When interviewing agents to list and sell your Short Sale, i.e., your real estate which is currently worth less than the total owed on the mortgage, there are many factors to consider. Personality compatibility, motivation level, persuasiveness, compassion, are all factors in selecting a “partner” to help you succeed in the business of selling your…
Finally – a subtle admission by the lending industry that they are making their own losses worse on troubled mortgages with long delays and indecision in the short sale process. New common sense guidelines are being promulgated from above! The FHFA has said that as of June of 2012, servicers will be required to do…
After we explain the benefits of short selling real estate, people often ask us . .. “so what is the drawback?” In a word – “Delay”. Relief in a shortsale is not as quick or comprehensive as it may be in a Bankruptcy, for example. But it may have the potential to heal your credit…
