If you’ve found this blog just by searching on the internet, there’s a good chance you’ve read the advantages a Short Sale can have over simply “walking” from the property and letting your lender foreclose.
In case you haven’t heard the reasons, let’s list some of them:
1. No Deficiency – if you have a “recourse” loan in California, you can be subject to further collections and a deficiency judgment after foreclosure. On the other hand, California Civil Code…
ContinueAdded by Edwin Baloloy on September 3, 2012 at 12:30pm — 2 Comments
This is a good article about why the MERS system helped to create our current foreclosure crisis.
MERS issues in Foreclosures continue..
Short Sales are obviously being pushed by the Lenders…
ContinueAdded by Kimberley Kelly on September 2, 2012 at 3:18am — No Comments
I need to escalate a short sale which has been stalled with no response from Wells Fargo in the last three weeks. Negotiator is not answering emails. Does anyone have a list of email addresses and/or names and/or phone numbers of short sale managers I could contact or know a phone number I could call to get who the manager is of this negotiator or has any other suggestions? Debbie Veler
Added by Debra "Debbie" Veler on September 2, 2012 at 2:53am — No Comments
Good morning Superstars. This week's Superstar discussions.… |
Added by Bryant Tutas on September 2, 2012 at 1:30am — No Comments
Your Credit Score
When you foreclose on a home your credit will be altered for about 5+ years, to say the least. However, when you do a short sale your credit is also affected, but for a much shorter time period and less damage is done. The truth is there is no concrete answer as to how many points it will affect your score. Every person has his or her own FICO and each individual’s score will vary. What I can tell you is the late payments are typically what have the…
Added by Mona Salem on September 1, 2012 at 9:27am — No Comments
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