Here is a video/podcast from Oct. 6th 2009. 5 Short Tips on short sales:
Charles McMillan 2009 NAR President interviews 2009 President-Elect Vicki Cox Golder on what homeowners need to understand about short sales. There are unique tips like talking to a HUD counselor or finding one on the website hopenow.com.
There are many great [...]
Traditional short sale methodology:
When a real estate agent meets a seller of a house that is over leveraged and it is determined that the lenders need to take a discount in order for the house to sell the traditional method that is most widely used includes the following steps:
The listing meeting
The real estate agent meets [...]
Please take a look at this interview with Todd Rooker answering why Short Sale Assistants Group knows how to handle your short sales, and how they will work to get full satisfaction with your house loan/lender debt. Todd emphasizes the difference between what most agents do wrong, and what Ascendant Realty, LLC and Short [...]
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http://www.wecallyourbank.com/FREE/shortsalevsforeclosure.pdf
As you can see from the attachment their are a lot of advantages to doing a short sale over a foreclosure with your bank. You can see that it will take 5-7 to get financing with Fannie Mae if you lose a house to foreclosure, it’s only 2 years with a short sale. According to [...]
A Real Estate Short Sale is defined as: Lender’s agreement to accept less than what is owed (i.e. short payoff of what’s owing), as an alternative to a foreclosure.
Many homeowners today owe more on their house than what it’s worth. Homeowners are upside down (underwater on their house). In recent years lenders are finally starting to accept [...]
Short Sale Assistance Group discusses if you will qualify for a short sale. A short sale is when the bank is willing to take less than what’s owed on the property. The bank will want to review your financial situation to see if they need to help you out with a short sale. [...]
In this video Todd talks about Credit Counseling. He talks about common myths and truths about credit counseling. He talks about 90% failure rate on credit counseling. He talks about missing a payment into the payment plan, and how all of the internet and penalties accrue forward putting you in a worse spot [...]
Tom discusses how you can use a short sale to avoid foreclosure. He discusses how a short sale is the bank taking less than what’s owed on the mortgage. He talks about how a foreclosure can hurt you for up to 7 years, that’s why a short sale at only 2 years is a better [...]
9001 E. Bloomington FWYBloomington, MN 55420 Suite 117Short Sale Assistance Group LLCAscendant Realty LLC/Brokerwww.wecallyourbank.com
