Short Sales Gain Momentum

Some good news on the foreclosure front, more lenders are recognizing that agreeing to short sales is in everyone’s best interest.  In an interesting article by Bob Tedeschi of the NY Times, he notes that Bank of America is streamlining its short sale process.  As one of the country’s major lenders (which took over Countrywide [...]

Posted Under: short sales
This post was written by Sdecker on May 22, 2009 Comments (0)

5 FATAL MISTAKES THAT CAN WRECK YOUR REAL ESTATE SHORT SALE

If you can’t keep up with your mortgage payments and your house is worth less than the amount due on your mortgage, what can I do?   Unable to refinance your loan and falling further behind in your payments may lead to foreclosure and loss of the property.  A solution may be asking your lender to [...]

Posted Under: short sales
This post was written by Sdecker on April 29, 2009 Comments (0)