A short sale is a last ditch effort that a home owner can use to pay off his mortgage, if he has fallen behind on payments and is facing foreclosure. A short sale in the simplest terms, is selling the property for less than the balance on your mortgage. If you still owe $100,000 on [...]
February 15, 2010
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You are wanting to buy an investment property through a short sale, but you want to get the best possible price. Everyone else is motivate to get the highest price possible, while you want to get the best value. You need to influence the Broker’s Price Opinion (BPO) to make the purchase fair and a [...]
February 15, 2010
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Many people are on the fence regarding what a short sale is and can do. More than likely you have heard more negative than positive about these sales. However, many individuals have no problem with real estate short sales. It can be a great deal for an investor and may not be so bad as [...]
February 15, 2010
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Understanding how to negotiate your short sale can get you a steep discount on your new home. It is important to handle the sale professionally from beginning to end. Directly contacting your loss mitigations department, providing all the necessary documents, and negotiating around your appraisal will assure that your short sale goes smoothly and you [...]
February 15, 2010
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