Category: Short Sales

Considering a Short Sale?

A short sale is the sale of a home for less than the balance owed to the original lender.  Short sales are commonly used by homeowners to avoid foreclosure, but both lender and borrower must agree to the short sale.  Banks prefer short sales because they are generally less costly than foreclosures.  A short sale […]

What Are Some Benefits of a Short Sale?

A short sale is a real estate term that describes a home owner being approved by their lender to sell a property for less than the amount owed on the original loan. In most cases, the lender that agrees to the short sale will agree to forgive the remaining debt. There was a time when […]

Avvo: Misleading consumers and lawyers alike

Avvo ranked U.S. Supreme Court Justices Ruth Bader Ginsburg and Samuel A. Alito Jr. with a 6.5, the same rating as a lawyer who is serving a prison term for conspiracy

Guidelines for new Home Affordable Foreclosure Alternatives Program (HAFA)

HAFA provides incentives in connection with a short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure

Why Short Sales and Modifications Take So Long — and What to Do About It

For people looking to buy distressed property, it is a lot faster and easier to buy a foreclosure than a short sale because the bank has already taken back the property and wiped out the liens

Short Sale vs. Foreclosure

Homeowners that can’t meet the demands of lenders in a timely manner, whatever the reason may be, are subject to seizure and the loss of their home.