Best Side Of The West Side

The two main questions a lender asks itself when reviewing a short sale packet are: 1) Is this property going to go into foreclosure? 2) If this property goes into foreclosure, will we lose less money by approving a short sale? Even if the hardship does not meet the criteria of a true hardship entirely, [...]

You have alternatives.  I can help.  Facing foreclosure is difficult. I know. A lot of my best clients have been in the same situation. As I have told them, I want you to know: It will be all right, you will get through this. Looking back, I remember the anxiety, the pressure, and the problems that [...]

For home sellers who owe more on a mortgage than what their home is presently worth, it is not as hopeless as it might seem. Negotiating a short sale with the bank can and may be the best answer to their problem. This means that the seller or their agent sells the underwater property to [...]

Why Some Short Sales Never Sell A lot of short sale sellers realize that it is not easy to sell a home as a short sale – sometimes a little too late. Short selling a home is a complicated process, and if not carried out correctly, may not go as planned and / or can [...]

Today I wanted to talk to you about bankruptcy. I have met with homeowners in the past, who were struggling with their mortgage payments, and have considered filing for bankruptcy in order to avoid the foreclosure process. Even if this may be the best option for your current financial situation, I suggest that you meet [...]

As my short sale inventory increases, I’m finding it absolutely essential to be able to explain the short sale process in a way that help distressed homeowners feel comfortable and confident in the process. As I always, say: “there’s nothing short about a short sale”. Although every short sale is a unique transaction, the average [...]

Through my latest affiliation with PartnerFirst.Org, I have learned the ‘Magic Bullet’ to determining if a short sale is viable for a homeowner that’s struggling to make their mortgage payments and/or if a loan modification may be a better option. The company is called National Mortgage Consumer Counseling (NMCC). Their tag line: “Helping Homeowners Take Control” [...]

I can promise you that it’s anything but a short transaction! Simply put, a short sale (also referred to as a ‘pre-foreclosure’), involves the sale of real estate whereby the proceeds from the sale fall short of the balance owed on a loan secured by the property. In a short sale, the bank or mortgage [...]