I received this email in my inbox this morning from my local Realtor board. While I know not everyone is happy with the provisions of this bill, there are several that as they pertain to real estate, that were important wins: “Late last night the U.S. House of Representatives voted 257-167 to pass the U.S. […]
Ask a Realtor: How Long After a Short Sale Before I Can Qualify for a Mortgage Again?
For many people, the decision between foreclosure vs. short sale is a tough one – and one factor that weighs on people’s minds is how long before they can buy a home again. This chart explains, based on different types of loans, the timeline before you can qualify for a mortgage again after a short […]
Ask a Realtor: Do I have to Stop Paying My Mortgage to do a Short Sale?
Many homeowners that are considering a short sale often wonder if they have to be late on their mortgage in order for their lender to consider them a candidate for a short sale. I understand – many people have good credit scores, and don’t wish to have them plummet if its possible to preserve that […]
New Listing: Investment/Rental Property or Home for Larger Family
I have recently listed this 4 bedroom 2 and 1/2 bath two-story home in Riverview. It’s a short sale and its listed at a mere $130,000 and features over 2,000 square feet of living space. This would make a perfect investment/rental property as it rents between $1,300-$1,400 a month, or would be great for a […]
Big Changes to the HAFA (Home Affordable Foreclosure Alternatives) Program
Big new HAFA Changes Effective June 1, 2012! Click here to find out more about what exactly a HAFA short sale is. A great read for anyone that is thinking in doing a Short Sale, very important update that are about to take place in the Upcoming weeks: The Obama administration released its latest version […]
Bank Gives $8,200 in Cash To My Client for Doing a Short Sale
Bank of America just accepted a short sale on my client’s property AND gave him $8,200 in cash back at closing! WOW. This was part of a pilot program Bank of America was doing last year and my client was lucky enough to be part of it. Many lenders are doing similar programs right now […]
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