A good short sale candidate is a homeowner who is unable to keep up with their monthly financial obligations due to unforeseen hardships such as: divorce, job loss, sudden decrease ...
Read more..A short sale happens when a total mortgage amount owed on the property is more than the purchase price of a property and the mortgage holder (bank or lender) is ...
Read more..Many times a short sale may fall through due to the 2nd lien holder or a PMI company, wanted more money. But this can also happen quite frequently with the ...
Read more..Short Sales can taken an awful long time to complete, making it frustrating for both the buyer and seller involved in the situation. Many sellers and buyers of short sales ...
Read more..Why Do Banks Short Sale?
The property is in a poor condition
The mortgage is about to be foreclosed upon
The homeowner has proven hardship and has shown they cannot afford the mortgage ...
Read more..To no surprise, many short sales fall apart because short sale buyer's are not kept informed during the process. Is it the Realtor's fault? Sometimes...often times, Realtors find they ...
Read more..Short sales can be quite confusing. Banks have been known to discount 90% to 40% of the value but each case is different. These days, they have way to many ...
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Short Sale Sellers