Started this discussion. Last reply by Harry Clay Mar 4, 2013. 1 Reply 1 Like
Hi guys,Thought I might share my opinion on the housing market and the window of opportunity distressed homeowners have this 2013.Full article here:…Continue
Started this discussion. Last reply by Sheyenne Schultz Feb 26, 2013. 7 Replies 0 Likes
Hi guys,What do you tell homeowners when they are wondering whether to short sell their homes now or wait until it breaks even? I have my own personal opinion on this:…Continue
Tags: sell, home, foreclosure, to, wait
Started this discussion. Last reply by Paul (No Bad Days) Smith Apr 5, 2013. 47 Replies 2 Likes
Hi guys,Wondering what your thoughts were on the short sale lease back program that is starting gain traction in the short sale arena.Short sale lease back programs have been around for quite some…Continue
Started this discussion. Last reply by Simon Campbell Jan 8, 2013. 1 Reply 0 Likes
Hello short sale experts!Wanting to get some opinions on the extension of the mortgage forgiveness debt relief act beyond 2013. Although we were able to avert the fiscal cliff last week, the large…Continue
Tags: modification, loan, foreclosure, 2013, 31
Posted on May 13, 2013 at 11:18am 0 Comments 1 Like
Today's market (5/13/13) favors sellers as we have rapidly shifted from a buyers market to a strong sellers market. This means, short sellers are typically in multiple offer situations and now have choices on offers to choose from. So which offer should the seller choose? Let's explore two important aspects of a short sale purchase and sale agreement that should sway your decision.
What type of financing is…
Posted on April 8, 2013 at 4:32am 1 Comment 0 Likes
Loan modifications are a popular option most homeowners turn to when they are struggling with mortgage payments. It isn’t a secret however that it hasn’t worked as well as we hoped. The idea of “modifying” your current loan to create a more affordable payment plan seems enticing but do these popular loan modification programs actually work? Let’s looks at the data.
Don’t get me wrong, loan modifications do work for certain homeowners. Statistically, it is not for the…
ContinuePosted on March 25, 2013 at 7:17am 1 Comment 1 Like
Short sales are notorious for their duration to close. It was only years ago when we saw short sales take sometimes up to 2 years to close, causing insurmountable stress to all parties, especially to the seller. So why do short sales take so long? One could easily blame the banks for the delay. However, that accusation does not apply to most banks in 2013. Systems have been upgraded, buyers are buying, and incentives to short sell for both banks and sellers have boosted. So why would a short…
ContinuePosted on March 18, 2013 at 7:31am 1 Comment 0 Likes
The three big options for homeowners are short sales, loan modifications and refinance. What have you seen that actually worked?
Options: Refinance, Loan Modification, Short sale.
Refinance
Basics: Refinancing is when you are paying off your old loan with a new loan with lower interest rates.
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