Pre-foreclosures are confusing to many people. These are commonly confused with the foreclosure process and REOs (real estate owned by a lender).
Simmering a Short Sale on the Back Burner
February 21, 2017 by
Short sales are out of vogue and perhaps that’s exactly where they should be in a market with rapid appreciation and multiple offers on ‘turn key’ homes drawing most of the attention. But investors should always
Equator Celebrates 2016 Successes Highlighted by New Products and Customers
February 14, 2017 by
Equator, a leading provider of default software solutions for many of the country’s top servicers (including four of the top five largest servicers and a leading GSE), real estate agents and vendors,
Who pays the agent’s commission on a short sale?
February 19, 2016 by
In short sales, lenders normally insist that sellers hire the services of a real estate agent to represent them
Foreclosure Vs. Short Sale: Avoid Owing Tens Of Thousands Of Dollars In Taxes
July 1, 2015 by
If you are behind on your mortgage and worried about foreclosure, chances are you may have heard that a short sale can help you avoid foreclosure. But depending on your personal circumstances, you may find that a foreclosure is a “better” choice than a short sale.
Short Sales Falling Out of Favor with Underwater Homeowners
June 25, 2014 by
Real estate professionals say that their underwater sellers are less likely to consider a short sale, even if faced with foreclosure.
Your Short Sale Negotiating Strategy
December 11, 2013 by
Short sales are becoming less popular but they still exist. If you’re still pursuing short sales now is the time to revamp your negotiating strategy. Because the seller won’t see a penny in the transaction totally changes the dynamics of everyone’s negotiating strategy. The buyer and seller aren’t negotiating with each other. Instead, they are […]
What To Consider When Qualifying A Short Sale
October 7, 2013 by
Short sales are slowly fading into the past but good deals will remain until increasing house values fully exceed under water values. Right now, short sales remain a viable investment option in many markets. Start By Qualifying the Seller While the amount of time it takes loan servicers to decide to accept a short sale […]
The Short Sale Process: How To Avoid Delays
February 22, 2013 by
Short sales offer underwater homeowners an easier way out of trouble, but they don’t always proceed as smoothly as we like – this kind of transaction can take up to three months longer than a regular sale, and during that time there’s lots of potential for the deal to go sour.
SFR Investors To See Glut Of Highly Motivated Sellers As MDR Act Likely To Expire At Year’s End
November 14, 2012 by
The Mortgage Debt Relief Act is due to expire at Midnight, December 31, 2012. This means that distressed homeowners who are trying to complete a short sale or foreclosure will be liable for taxes on the amount of their loans which is forgiven – IF their transaction does not close by December 31st. There has […]
