Short Sales Rescue Homeowners from Pre-foreclosure Peril

Are you currently mired in a mortgage of doom? If you are afraid that you’ve bitten off more home loan than you can chew, you are not alone. Statistics show that nine out of every thousand homes in the United States had pre-foreclosure status in the first seven months of 2007. California is the [...]

Loss Mitigation Alternatives (Or When is a Short Sale not Appropriate)

With historically high rates of default on home mortgages lenders are facing many more foreclosures than they have in the past. This allows for short sale investors and pre-foreclosure specialists to thrive in the current market. However, not everyone who defaults on a mortgage should be considered a candidate for a short sale. A [...]

Tips How to Become Loan Officer With Short Sale Training

Doing a mortgage loan officer training course may end up adding some extra value to your curriculum vitae and make your profile stand out while you go for interviews. Many people are unable to learn as they have to work to feed themselves and their families. For such people, these institutes offer online courses. The [...]

How to Assemble a Successful Short Sale Package

A successful short sale package begins with calling the lender who owns the loan or mortgage. Stipulations and requirements for these types of sales vary from bank to bank. The only way to know what is required of you is to make a phone call to the lending institution. Make sure you talk to the [...]

Real Estate Short Sales|a Description Of The Process

It was a real estate boom like no other. Interest rates were dropping incredibly, homes were garnishing appreciation by the week, the stock market wasn’t moving and first time home buyers were getting their piece of the American dream. Mortgage brokers, Real Estate Agents and New Home builders were raking in the cash. It seemed [...]

Arranging for a California Short Sale

Does this scenario seem familiar? You’ve lost that high-paying job you thought you had tucked in your pocket; your finances are upside down, you miss a couple mortgage payments and now your home is in pre-foreclosure. You owe more money than the home is worth. You’re not sure which direction to turn or what strategy [...]

Avoid Foreclosure by Doing a Short Sale

Many homeowners are finding themselves upside-down, meaning that they owe more on their home than the current market value. What factors have resulted in many owners finding themselves in this position? For some, simple hardship results in being upside-down. Perhaps one our both spouses have lost their job or have had to take another [...]

Short Sales – an Alternative to Foreclosure

An Alternative to Foreclosure – Short Sales For those of you who now find yourselves upside down in your mortgage, facing foreclosure and sometimes even bankruptcy here are a few facts to know. A short sale is something that the lending market has recently come to terms with as a alternative solution for foreclosure. [...]

Real Estate Amazing Short Sales Profits Part # 2

Amazing Short Sale Profits Part # 2 of 2     Now, let’s look at a situation where there is $100,000 owed on a mortgage and the property has back taxes of $5,000, a 6% real estate commission of $6,000 and repairs of $10,000. On a good day, the lender(s) may net [...]

Why Don’t Lenders Care About Doing Short Sales?

It is an enormous frustration to investors doing short sales that the lenders take months to make a decision and just don’t seem to care. The homeowner stuck in the middle gets frustrated because he doesn’t know how soon he will be required to move or worse, be evicted from his former home. In fact, [...]

Next Page »