It's been predicted by many that 2012 will be the 'year of the short sale', especially in states like Florida, where the foreclosure rate is rising. Do the latest real estate market stats for Central Florida support that prediction? Here's the data, you decide!
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.
October 2011's market stats are in and the numbers are proving to be only slightly different from last month's. This is typical for this time of year as people are gearing up for the holiday months. Real estate in general tends to slow down this time of year, but these statistics can give us insights into what the future may hold.
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!