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This is a question facing many homeowners who may be considering a “voluntary foreclosure” that is, to simply stop paying the mortgage and give up the home because of how much negative equity has been accrued, this is also known as a strategic walkaway. From their perspective, to continue paying a $375,000 mortgage [...]
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The U.S. Treasury Department released a plan intended to speed up and encourage the short sale process.
A short sale is the final step a homeowner may take before giving up on a house and letting it slide into foreclosure. However, in the past the foreclosure process has been time consuming and has not delivered the desired results. [...]
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Breaking news in the real estate community. This week Gabrielle Harrison the VP of REO sales for Fannie Mae, and Ingrid Beckles the Default Asset Manager at Freddie Mac announced an overhaul to the short sale process at the two companies.
A crowded room at the 5 Star Conference this week erupted as Gabriele Harrison [...]
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If you are considering selling your house on a short sale situation there is a lot of paperwork involved. We will be developing a section dedicated to just short sales over the next few weeks. Here is our first installment and some beginning forms you will need to list a short sale with us.
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The phrase “short sale” has made its way into the every day language of home buying. I talk to people every week who are looking for a home and want me to send them a list of short sales. When I ask them why they want short sales they usually respond with something to the [...]
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Short sale, it may be the most used word in real estate in 2009, but some times a real estate agent may not be enough and you may need to talk with a lawyer. A short sale is just one of the tools you can use when you are struggling with a mortgage.
I found an [...]
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