Quad Cities For Rent By Owner

Short Sale

Need help understanding about short sale?
What does this mean? We are almost 4 months into a short sale. We got a verbal acceptance from seller day after we put in the offer but havent heard anything from the bank. SHORT SALE LENDER > Thank you for the response. I will need to submit this to the investor > for approval. Once I hear back from them I will let you know. Thanks >THE LIST AGENT > It usuallly takes 2-4 weeks to hear from the investor. We should get an > approval letter at that point. If you have any questions please feel > free to contact us. Thank you. We were told a month ago they had everything they needed. 3 weeks ago we were told they had already sent our file to the processor and now we have to deal with a investor? Not quite sure what the investor does? Can you please help me understand this. thank you so much i know what a short sale is i want to know what the investor part means.

Get the answers...

Should I refinance my mortgage?
I originally paid 135k and the current balance is 100k. The property is only worth 50-55k. I've had a fixed rate of 5.625% for more than seven years and my monthly payment is $760, I could refinance to 5% and save about $200/month. I know I will be giving up a lot of paid-off principle, but does that really matter? Is there a huge advantage to lowering the principle faster with my current mortgage, besides allowing the value to get even so I could do short sale if I had to? I'm planning to keep the place as long as I can...

Get the answers...

What is the advantage to having a mortgage backed by Fannie or Freddie?
Is it that much more important to avoid foreclosure through a short sale, to get less time barred from getting a Fannie/Freddie loan? Why does it matter if I can't get one?

Get the answers...

Short sales!! Ugggggghhhhhh!?
Ok so we put an offer on a house almost four months ago. It's a short sale. I talked to my realtor he doesn't know what's going on n whats taking the bank so long...we have to sign another extension date we already signed like four uggggh!! Well I was online looking at the house and one of the websites says pending on the house...others don't show that...what does that mean? We getting close to closing? Any ideas??

Get the answers...

How long would I have to wait to buy a house after a short sale?
I signed the short sale in October 2010, and some people say 2 years and some say 3. What am I really looking at?

Get the answers...

Short-sale aid takes shape

Banks might be coming around to the idea that helping people behind on their mortgages sell their properties might make more sense than foreclosing.

New Book Exposes Top Secrets Behind Short Sale Transactions

Author Joseph M. Guarino Jr. offers a useful guide for the realtor, homeowner and investor regarding short sale secrets that banks don’t want anyone to knowDeer Park, NY (PRWEB) May 20, 2012 A short sale is a property that sells for less than the balance owing on its mortgage. A short sale can be an underwater home, an apartment building or even vacant land. If there is a mortgage balance that ...

Facebook triggered short-sale rule Monday

Bank of America offers up to $30K for short sale

Upon completion of a short sale, qualifying Bank of America borrowers could receive up to $30,000 in relocation assistance

Facebook trading tiggered short sale rule Monday

Facebook Inc. FB shares racked up a couple firsts in their first full day of trading Monday--but not the kind the social network was hoping for. After eking out a 23-cent gain Friday, the stock finished Monday down $4.20, or 11% at $34.03; any decline would have marked an all-time bottom for Facebook stock and its first losing day.

Sen. Lee forced to sell ‘dream home’ in short sale

Sen. Lee forced to sell ‘dream home’ in short sale By Thomas Burr The Salt Lake Tribune Published May 17, 2012 06:31PM MDT Washington • Less than two years into office, Sen. Mike Lee was forced to sell his dream home in Alpine with his mortgage bank taking a significant loss — up to $400,000 — in a “short sale” as the housing bust in his neighborhood drained his house’s value. Lee purchased the ...

Short sale could earn you $30k

Bank of America customers who complete a short sale could receive up to $30,000!

Short Sale

Recommended Products

Short Sale News

Short-sale aid takes shape

New Book Exposes Top Secrets Behind Short Sale Transactions

Facebook triggered short-sale rule Monday

Bank of America offers up to $30K for short sale

Facebook trading tiggered short sale rule Monday

Sen. Lee forced to sell ‘dream home’ in short sale

Short sale could earn you $30k