ARCHIVED BLOG POSTS
2010
-Are you In a Default Situation? -Are you Facing Back House Payments? -Do you Need To Sell ASAP? -Do you Have Little Or No Equity In Your Home? -Do you Owe More Than Your Home Is Worth? -Do you have a Notice of Default? -Do you have a sale date? A short sale occurs when a property is sold and the...
10/28/2010
When a Short Sale is achieved, there will not be a foreclosure. A Foreclosure damages credit up to 7 years and bankruptcy up to 10 years. Many experts believe that a foreclosure is much worse than a bankruptcy. Banks know that they would never be able to make up the entire amount of the mortg...
10/28/2010
Your clients can not make their mortgage payments They can not refinance, No Equity, Rate has adjusted, Denied Loan Modification, hardship, etc...... A Short Sale may be their only option. RE/MAX HOMES & ESTATES Short Sale Division can help. Specializing in the "Short Paying" process we will ...
10/28/2010
How Long Do Short Sales Take? This is the million-dollar question. The short sale process, from submission to short sale approval, is generally as follows: Submission of offer and complete short sale package from the seller. Bank acknowledges receipt -- 10 to 30 days. Bank orders a Brokers Pri...
10/28/2010
The short sale process can be very complicated, one that requires patience, persistence and a great deal of experience. Most lenders prefer to work with Realtors who have mastered the intricacies of the short sale process. We have a proven track record and will PROTECT your interests, financial i...
10/28/2010
The following time-line is applicable for non-judicial California Foreclosures under a Deed of Trust. Foreclosures begin with the Trustor (borrower) not making the monthly payments to the Beneficiary (Lender), the first missed payment is technical default, but in practical terms, most Beneficiari...
10/25/2010
ARE YOU CONSIDERING DOING A SHORT SALE WITH ANY OF THE LENDERS LISTED BELOW? •· FIRST FRANKLIN •· GMAC •· DITECH •· HSBC •· LITTON •· WACHOVIA •· EMC •· AURORA LOAN SERVICING •· OPTION ONE •· AHMSI •· WELLS FA...
10/25/2010
What is a Short Sale? A short sale, also called "Short Pay" or "Pay Off", is a transaction that allows for the sale of a property for an amount that is less than the amount that is owed to the lender. The bank in return may accept the proceeds as full settlement of the debt. What is Necessary fro...
10/25/2010
Why would a bank or mortgage lender want to do a short sale? A common saying is that banks are in the business of lending money and do not want to own real estate. This is slightly misleading but is essentially true. When a bank takes a property back via foreclosure, it is a long and expensive pr...
10/25/2010
RE/MAX Homes & Estates Short Sale | Pre-Foreclosure Division Inform yourself of all the possible options before you may or may not consider bankruptcy. The consultation is absolutely free and confidential. Again, educate yourself of all of the possible pros and cons. Then you may choose the best ...
10/25/2010
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