PremierLots | December 6, 2009
According to a recent article published 12/2/2009 on the Todayshow.com website, contributor Barbara Corcoran offered fresh insight into the government’s Making Homes Affordable program and where we’re at with the effort to successfully execute loan modifications. No not the temporary, partial modifications that waste your time and money. REAL MODIFICATIONS THAT WORK FOR YOU!
I’m a [...]
PremierLots | October 5, 2009
In the event that you decide to attempt to short sale your house, there are clear disclaimers that you need to be aware of. The following is a list that is specific to a short sale situation where the seller already has an interested buyer or a buyer writing up an offer.
YOU- (The [...]
PremierLots | September 20, 2009
A short sale is when the bank allows people to sell their home for LESS than the current balance on their loan.
Why would a bank do this?
Banks are in the business of making loans.
Lending money.
NOT managing properties.
The banks don’t want these non-performing assets on their books because it hinders their ability to continue to make [...]
PremierLots | August 5, 2009
If you’re facing foreclosure, but want to stay in your house you need to consider a loan modification.
Clearly most everyone would love to stay in their home if at all possible!
However, loan modifications are for people who can show the bank that they can & plan to pay the bank back.
A loan modification is for [...]
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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