Tag Archives | negotiating short sale

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Flood of Service Releases Delaying Short Sales

A recent surge in service releases by lenders has significantly impacted the short sale market, resulting at best in lengthy delays for approvals, or at worst with the deal falling through completely.  Short sales were always more time-consuming and complex than a traditional real estate transaction. Now there are even more hurdles. Why the surge […]

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What Is The Short Sale Process?

A short sale is the sale of a property for less than what the owner still owes on the mortgage. A short sale is an alternative to foreclosure when a homeowner needs to sell and can no longer afford to make their mortgage payments. Here is an outline of how the short sale process works […]

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3 Reasons Why Banks Reject Short Sales

Every lender has different criteria for evaluating a short sale offer.  There are, however, common reasons why banks will reject an offer.  You can increase the chances of your short sale offer being accepted if you avoid these deal breakers. Short Sale Deal Breaker #1: The short sale package is incomplete. Get a no-cost, confidential short […]

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How Second Mortgages Affect Short Sales

Get a no-cost, confidential short sale consultation today. Q: How does a second mortgage affect my chances of successfully doing a short sale?  Julia in Bothell, WA A: Let me first say that after closing more than 1400 short sales the only thing they have in common is that they are all different.  The existence […]

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Learn the 5 Things Not To Say in a Hardship Letter

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