Why are some analysts saying that 2012 is the year of the short sale? A overwhelming number of upcoming foreclosure filings, level-headed and realistic homeowners, and forecasts of further decline in home value add up to homeowners making a business decision to short sale their home.
You might be writing a hardship letter for any variety of reasons: loan modification, short sale, or several others. This particular article relates to writing a short sale hardship letter, but most of the hardship letter guidelines and certainly the hardship letter sample is useful for almost any type of hardship letter.
"Do I have to miss a mortgage payment to do a short sale?" I hear this question a lot. It's a common misconception that being late on your mortgage payment is required for short sale approval, but it simply isn't true.
According to an article in New York Times, mortgage lenders are offering cash incentives to homeowners willing to short sale. Shed the high payment of an upside down mortgage and get paid to do it!
I just saved my client $653,898. Can your stock broker say that? Has your financial advisor ever been able to improve your bottom line by that much in two months? Shed your toxic assets to bolster your net worth in these tough economic times.
This Kara Homes & Associates Success Story showcases our strengths of customer service, teamwork, dedication and negotiation skills compared to the big law firms and brokerages with all the advertising.
Recently, Businessweek published an article stating that there's been a recent "dramatic shift" in banks' willingness to short sale. In fact, these lenders are even offering incentives to homeowners to short sale their home. Why the shift in attitude?
The Federal Housing Finance Agency's HARP program was detailed on October 24th 2011 and promises to help homeowners who's mortgages are underwater due to the current economic climate. President Obama is hoping this will help the homeowners avoid foreclosure and help stabilize the economy.