Foreclosure Options: What is a Short Sale?
The housing market is certainly better now than it was a few years or even a few months ago, but many homeowners are still struggling.
If you are facing foreclosure and can no longer afford your home, you may qualify for a Short Sale—even if ...
Posted by Paula Henry on December 1, 2013 in Homeowners
Simple Real Estate Definitions : Short Sale
A 'Short Sale' is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.
By way of example, a Short Sale may be appropriate for ...
Posted by Paula Henry on February 2, 2010 in Real Estate Terms
WARNING - You Don't Need Their Help
It is part of my normal routine to contact lenders on behalf of my clients who are in the process of trying to obtain a short sale on their home.
Today, one of the lenders I called had an intro message warning their clients about third parties ...
Posted by Paula Henry on April 1, 2009 in Real Estate News
What is a Short Sale?
A short sale is the process by which a homeowner sells their home for less than what is owed to the current lender or lenders or when the cost to sell a home does not cover the current balance due the lender. A short sale is one option for ...
Posted by Paula Henry on December 31, 2008 in Real Estate News
Foreclosure Help in Indiana
Has your dream of home ownership turned into a nightmare? Does it seem you may never get caught up? What steps should you take to preserve your home and at what expense?
These are the hard questions facing those whose home is in jeopardy of being ...
Posted by Paula Henry on November 13, 2007 in Real Estate News