Selling a home below what is owed to the lender, also known as a short sale, may help a homeowner who has experienced a financial catastrophe or upside down on their property. The process does take some time to complete, and homeowners benefit significantly from hiring a professional to help with the short sale procedure. […]
When a homeowner experiences a financial crisis or emergency, selling a home for less than is owed on the mortgage may become necessary. This short sale may allow the homeowner to avoid entering foreclosure while also minimizing financial loss. Selling a home as a distressed property, which means it’s already in pre-foreclosure or foreclosure, is […]
Understanding the foreclosure process is important for all homeowners and potential home buyers. While nobody plans to deal with serious financial issues, it can happen to anyone. Understanding your rights during the process can help you avoid further issues. Below you will find the foreclosure eviction timeline. Foreclosure Eviction Timeline The foreclosure eviction process depends […]
While short sales are a great way to avoid foreclosure, there are potential issues that can occur throughout the process. In order to ensure you are prepared, it’s best to understand the possible issues that you could face with a short sale. Below you will find the most common short sale problems. Short Sale Process […]
Buying and selling a home can have varying timelines due to the number of steps and people involved in the process. The same is true for the short sale process. You may be watching the days go by and wonder, how long is the short sale approval wait? You are not alone and the answer […]
The Great Recession of 2008 led to the popularity of short sales as so many homeowners were unable to make their mortgage payments. While the economy inevitably rebounded, financial crises on a global and individual scale can occur at any time. This is why short sales are so valuable, as they can help homeowners sell […]