Tag Results
22 Tag Results
2 result(s) displayed (21 - 22):
September 26, 2007
What is a Short Sale?
'Short sale' is a real estate industry term used when a lender accepts a discounted payoff on a mortgage loan. Short sales offer homeowner's who have defaulted on their mortgage an opportunity to sell the home for a lesser amount than is owed and avoid foreclosure.
Not all lenders are willing to engage in a short sale. Those who do, generally have their own set of procedures. Some may require the Seller to work with a real estate agent. A few will accept the short sale as full payoff, while others will require the Seller to pay the difference between the short sale and the original amount of the loan.
Real Estate Investing article on "What is a Short Sale?"
July 17, 2007
When Short Sales On Real Estate Is Your Only Option.
Ready to walk away from your property? Looking for cash now? The short sale of your real estate may be the solution to your cash flow problems.
More and more people have creative financial plans that tie up their cash flow and undermine the value of their money. Yes, interests rates are soaring; loans and mortgages are all people can do to raise cash. In the end, people can't afford their homes and they're defaulting on monthly payments. The only options remaining, none of them attractive: walk away from your home and ruin your credit or consolidate your debt and renegotiate your mortgage repayments. If you walk away from your property, facing bank foreclosure, you ruin your credit and risk stopping up your cash flow as well.
Real Estate Investing article on "When Short Sales On Real Estate Is Your Only Option."