What advice do you have for brokers about doing short sales
in the current market?
Las Vegas, NV, May 18, 2014 --(PR.com)-- The Ballen Group of Keller Williams Realty Las Vegas is thrilled to be helping in another Summerlin short sale
. This Summerlin short sale
in 89117 is priced at $250,000 and was listed on July 15th, 2013.
More short sales
are being referred to component and specialty servicers that are paid through the proceeds of the sale when they are successful.
The Short Sale
Information May Not Always Be Correct
What is unclear is whether a real estate broker and agent who assists a seller in obtaining a discharge from a mortgage lender or any other creditor in a short sale
is in the business of debt adjustment.
This just sold Henderson short sale
listing was located in the zip code region of 89002.
CoreLogic reported that 12 percent of suspicious short-sale resales occurred less than 30 days after the original short sale
through the second quarter of 2013.
While there is no hard data on the number of short sales
, lenders appear to be more willing to agree to this option, said Timothy M.
The FSC pointed out that at present for the offsetting of margin trading and short sales
, the quotas for margin trading and short sales
should be calculated separately.
Borrowers facing one of these hardships do not have to be delinquent to be approved by their servicer for a short sale
. Freddie Mac's new streamlined guidelines provide greater flexibility for servicers processing short sales
for service members with Permanent Change of Station orders, including the elimination of back-end debt-to-income ratios or a cash contribution promissory note.
Another reason why homeowners resist short sales
is because many people do not understand if they qualify.
Some banks are even handing out bonuses for owners who opt for short sales