Comments on: What is A Short Sale? http://www.newhomessection.com/blog/what-is-a-short-sale/2009/05/22/ New Home and Home Builder Information Sat, 21 Nov 2009 09:07:31 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Short Sale Definition | What Is A Short Sale? http://www.newhomessection.com/blog/what-is-a-short-sale/2009/05/22/comment-page-1/#comment-22574 Short Sale Definition | What Is A Short Sale? Fri, 24 Jul 2009 18:43:38 +0000 http://www.newhomessection.com/blog/?p=3031#comment-22574 [...] The seller turns the proceeds of the sale over to the lender, in full satisfaction of the debt. A short sale is generally done to prevent foreclosure on the [...] [...] The seller turns the proceeds of the sale over to the lender, in full satisfaction of the debt. A short sale is generally done to prevent foreclosure on the [...]

]]> By: Mike Taylor http://www.newhomessection.com/blog/what-is-a-short-sale/2009/05/22/comment-page-1/#comment-17957 Mike Taylor Thu, 04 Jun 2009 12:37:57 +0000 http://www.newhomessection.com/blog/?p=3031#comment-17957 It is important to realize too that the amount you are short can be taxed if the bank issues you a 1099. I think most people don't realize this. It is important to realize too that the amount you are short can be taxed if the bank issues you a 1099. I think most people don't realize this.

]]> By: Joe@Augusta GA Homes http://www.newhomessection.com/blog/what-is-a-short-sale/2009/05/22/comment-page-1/#comment-16996 Joe@Augusta GA Homes Tue, 26 May 2009 12:10:59 +0000 http://www.newhomessection.com/blog/?p=3031#comment-16996 It's amazing to me how many homeowners believe a short sale "saves" their credit. In my neck of the woods, a Seller typically has to be at least three months in arrears before the bank will consider allowing the short sale. This means that even if the short sale is approved, you've still got the credit penalty of those missed mortgage payments - which can lower your scores as much as 200 points. Georgia doesn't require litigation for foreclosure, so things happen quicker - or perhaps "less slow" is a better description. Short Sales should be a last resort and we in the trade should be educating our buyers about the impact of trying to seek that remedy. Nice post... <abbr><em>Joes last blog post..<a href="http://www.augustalistingexpert.com/Blog/Can-the-8000-Tax-Credit-save-VA-Buyers" rel="nofollow">Can the $8,000 Tax Credit save VA Buyers ?</a></abbr></em> It’s amazing to me how many homeowners believe a short sale “saves” their credit. In my neck of the woods, a Seller typically has to be at least three months in arrears before the bank will consider allowing the short sale. This means that even if the short sale is approved, you’ve still got the credit penalty of those missed mortgage payments – which can lower your scores as much as 200 points.

Georgia doesn’t require litigation for foreclosure, so things happen quicker – or perhaps “less slow” is a better description. Short Sales should be a last resort and we in the trade should be educating our buyers about the impact of trying to seek that remedy. Nice post…

Joes last blog post..Can the $8,000 Tax Credit save VA Buyers ?

]]> By: Steve Trang@Tempe Real Estate http://www.newhomessection.com/blog/what-is-a-short-sale/2009/05/22/comment-page-1/#comment-16969 Steve Trang@Tempe Real Estate Tue, 26 May 2009 05:56:01 +0000 http://www.newhomessection.com/blog/?p=3031#comment-16969 Fortunately here in Arizona, we are a non-deficiency state. One of those negatives goes away here. After the foreclosure or short sale, the lenders cannot come after you for the difference unless you sign something waiving that right. Just be careful when you sign those forms approving the short sale. <abbr><em>Steve Trangs last blog post..<a href="http://feedproxy.google.com/~r/arizonarealestatehome/EEur/~3/mf-0FSbRSIU/149900-3504-e-coconino-way-gilbert-az-85298" rel="nofollow">$149,900 :: 3504 E Coconino Way, Gilbert AZ, 85298</a></abbr></em> Fortunately here in Arizona, we are a non-deficiency state. One of those negatives goes away here. After the foreclosure or short sale, the lenders cannot come after you for the difference unless you sign something waiving that right. Just be careful when you sign those forms approving the short sale.

Steve Trangs last blog post..$149,900 :: 3504 E Coconino Way, Gilbert AZ, 85298

]]> By: video chat software http://www.newhomessection.com/blog/what-is-a-short-sale/2009/05/22/comment-page-1/#comment-16897 video chat software Mon, 25 May 2009 10:02:59 +0000 http://www.newhomessection.com/blog/?p=3031#comment-16897 There are always part that have more benefits from sale and others are just trying to compensate the expenses. There are always part that have more benefits from sale and others are just trying to compensate the expenses.

]]> By: davidc http://www.newhomessection.com/blog/what-is-a-short-sale/2009/05/22/comment-page-1/#comment-16661 davidc Sat, 23 May 2009 01:00:32 +0000 http://www.newhomessection.com/blog/?p=3031#comment-16661 It's good to know, I really didn't know the difference... <abbr><em>davidcs last blog post..<a href="http://www.freeinsurancequotesfinder.com/2009/05/home-insurance-coverage-options/" rel="nofollow">Home Insurance: Coverage Options</a></abbr></em> It’s good to know, I really didn’t know the difference…

davidcs last blog post..Home Insurance: Coverage Options

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