Short Sale

Daphne, Mobile, Alabama Short Sale Frustrations


Short sale frustrations could easily be the reason so many Daphne, Fairhope and Mobile, Al homes are headed to foreclosure. The lengthy time frame to complete a short sale, combined with hanging in the balance waiting for the mercy of the lender is wearing to say the least. A short sale can be a great … Continue reading Daphne, Mobile, Alabama Short Sale Frustrations

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Anatomy of a Short Sale


A short sale is the selling of Mobile, Alabama Metro area property to avoid foreclosure, the catch being that the property is being sold for less than the amount owed on it.  What makes a short sale tricky is that the sale price is not up to the seller, the lender has to agree to … Continue reading Anatomy of a Short Sale

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Do Not Believe The Many Myths You May Have Heard About Short Sales


If you currently are in a situation where you must sell your home and you owe more on your home than what it is worth to sell, a short sale can be a very good solution to your problem. Many myths have evolved over time, but understanding the reality is a way to help yourself. [...]

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The Three Most Important Things Lenders look For When Qualifying A Short Sale


There is so much misinformation out there these days about Short Sales. While this transaction may be a somewhat complicated process, here are the three very uncomplicated things lenders are looking for to see if you qualify:

Financial Hardship: This is defined as a verifiable reason that has or will cause you to miss a payment, [...]

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“Short Sales” Are Being Added To Housing Rescue Plan


Homeowners having financial difficulties and in fear of losing their homes to foreclosure could be helped by the newest addition to the government’s housing-rescue plan. It entails a standard process and incentives for a short sale. It will simplify the process for borrowers to transfer ownership of their home to the mortgage company through a “deed in [...]

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Avoiding Possible Short Sale Mistakes: Part II


Considering a short sale can be a daunting task if you are not armed with all of the necessary information regarding this type of transaction. Following are additional mistakes or problems that can be avoided if you know what to look for.

Time: There never seems to be enough of it when conducting a short sale. [...]

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Avoid Possible Short Sale Problems And Mistakes Before You Make Them! Part I


Considering a short sale can be a daunting task because it is a bit more complicated than a traditional home sale. Knowing what some of the common short sale mistakes are and their solutions can be very helpful for a successful outcome. Here are some of the most common mistakes made with this type of transaction, and their [...]

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Here Are The Seven Short Sale “Myths” That Could Lead You Right Into Foreclosure


If you currently are in a situation where you must sell your home and you owe more on your home than what it is worth to sell, a short sale can be a very good solution to your problem. Many myths have evolved over time, but understanding today’s reality is a way to help yourself. [...]

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If You Are Interested In Understanding What Qualifies You For A Short Sale, Here Are The Three Things Lenders Look For


Today many people are interested in Short Sales as a way to avoid Foreclosure. If you are interested in knowing more about a somewhat complicated transaction, here are the three very uncomplicated things lenders look for when qualifying a short sale:

Financial Hardship:  This is defined as a verifiable reason that has or will cause you to miss [...]

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If You Are Considering A Short Sale Keep These Things In Mind


Other descriptions for short sale listings might be described with the phrases ”subject to bank approval” or “subject to lien-holder approval” or “as-is”. Rarely will you see “short sale”, so it’s best to be armed with some crucial information about short sales before considering buying one.

In this type of transaction there is an additional party involved besides the buyer and [...]

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