Since the real estate market crash, real estate fraud is at an all time high. The only way to protect yourself is to learn the signs of fraud and the recent laws and programs put into place to help victims. There have been 398,604 tenants evicted from homes already this year due to landlords in foreclosure and that number is growing daily.
Make no bones about it, selling in a foreclosure and short sale market is tough.
Generally, the only sellers who put their homes on the market in areas dominated by foreclosures and short sales are sellers who genuinely need to sell. This includes those sellers who accepted a job transfer, are going through a divorce or are retiring. For whatever reason, these types of sellers usually can’t wait for the market to turn around. They need to sell now.
Sellers want to know how much of a hit they will have to take to move that home in a market filled with distressed sales . . . read more about Selling in a Foreclosure and Short Sale Market.
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Selling Your Home in a Foreclosure and Short Sale Market originally appeared on About.com Home Buying / Selling on Monday, February 8th, 2010 at 05:00:33.
Some short sellers are astonished to discover that the bank may require a seller contribution on a short sale.
Should a seller make a contribution to get the bank to agree to approve the short sale? That depends. Most seller contributions can be negotiated with the bank. This means a seller might not have to accept the offer the bank initially proposes. Sellers often will agree to a contribution just to put the short sale behind them.
Moreover, if a foreclosure could result in a deficiency judgment, a seller might want to consider a contribution upfront, instead of on the back end, and try to put an end to the madness . . . read more about Short Sale Seller Contribution.
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Some Short Sale Banks May Demand a Seller Contribution originally appeared on About.com Home Buying / Selling on Monday, January 25th, 2010 at 05:00:30.
If you- or more likely, your client- are falling behind on your mortgage payments, don’t wait until it’s too late. We know foreclosures are on the rise, but there are many factors and options they may not know about, and it’s up to you, as a professional, to educate them about these options.
Ki Gray blogs about some [...]
Default Servicing News has highlighted Short Sales as the alternative to foreclosure…
HAFA (Homes Affordable Foreclosure Alternatives) …a build on HAMP, was introduced November 2009. It is a tremendous stride forward to protect the American Homeowner who is in a perilous position of upside down property values, unstable work environment and the rising cost of everything.
Some [...]
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