Short Sales

Be sure to visit our articles on short sales:

 

 

A ‘short sale’ or a long one?

A nasty reputation… Short sales are notorious for taking a long long time. Sometimes that is because the seller isn’t working with a pro. What are short sales? Short Sales are so termed because the seller owes more on their residence than a sale would realize…. Property values have declined so much the past few …

View page »

Buying a new home after a short sale

Fast-forward to the future and you want to buy another home. Times are better and you still believe in the investment opportunities of real estate. But you sold a home in 2009 in a short sale… Can you get a new loan? Well, the rules have changed some… FANNIE MAE has changed the “waiting period” timeline before home buyers …

View page »

Sale price leaving you short?

Navigating Short Sales If you’re thinking of selling your home and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won’t cover your total …

View page »

Short Sale Buying Advice

Conventional Wisdom: be wary of short sales Many buyers think they will get the best deals by rescuing underwater borrowers through a short sale. In a short sale, a home is sold for less than what’s owed on the mortgage. In order for the short sale to go through, the lender holding the mortgage has …

View page »

Short sale option: lease-to-own

Question: I am considering a relocation move, and just had an appraisal done on my townhouse. It came in at $419,000, which means that I am about $15,000 underwater on the property. I don’t know if I could sell at the appraisal value, as there have been no comparable sales in my neighborhood for 18 …

View page »

Short Sale or Foreclosure

Why is a short sale better than a foreclosure?  Five reasons for you to consider… click here for information. Or call Sarah today for a consultation.

View page »