properties and short sales is often having a professional consultant with good banking relationships on your side. Working closely with the lender can really make a huge difference in whether or not a sale gets approved.
Once the decision has been made that a short sale is right for you, your family and your finances, ShortSale.com is here to help you with this sometimes complicated and unfamiliar process. ShortSale.com can help you compare your home to other short sales, provide a comprehensive summary of the short sale process, and also provide valuable information on loan modification, mortgage refinance, and real estate.
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