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    • short sale homes FAQ

    How much can you offer on Short Sale homes??

    Sep 04, 2007 by Merisa | Posted in Renting & Real Estate

    We are looking to purchase a home that is currently being sold as a short sale. It was listed for $155,000 and now being listed as a short sale for $139,900. With the housing market being SO bad, we don't know what to offer. We don't really even know

    A short sale (or sometimes called a compromise sale) occurs when a mortgage company agrees to help a homeowner sell their house even though the homeowner can't sell the house for enough to pay off the mortgage.

    If an owner in that situation

    glenn | Sep 04, 2007

    $100
    igi | Sep 04, 2007

    do sellers pay closing costs in short sale homes?

    Apr 27, 2009 by wolf68 | Posted in Renting & Real Estate

    We are first time home buyers in Nebraska. We are looking at a house that is short sale and were wondering if the seller usually pays closing costs for the house?

    of course they will pay.

    If you wanted to pay $200,000 for a home you would offer $205,000 and ask that seller pay $5,000 in closing costs.

    it is all the same to seller. They received a $200,000 offer. No one cares how it

    David Z | Apr 27, 2009

    Not usually since they are already in hock with the balance left after the short sale.
    reenzz | Apr 27, 2009

    Are bidding wars usual on short sale homes?

    Dec 13, 2009 by C G Pop | Posted in Renting & Real Estate

    Will my realtor inform me if someone is outbidding me? Do sensible people stay away from short sales that say "contingent" on the MLS listing? Am I naive to assume I am the only one bidding. I am the first one to make an offer so I hold the

    A lot will depend on the contract, I have seen contracts that state all other offers to remain in back up positions. Another factor is what the lender does. By this I mean for who I work for, we only review one offer at a time. Short sales require

    Big daddy | Dec 13, 2009
    Are there public list of homes prior to foreclosure and people interested in short sale?

    May 27, 2010 by Thom | Posted in Renting & Real Estate

    I am looking for people interested in short sales for homes and I need a list of people who need their homes sold fast. Is there a public list that I can use to find people who really need help with this? Would the banks provide the information if I

    Yes, there is. Any real estate agent can get you a list of short sale houses, they are listed that way in the MLS. However, those are not going to be sold fast, short sales take a very long time because the bank has to get involved.

    Landlord | May 28, 2010

    short sale homes news

    foreclosure means waiting years for new loan

    18.05.12

    Next to filing for bankruptcy protection, nothing wrecks your chances of qualifying for a home loan like a foreclosure.

    And if you got out from under an oppressive mortgage through a short sale — when the bank agrees to accept less than what the homeowner owes — lenders can look upon you just as unfavorably.

    It’s a reality that the former owners of the more than 4 million homes lost to foreclosure in the six years since the housing bubble burst will have to confront if they want to own again. But the passage of time makes all the difference.


    Source: Boston.com

    short sale homes about


    Buyer beware: Short sales aren't short - or easy
    KVAL - Apr 28, 2011 Buyer beware: Short sales aren't short - or easy That's especially true when you're dealing with what's known as a short sale. This Renton home cost the buyer $6000 more than he expected due to complications that arose during the "short sale" process. New numbers show local home values are down more

    Realtors applaud bill to speed lender response
    NorthJersey.com - Apr 28, 2011 "As the leading advocate for home ownership and housing issues, Realtors want to help more homeowners avoid foreclosure by facilitating a short sale when a family is absolutely unable to keep their home; however, that can only happen if lenders and

    Buying Short Sale & Other Distressed Properties
    HeraldNet - Apr 28, 2011 What can you expect when making an offer on a short sale or bank owned home? How to manage your expectations, different types of loans that will help you with that REO fixer, and more. Are there risks to buying a distressed property and what are they?

    The cost of skipping a house payment
    MSN Money - Apr 28, 2011 The cost of skipping a house payment A short sale (in which the lender lets you sell your home for less than the mortgage balance, absorbing a loss). A deed in lieu (a defaulting owner surrenders the deed to the lender). A bank settlement with no deficiency balance (the bank loses no

    Equator clients complete 675000 short sales
    Housing Wire - Apr 28, 2011 The platform — ShortSale360 — is designed to contain all relevant documents for a short sale and transport them to all parties involved. The technology includes compliance guidelines for the government-operated Home Affordable Foreclosure