short sale experts

Short sales give distressed homeowners an exit that doesn’t lead through credit-damaging foreclosure and saves bank’s money compared with taking and selling houses with failed mortgages. That should make them a preferred option. But short sales take longer, often two months longer, and can be nearly impossible if other lenders have liens on the house. [...]

Read The Full Article

What qualifies as hardship in a short sale? I get this question fairly often, and it should be addressed. First, I’ll tell you what does not qualify as hardship, and that is simply being underwater. If you owe more than you are worth, being upside down alone is not adequate hardship to get a short [...]

Read The Full Article

Short sales are already picking up in the distressed-property market, and the trend is expected to explode in coming weeks, when the government starts handing out cash to encourage lenders to close these deals. “Banks have ramped up short sale approvals,” said Duane Legate of House Buyer Network. “They’re hiring a lot of the people [...]

Read The Full Article

Property flips are legal if done correctly in an open and transparent manner. Legitimate, solid sources have documented their changes recently. Wells Fargo, Bank of America and now FHA, all have acknowledged Legitimate Property Flips. Banks are finally catching up with the market and opening up their guidelines to allow more investors to revitalize the [...]

Read The Full Article

The Obama administration continues to search for a solution for homeowners facing foreclosure, the reality of the situation is only about 4 percent of these at-risk homeowners receive long-term mortgage help, according to a recent report by CNN.com.  Nearly 2 million housing units in the U.S. are in foreclosure or are bank-owned, and more are [...]

Read The Full Article