A short sale in real estate is not always a pleasant transaction. There are many ways to lose a home but signing away ownership in a manner that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest. For owners who can no longer afford to keep mortgage payments ...

The short sale process is still a mystery to many people, even after all these years. Lots of buyer’s agents are confused; puzzled buyers are looking for direction, and not every short sale listing agent knows how to do a short sale. The Basics of a Short Sale Banks grant short sales for 2 reasons: ...

Loss Mitigation can Stop the Foreclosure Process Loss Mitigation The process of trying to STOP a home foreclosure before it occurs. The process can be lead by either the owner of the property, a representative of the lien holder or a third party that works strictly for the best interest of the home owner. The ...

Pitfalls & Solutions for short sales As a homeowner considering a short sale, it is important you understand the process. Following are some of the most common mistakes agents and homeowners make when handling a short sale. Your Property is Priced Incorrectly 1. Pitfall: Your Property is Priced Incorrectly This is the most common mistake made ...

Short Sale Myths A short sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs. ...

A short sale in real estate is not always a pleasant transaction. There are many ways to lose a home but signing away ownership in a manner that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest. For owners who can no longer afford to keep mortgage payments ...

In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP).  The HAFA program took effect on April 5, 2010 and end next year on December 31, 2012. Check Out this video about HAFA!  Any ...

How do I get started on a short sale? Just like purchasing a home, it takes time to work a short sale – in many cases, even more time. Be patient and take it one step at a time. This can often take 90-180 days, and if successful, could be well worth your time.1. Contact ...

A deed in lieu of foreclosure is going to vary somewhat depending on your state and depending on who your loan is through. In some cases, there are specific programs and guidelines in place designed to streamline the process of a deed in lieu of foreclosure. In any case, the key is that both the ...

Unless the bank has agreed up front to accept a short sale, which is rare, no one knows for certain — not the buyer’s agent, not the listing agent nor the seller — if a short sale offer will be accepted or rejected by the bank. Simply because a listing is advertised as a short ...