Post discussing options for luxury real estate owners utilizing short sales or strategic default.
Using simple asset protection strategies allows you to protect your assets from unforseen events, lawsuits and bad tenants. Here are 3 asset protection tips that apply specifically to real estate investing.
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 client received short sale approval, $3,000 from HAFA, no deficiency judgment, and kept their excellent credit. It doesn't get much better than this!
A lot of people think that they won't qualify for a short sale because their income is too high, or they don't want to short sale because they think it will damage their credit score. The truth is, all homeowners qualify for a short sale and a short sale can be done without missed payments, resulting in very little credit damage.