Comments on: What is A Short Sale?

By: Fast Facts: Short Sales | Short Selling A Home Info | New Homes Section

Wed, 10 Aug 2011 21:56:25 +0000

[...] the short sale must certainly be the poster child for the slow, slogging recovery that followed. Short sales—in which lenders forgive the loan balance that can’t be recouped by the sale of an underwater [...]

By: Cynthia

Cynthia — Mon, 29 Nov 2010 23:07:49 +0000

Is it my understanding, that it’s better to do a short sale rather than to go thru a foreclosure? because right now, I am at that fork in the road and am greatly confused and presently seeking assistance.

By: Things To Consider When Shopping For A Home | New Homes Section

Things To Consider When Shopping For A Home | New Homes Section — Tue, 02 Nov 2010 00:41:55 +0000

[...] what type of home are you looking for: a new home, Investor owned properties, bank owned home or short sale homes. Each of these options has there pros and [...]

By: Jason Improta - Calabasas Homes for Sale

Jason Improta - Calabasas Homes for Sale — Fri, 08 Oct 2010 01:18:50 +0000

Distressed homeowners are usually better off with a short sale over a foreclosure. There are exceptions, of course, but generally, they are worth the effort to minimize the damage to the homeowner.

By: Real Estate Investment: Location is Everything When Investing in Real Estate | New Homes Section Blog

Wed, 15 Sep 2010 21:32:19 +0000

[...] market and are flooded with foreclosed homes. A large portion of the sales in these areas are short sales and bank-owned foreclosures. This is what’s keeping the home prices in these areas from [...]

By: Amy

Amy — Fri, 10 Sep 2010 06:24:55 +0000

My daughter and her husband are getting a divorce, she is not on the mortgage but had to sign papers at closing.. they live in Oklahoma. So if they put it on a short sale and the bank sells if for 150K and the mortgage is 200K then will they both be hit with a 50K 1099? and or judgment?

By: Sales Up, Everything Else Mixed

Sales Up, Everything Else Mixed — Wed, 04 Aug 2010 23:57:14 +0000

[...] year at the same time period. The reason for this continues to be the high rate of foreclosures and short sales, which has created a real buyers market as some homeowners are able to transfer homes that are [...]

By: Susan@Palmdale homes for sale

Susan@Palmdale homes for sale — Wed, 21 Jul 2010 20:36:33 +0000

Short sales have advantages, but it’s important that the agent doing them knows about what can happen with the 2nd lender, what are the tax breaks the owner can file federally and in their home state, etc. Hiring a Realtor who does not know these things can make a short sale a lot less beneficial to the seller.

By: sandy k

sandy k — Thu, 01 Jul 2010 15:31:43 +0000

Is a cousin considered “arm’s length” for a short sale. I have a friend that is considering buying her cousins home on short sale. They are 1st cousins but they don’t have the same last name (because one of them were married). should she be careful or could she take hold of the great deal she would get. Also we live in Michigan if that matters much.

By: short sale

short sale — Mon, 14 Jun 2010 09:06:20 +0000

Yes short sale property will be best option at this on going slump time. A short sale may protect your credit from further degradation.. It will be easier to repair your credit with a short sale scenario.There are no short cuts to success in sales so please do your research, and consult an expert who will help you make informed decisions.