PremierLots | November 12, 2009
Yes!
It’s true!
If you’ve ever thought about, simply letting your home be sold at foreclosure to avoid a deficiency judgment, think again!
Maybe you’ve even been advised that if you can’t get your lender to waive the difference in a short sale or deed in lieu of foreclosure, to just have them foreclose; logic being that, at [...]
PremierLots | November 4, 2009
We get asked this all time, but the truth is no one but an attorney should give you council on whether or not it is in your best interest to continue to pay your mortgage payments. That said, there are advantages and disadvantages to both scenarios when trying to strategically accomplish either a loan modification [...]
PremierLots | October 26, 2009
Loan Modifications & The Making Homes Affordable Program- What do you need to know?
Have you heard about the Making Homes Affordable program?
It’s yet another program set up by our federal government to get the economy and housing market back on track, but what does it mean to you?
If you are a homeowner you should know [...]
PremierLots | August 5, 2009
QUESTION:
If I conduct a short sale, will I be sued for the difference of what I owed the bank?
Talk about insult to injury!
ANSWER:
It depends. If the lender performs a judicial foreclosure- they can. So, will they?
In Washington state it is legal for lenders to perform either a judicial or non-judicial foreclosure.
What does that mean?
A judicial [...]
Welcome! We've set up this blog as a place for homeowners and real estate agents affected by the market's current flood of short sales. Bellevue Short Sale Experts encourage you to post your questions and comments here as we take pride in providing quality consultation that is open to checks and balances in this community forum.
We invite you to join our Q&A, as you empower yourself by gaining the knowledge you need to make informed decisions regarding your short sale situation.
A short sale is trying to get a property sold -short of what the homeowner owes to the bank. If you are a homeowner this is often a better option than foreclosure.
If you're trying to stay in your home, we suggest filling out our loan modification criteria to see if you're a candidate to modify your loan. If you're not qualified- it's time to look further into the short sale process.
AGENTS- We have systems in place to negotiate your short sale & get it on the MLS with lender approval! What's better? You get to do what you do best: market, buy & sell real estate while forgetting the stress of your short sale listing and collecting FULL COMMISSION! Inquire today to see how you can work with us.
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