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Foreclosure Forum

In Real Estate Please Describe The Term ‘a Short Sale’?

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’?

Foreclosure Forum

Approved Short Sale Question?

It was approved at $402,000 but fell out of escrow and back on the market. Now that market has gone down it’s priced at $380,000. And I just made an offer a week ago so how long does it take to hear an answer when chase is the lender?

Foreclosure Forum

What Process Is Longer? Short Sale Or Forclouser?

which one???

Foreclosure Forum

I Refinanced My Loan 3 Years Ago For 500,000. I Am Doing A Short Sale Now And It Was Approved For 270,000.?

Lender has issued a lien release only but I am responsible for the difference. There is no way I can pay that. My boyfriend left me and I make 15.00 an hour with 2 kids. Do I accept the short sale or let it go to foreclosure

Continue reading I Refinanced My Loan 3 Years Ago For 500,000. I Am Doing A Short Sale Now And It Was Approved For 270,000.?

Foreclosure Forum

Short Sale Question…?

Do I still have to pay my land lord if my house is in short sale?

rhinestones

Foreclosure Forum

I Want To File Bankruptcy To Stop A Foreclosure, To Buy More Time To Get A Short Sale, The Deed Is Joint? ;

I want to file bankruptcy to stop a foreclosure, to buy more time to get a short sale, the deed is joint?
If I file bankruptcy, will it stop the foreclosure? We have been trying to sell the house since Jan. We have sent in two

Continue reading I Want To File Bankruptcy To Stop A Foreclosure, To Buy More Time To Get A Short Sale, The Deed Is Joint? ;

Foreclosure Forum

What Are My Chances Of Purchasing A Home In A Short Sale Status?

Placed a bid, the bank sent out an appraiser 3 days later. They apparently came back stating the house was appraised at 30K more than on the market. The bank stated that they closed this file, but the listing agent sent in comparable houses in the same neighborhood that I believe would be

Continue reading What Are My Chances Of Purchasing A Home In A Short Sale Status?

Foreclosure Forum

What Are The Cosequences Of Putting A Investment Property For Short Sale?

Would the lender Litten put a lien on my primary residense for the unpaid balance or would I get a 1099? Also what is a 1099, is it money you have to pay back as a gain when

Continue reading What Are The Cosequences Of Putting A Investment Property For Short Sale?

Foreclosure Forum

Anybody Gone Through With A Short Sale On Their Home?

we were letting our home go into foreclosure but decided to put it up for a short sale.
is this still gonna look bad on my credit?
and i heard you get a 1099 on it. true?

Foreclosure Forum

What To Do While Waiting For Short Sale Approval From Bank?

Im getting antsy. Is there anything i could do? Seller accepted so now im just sitting biding time.. Its been about a month already