Dave Halpern, Broker, SRES

Yes, you can short sale your house even with structural damage. Indeed, the lender may be more inclined to settle your loan because of the structural damage. The bank does not want to own your house. But who will want to buy my house with structural problems? Someone will. Price fixes everything....

Who Falls Behind On Their Mortgage Payments? Good, honest, hardworking people! Overwhelmed by other life events, such as health reasons or divorce. Adjustable rates crushing them. Vanishing equity but need to sell. Business owners whose businesses got ground up in this unrelenting economy. Homeow...

I am a Realtor and I list short sales for overleveraged clients, often behind on payments. Their houses aren’t always in tip top shape. Buyer’s agents often ask me if the house will pass an FHA inspection. Our response is tendered as politely and professionally as possible, however our answer is ...

Unfortunately some employers consider bad credit as a predictor of effectiveness and trustworthiness. How Can A Short Sale Benefit You Vs. a Foreclosure? Interviewers are asking candidates for authorization to contact the three major credit reporting bureaus. Candidates are worried bad credit wil...

Being Foreclosed Upon While Deployed In The Military? Check Your Rights Under SSCRA and SCRA. The Soldiers & Sailors Civil Relief Act (SSCRA), now known as Service members Civil Relief Act of 2003 (SCRA) provides protections to active duty service members. If you have credit card debt, mortgage p...

Can you stay in the house while a short sale is being worked out with your lender? Yes! Actually, your lender usually prefers you stay in the house, even if you are not paying the mortgage. Why Does The Lender Want You Stay? If you stay in the house, you are protecting the house, which means you ...

Can I short sale my house if I am behind on payments in Louisville KY? Yes! As a matter of fact, banks and lenders have designed the short sale as a method to help borrowers who are behind on payments. The banks almost expect you to be behind on payments in order to qualify for the debt relief of...

The FTC recently put into effect a new rule that adds regulations to 3rd party negotiators, attorneys and Realtors who help sellers in need of a short sale. Realtors Need Clarification and Authoritative Disclosure Language Short sale Realtors nationwide are waiting for clarification from NAR and ...

Thousands of homeowners are behind on mortgage payments in Louisville KY. You are not alone. It’s a local and national epidemic. The job market is weak. Family issues may be causing financial difficulty. House values are down, big time. You can’t sell for enough to pay off the mortgage, and you c...

Raising mortgage insurance premiums raises borrowers payments. Anything that raises the payment also lowers the purchasing power of the buyer. Lower purchasing power means sellers have to lower sales prices. Lower sales prices means more sellers move into a negative equity position. More sellers ...