Short Sale Hardship Letter Examples

December 31, 2009

If you need to write a short sale hardship letter, there’s no doubt that you’ve been scouring the Internet looking for good information and examples. No offense to Google, but with so many websites out there, it can be hard for a robot or program to find the very best hardship letter examples the Internet [...]

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Need Help With a Short Sale Hardship Letter?

December 9, 2009

If you need help writing a short sale hardship letter, you’re not alone. The problem is if you type that into Google or another search engine you’re going to be bombarded with thousands if not millions of results of people pitching you this or that. There has to be an easier way to sort though [...]

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Short Sale Money: Is Now the Time?

December 8, 2009

We’ve talked a lot about one side of short sales on this blog, but what about the other end. While the two groups might not want to mix in public, there is another side to short sales – buying up foreclosure properties to make a profit. While some might call these people vultures, it is [...]

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Pros and Cons of Short Sales

October 14, 2009

A short sale occurs if a lender agrees to take the proceeds from the sale of the property as payment in full for the balance of what the seller owes even if it is less than the outstanding loan. This often occurs when the homeowner experiences a financial hardship and wants to avoid the stigma [...]

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Pros vs Cons Foreclosure or Short Sale

October 13, 2009

A short sale is often recommended as a way to avoid foreclosure. But how exactly do short sales and foreclosures compare with regards to advantages and disadvantages? A foreclosure may prove to be embarrassing to the homeowner and his credit score will take a beating but there are also some advantages. These include the fact [...]

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Short Sale Credit Damage

October 12, 2009

A short sale is often used by homeowners to avoid the negative effects of a foreclosure. However, they may often wonder what exactly the effects of a short sale on their credit score is to determine if a short sale is really a better option than foreclosure. To start with, the homeowner can have the [...]

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What Is a Short Sale?

October 12, 2009

A short sale is type of deal in real estate where the purchase price is less than the outstanding loan of the homeowner. The mortgage lender or bank agrees to the reduction in the payment for the loan in consideration for the financial hardship that the debtor is undergoing. In effect, it is the homeowner [...]

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Short Sale Hardship Letter

October 11, 2009

The short sale is one of the popular alternatives to avoid the embarrassment that comes with a foreclosure. However, the problem with a short sale proposal is that the lender will not be excited with the idea because he will be incurring a loss. It is therefore vital to show to him that you are [...]

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Short Sale in Real Estate

October 10, 2009

The short sale in real estate permits the homeowner to be spared of the shame and social stigma that may come with a foreclosure. There is no guarantee that the mortgage lender will accept the short sale but when he does, this means that he will be getting an amount that is less than the [...]

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Understanding the Short Sale Process

October 9, 2009

Investors can often make a substantial profit during a short sale. Thus, it would be beneficial for them to know the process through which a short sale goes through, from the discussions with the homeowner until the closing of the sale.

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