Bion Grady's Blog – January 2011 Archive (5)
Are Lender So Desperate that they will accept any offer?
Have you heard the following myths about short sales?
Myth #1: You can buy short sales for dirt cheap and then turn around and resell them for a profit.
Myth #2: Foreclosures, Short Sales, and Bank Owned Homes can be bought for 30 to 50 cents on the dollar with no… Continue
Added by Bion Grady on January 31, 2011 at 5:14am — No Comments
Is it legal for a Seller to buy a house he is Short selling?
The Stop Foreclosure Institute recently received a question from Mau. Here is Mau's Question."Is it legal for a short sale seller to buy the house he is selling on short to reduce his mortgage loan?” asked Mau.
Discover how other sellers successfully did a short sale… Continue
Added by Bion Grady on January 29, 2011 at 3:04am — No Comments
Who is in charge during a Short Sale
Many home buyers think that the short sale lender is in charge during a short sale. Nothing could be further from the truth.
The short sale lender can only veto short sale offers. They can’t put the property up for sale or decide who to sell it to. Only the home owner can do that. Why is that?
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking… Continue
The short sale lender can only veto short sale offers. They can’t put the property up for sale or decide who to sell it to. Only the home owner can do that. Why is that?
Discover how other sellers successfully did a short sale to avoid foreclosure by clicking… Continue
Added by Bion Grady on January 28, 2011 at 4:59pm — 1 Comment
Seven Ways You Benefit From a Short Sale
A home owner thinking of a short sale recently asked us why they should short sale versus just walking away and letting their lender foreclose on the home. We gave them the normal answer: “It’s much better for your credit.”
That was the first thing that popped into our head. But, I knew there are more benefits to a home owner than simply… Continue
Added by Bion Grady on January 27, 2011 at 4:54am — No Comments
Loan Modifications can be a recipe for disaster
The Star Tribune, a newspaper in Minneapolis, recently ran a story about loan modifications. Here is an excerpt from the article:
“Many people who sought help under a federal program created to keep them from losing their homes are instead getting saddled with huge, unexpected bills.
Thousands… Continue
Added by Bion Grady on January 26, 2011 at 12:43pm — No Comments
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- Are Lender So Desperate that they will accept any offer?
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