Benefits of Doing a Short Sale
Tuesday, January 31st, 2012 Posted in Short Sales | No Comments »by Bonnie Aletaha Several property owners question the reason why any mortgage lender will accept a lot less than the entire amount owed on a house loan, and the answer is undoubtedly really quite simple: it costs mortgage lenders much more ...
Understanding Short Sale Your House
Friday, January 27th, 2012 Posted in Short Sales | No Comments »by Kendra Chui Do you owe more on your mortgage than your house is worth? You could ask your bank about offering short sale your house . Current California legislation makes clear that once the bank agrees to a short ...
Short Sale Homes in California - Tips for Sellers
Wednesday, January 25th, 2012 Posted in Short Sales | No Comments »by Kendra Chui Over the past 3 years, virtually 650,000 homeowners in California have lost their properties to foreclosure. As it stands today, almost 30 percent of homeowners owe more than their property is worth. To avoid repossessions, a ...
Is Short Sale A Strategic Way?
Tuesday, January 24th, 2012 Posted in Short Sales | No Comments »by Maria Valenzuela Take note that short sales are different from foreclosures. Foreclosures are forced by a lender while the short sale is agreed by the lender or the bank and the borrower. And there are instances where the lender refuses ...
Can the Bank Sue Over a Roseville Short Sale?
Monday, January 23rd, 2012 Posted in Short Sales | No Comments »by Ronald Miller In 2011, the California Legislative court passed Senate Bill 931 (SB 931) to make provision for "anti-deficiency" protection to certain short sales. But , what does this mean and what is a 'dificiency '? ...
Your Only Chance Is A Short Sale
Friday, January 20th, 2012 Posted in Short Sales | No Comments »by Jeff Yuan Don't despair just because you are over your head in debt because a short sale may just save the day for you. Don't be one of those people who panic when their mortgage becomes unworkable to handle. This ...
Short Sale Tax Implications
Friday, January 20th, 2012 Posted in Short Sales | No Comments »by Maria Valenzuela A short sale can significantly lower down a homeowner's FICO credit score by as much as 200 points, but this is better than foreclosure because it reduces your FICO score, and prevents you from getting another mortgage. Thus, ...
