Month: January 2016

8 Essential Items For a Short Sale Package

Typically the short sale package with the hardship letter, is one of the most critical components to getting a short sale deal done smoothly. Incomplete or sloppy short sale packages could add months to an already tedious short sale process. Since the decision to approve a short sale is entirely up to the mortgage company,…




Why Short Sales Take a Little Longer

The deadline for a short sale is dependent on a number of factors, such as banks and brokers involved. From closing the first offer, it can take a quick short sale only 60 days. However, a short sale with problems along the way, might take up to a year to complete. According to Amy Simmons…




Mortgage Debt Forgiveness Act extended!!!

Special Real Estate Report Short Sale and Mortgage Insurance Benefits Homeowners are among those who will benefit from a $760 billion tax deal that was signed into law in December. The deal includes two very important tax breaks for those who own homes. The law includes a retroactive extension of The Mortgage Debt Forgiveness Act…




Foreclosure vs. Short Sale

There exists a lot of misunderstandings about foreclosures and short sales. Which should you use and why? Will your credit score be impacted just the same way by both of them? When you buy a house, you typically make a deposit and then set up a mortgage amortized over a number of years. The house…