Tag: short sale questions

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…




11 Reasons Why Most Short Sales Aren’t Approved

A short sale in real estate is when a property is sold at a price less than the amount owned by the homeowner to the mortgage company, and the mortgage lenders accept the short payoff. A mortgage lender will take the ‘short’ payment if the borrower can continue making monthly payments on the loan if…




Legal Advice On Short Sales

If you’ve found yourself in a difficult situation when it comes to your mortgage and you’re considering foreclosure, rest assured you have a better option. A short sale or pre-foreclosure sale is an agreement between you and the mortgage company that you will sell your home for less than the balance remaining. You should consider…




Can I Short Sale An Investment Property?

Absolutely. Some people erroneously believe that short sales are only an option for personal primary residences. This is not the case. You can still do a short sale for investment properties as long as the house is worth less than you owe + closing costs and you have a documented hardship. Hardship for an investment…




My Short Sale Buyer Walked… Should I Panic?

Let’s say you are short selling your home; you are underwater on your mortgage and the payments have become next to impossible to make. You have a documented hardship, you’ve hired a qualified short sale agent who may even employ a short sale negotiation team. You’ve gotten your home listed, gotten a contract, and now…