For me, a short sale is the successful negotiation of terms favorable to a homeowner with an unaffordable, underwater mortgage that allows them to sell their home to a third party, cancel their mortgage debt and put behind them the stress and uncertainty of foreclosure. A little more simply put, a short sale is what [...]
Foreclosure, Short Sale and Deficiency
December 13, 2011 By Leave a Comment
First, a little disclaimer; Deficiency laws vary from state. I am not a lawyer, nor do I play one on TV. If you are considering a short sale or are faced with the possibility of foreclosure, I cannot recommend strongly enough that you seek the advice of a qualified attorney and CPA. The good folks [...]
Distressed Homeowners Not Alone
October 12, 2011 By Leave a Comment
A study by Fitch Ratings estimates that 7 million homes across the U.S. are delinquent. For homeowners who are struggling to make mortgage payments—or are behind already—know that you’re not alone. As a Certified Distressed Property Expert (CDPE), I have been extensively trained to help you or someone you know pursue alternatives to foreclosure. Did [...]
Short Sale, A Diginified Option to Avoid Foreclosure
October 10, 2011 By Leave a Comment
One of the leading solutions to foreclosure today is a short sale. In a short sale, the lender agrees to accept the sale amount, even if it is less than what is owed on the mortgage. In this report, you’ll see how the consequences of foreclosure compare to those of a short sale. As a [...]
Short Sale vs Foreclosure
October 8, 2011 By Leave a Comment
When it comes to your future as a homeowner, it’s important to understand the realities and consequences of short sales and foreclosure. The following table compares the affects each option can have on your financial future. Use this information to better understand your options and make an informed decision about how to proceed. ISSUE FORECLOSURE [...]
