Short Sale

Does a Short Sale in the Condo Complex Lower all Prices There?

(Source: The Boston Globe by Rona Fischman) – Mike wrote to me with a question that is on the mind of anyone who owns a condo in a building where there is a short sale or foreclosure.


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Preventing Foreclosures By Making “Short Sales” Easier

FRESNO, California (Source: KFSN Linda Mumma) — California realtors are calling on lenders to do more to prevent families from going into foreclosure. This after a recent survey found more than half of Central Valley realtors characterized closing short sale [...]


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Mediation Efforts Fail To Stem Foreclosure Tide

PRINCE GEORGE’S COUNTY, Md. (Source: MSNBC By Kat Aaron and Mary Kane) — On a hot summer evening, two second-year law students are trudging through the leafy neighborhoods of suburban Prince George’s County, knocking on doors. Toting stacks of fliers, [...]


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An Insider’s View of Surviving a Short Sale

(Source: Chicago Tribune By Jim Buchta) – Chris Willette became a short-sale expert the hard way: He did his own. Almost three years ago, the Edina (Minn.) Realty sales agent found himself in the unenviable position of having to persuade [...]


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Tortured By Bank Of America

(Source: Cornado Eagle and Journal) – Last weekend an open house was held at our former home at 1502 Glorietta Blvd. The Broker, representing Bank of America is asking less than $1.9 mm for this beautiful property. We bought the [...]


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Q&A: How to Survive a Short Sale

(Source: By JIM BUCHTA Star Tribune (Minneapolis) – Chris Willette became a short-sale expert the hard way: He did his own. Almost three years ago, the Edina (Minn.) Realty sales agent found himself in the unenviable position of having to [...]


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Short Sales, Foreclosures Taint Myrtle Beach Area Real Estate Market

(Source: The SUn News By Adva Saldinger) – The Grand Strand real estate market remains in a precarious position as sales waver and prices continue to drop, according to data released Monday.


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Short Sales Are Targets For Mortgage Fraud

SAN DIEGO (Source: KBPS By Erik Anderson) — California investigators say there are a lot of people trying to take advantage of the complicated short sale process. Short sales happen when people try to sell their homes for less than [...]


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Chase Borrowers Getting Cash to Complete Short Sales

(Source: Sun Sentinel By Paul Owers)  – Chase, one of the nation’s largest lenders, is quietly offering some homeowners a deal they think is too good to be true.


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Are Short Sales Driving Prices Down?

(Source: DanvillePatch By Lauren Holloway) – I receive Real Estate magazine in my mailbox each month. This is a magazine that is part of my real estate association membership, and always has some pertinent articles in it.


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Living Through the Short-Sale Process…

(Source: CPBJ Now By Jeff Geoghan) – Short sale: The dreaded process by which a homeowner undertakes to sell their home for less than they owe on the mortgage, asking their creditor to take a loss and forgive the outstanding [...]


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Avoid ‘Charge Off’ in Short Sale

(Source: OC BY CHRIS DIAZ) – Register Dear Sir: I currently have an equity line of credit (2nd), which I have been attempting to modify with the bank (Indy Mac or Bank West). They have been unresponsive although I have [...]


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Short Sales Frustrating, But Better Than Foreclosures

June 12 (Source: By Rebecca U. Cho, San Bernardino County Sun, Calif.) – Short sales have been anything but short in duration.


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New Short-Sale Contracts Upsetting Realtors

(Source: Herald Tribune By Michael Braga) – New short-sale contracts issued by two of the largest banks in the country are causing concern in the local real estate community.


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Home Equity and Short Sales

(Source: Seeking Alpha by: Tim Iacono) – I’m a little late getting to this WSJ story  about the Corelogic report on negative home equity and what often follows it – a short sale. But, it seemed worthwhile to bring it [...]


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Ask a Real Estate Pro: Do I Still Owe the Bank After a Short Sale?

(Source: Sun Sentinel By Paul Owers) – Lawyer and real estate consultant Gary M. Singer answers housing questions in this space each Friday.


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Short Sales Getting Faster

(Source: Mercury News By Eve Mitchell) – When it comes to short sales, the real estate transaction involving a mortgage that is worth more than the home it is tied to has long belied its name as a quick deal.


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Sometimes a Short Sale is the Best Option for Homeowner

(Source: Sgv Tribune) – With the latest news out over the weekend on the dismal housing values here in Southern California one can assume that all the government acronyms HAMP, HARP, HASP, NSP, FHFA, HAFA, etc., are all brought to [...]


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Short Sales Gain More Acceptance

(Source: KPBJ Rodika Tollefson) – The sharp dropped in real estate values that left many homeowners “upside down” in their loans (owing more than the home is worth), which gave rise to shot sales — banks agreeing to allow homeowners [...]


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California Court Says Bank Needs to Keep Promises

(Source: International Business Times By Bob Hunt) – Most everyone who has been exposed to day-to-day conversations about short sales and loan modifications has heard countless stories of bank errors, misstatements, bad faith, and downright duplicity. More often than not, [...]


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Parents worry a foreclosure could stall student loans ‎

(Source: NJ.com) -Q. My husband and I invested in a rental home in Florida when prices were at their highest about six years ago. Since then we had some financial setbacks and are currently trying to sell that rental home. [...]


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