If you are facing foreclosure contact The Gonzales Team short sale
specialists of Henderson, Nevada for options.
The report noted that the percentage of suspicious short sales
flipped for more than $50,000 has slightly decreased during the period of 2012 to second-quarter 2013.
Michaels has developed a quick, online survey that provides answers right away on whether or not a borrower might qualify for a short sale
When deciding to go into short sale
, most homeowners do so primarily to avoid foreclosure, which can be extremely damaging to an individual's credit report and have long-term effects on anyone seeking credit.
With the courts at a standstill and banks not foreclosing on properties," Halloran said, "the banks are getting better at doing short sales
, so more people are doing them.
But according to Denver attorney Sara Mobley, who deals with many loan modifications and short sales
, about eight out of nine short sales
nationally fail because they don't meet the guidelines that the lender must adhere to.
His short sale
rush system evolved from his personal hands-on experience in residential sales, mortgage lending, and property management, augmented by psychological, motivational, and practical techniques refined from his military leadership.
Lender of Record Does Not Match Lender on Short Sale
While it's encouraging that lenders and servicers are making headway in improving their short sale
processes, they still have more work to do to ensure that not only REALTORS([R]), but also home sellers and buyers have a better experience when dealing with short sales
," said C.
Irene Medina, of The Medina Real Estate Group, CDPE - Certified Distressed Property Expert, says, “If you are still underwater in your mortgage and need to short sale
your property, please, please beware of investment clubs that promise to connect your with short sale
expert investors that can save you from foreclosure.
New short sale
guidelines effective November 1, 2012 by the Federal Housing Finance Agency for Fannie Mae and Freddie Mac, make the short sale
process easier and speedier for lenders and borrowers, but will present new challenges for servicers in getting lien releases executed in time.
While the goal is always to keep borrowers in their homes, those who have lost a job, have no source of income, are extremely delinquent, failed in a modification attempt or did not qualify for the Home Affordable Modification Program (HAMP) can avoid foreclosure and eliminate the burden of debt with a short sale