Below are 3 tips that can help ensure a successful short sale!
1) Choose an experienced short sale agent. All of our short sale specialists here at myshortsale.com are seasoned experts who will help make your short sale process run as smooth as possible. All we do is short sales.
2) Understand potential consequences. Make sure to double check whether or not the lender has agreed to waive the deficiency or the balance that will be…Continue
Posted on February 6, 2013 at 3:53pm
For those of you who are not familiar with what a short sale transaction is, we have created a blog post to help fill you in!
In a difficult economy, many hard-working people are faced with a growing problem- they owe more in their mortgage than their home is worth and are unable to pay. What they often do not realize is that foreclosure can be avoided. This is where a short sale can come in.
Posted on December 20, 2012 at 12:15pm
While the housing market is showing signs of recovery, the improvement is still insufficient compared to the damage. New home sales are still 50 percent below the average rate over the past 40 years. Almost 11 million families are underwater, with more debt than their homes are worth after five years of declining home prices. After nearly four years in the White House, Obama is facing criticism that his relief programs for borrowers have lacked broad and aggressive measures and have reached…Continue
Posted on September 27, 2012 at 5:11pm
Short Sales have been a "hot" topic the past year. About 34% of all home sales in 2012 have been short sales and through the first six months of 2012, Fannie Mae had completed 38,717 short sales, and in 2011 it completed 70,025 total.
Lately, there has also been a lot of talk about the new guidelines for mortgage servicers that will essentially consolidate all short sale programs into one streamlined program. These updated short sale program rules will allow lenders to qualify…Continue
Posted on September 18, 2012 at 3:38pm