A short sale means that someone is selling a property for less than it is worth or is owed to them.
Normally, a bank will consider short selling a foreclosed property in order to get rid of it and to limit their losses. They will sell it for less than is owed on the property or
Continue reading In Real Estate Please Describe The Term ‘a Short Sale’?
Wondering if this is a concrete law/rule or if it is just more of a courtesy?
I’m starting to learn about real estate in general. A house in my neighborhood on yahoo real esate is in foreclosure with $25,000 left to pay on the house. Can you make an offer to the bank to pay that $25,000 off and take ownership
Continue reading On Yahoo Real Estate – Can You Buy Houses In Foreclosure At Their Listing Price?
we bought a home in july 2007, and since my mother’s fiance lost his job (due to the economy) to a much lower one, we no longer can afford the house like we once did. we also cannot sell it, as homes are becoming much more readily available for much cheaper than we paid. i
Continue reading Does Anyone Know About Home Loan Modification? Can A Real Estate Agent, Lawyer Or Someone Else Help Me?
Is that true for other agents as well? Or just because my agent doesn’t want to waste time on showing short sale houses?
my sis and i are starting a short sale companay and are having a difficult time finding a real estate lawyer that will draw up the documents we need for our customers and agents. CAN SOMEONE PLEASE DIRECT ME IN THE RIGHT DIRECTION?
Selling an investment property on a short sales but am required to sign a promisary note for the difference, approx $50k, am I amble to claim as a deduction on my federal taxes?
Every other home that is listed in mls in my area, put “short sale” in description. what is short sale?
I’m looking into buying a condo, and several I am interested in say they’re “short sales”. What does that mean?
Due to an unexpected salary drop in 2009 as a result of the downturn in the economy, I would like to seek mortgage loan modifications through the help of an attorney. Serious answers only, please. This is a very serious matter for me. Thank you.