It’s no secret that there are hundreds of thousands of homeowners out there that are in behind on their mortgage payments and need help selling their house via a short sale to get out from under the burden of a debt they can no longer pay. Heck, that’s why we’re in business…to help these homeowners! [...]
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Banks Choose Foreclosure Over Short Sale – Due To Accounting Rules
As you know the short sale business is not one in which every transaction closes successfully. There are dozens of variables that can put the brakes on a short sale and result in the foreclosure, and that pretty much sucks for everyone involved. And it’s happened to me too….albeit not that often. Over the last [...]
Question #8 – What If I File Bankruptcy During a Short Sale?
The Short Sale Monkey’s Most Commonly Asked Questions – Video Series Question #8 – What If File Bankruptcy During a Short Sale? This doesn’t come up very often, but when it does it can be very confusing. Homeowners facing foreclosure often get a kitchen table full of marketing messages from people that say they [...]
During an FHA Short Sale, Do I Have to Live In the House?
The Short Sale Monkey’s Most Commonly Asked Questions – Video Series Question #7 – During an FHA Short Sale, Can I Live In the House? There are situations when clients have lost a job, then found one in another city and have to move during their short sale process. Or, they have already moved and [...]
Is a Short Sale Possible With An FHA Loan?
The Short Sale Monkey’s Most Commonly Asked Questions – Video Series Question #6 – Is a Short Sale Possible With An FHA Loan? Quite often, our clients will assume that because they have a “government loan”, or FHA loan, and they’re behind on payments, that a short sale is not possible. In fact, we have [...]
In a Short Sale, What If I Have More Than One Mortgage?
The Short Sale Monkey’s Most Commonly Asked Questions – Video Series Question #5 – In a Short Sale, What If I Have More Than One Mortgage? Quite often, homeowners faced with foreclosure think there is no hope, it’s a “lost cause”, it’s just too complicated, especially if they have more than one mortgage. They think [...]
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