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Short Sale

Who Will Bailout the Taxpayers?

Posted by: brad miller in Sub Prime Lending, Short Sale, Refinance, Recession, Real Estate Investment, Real Estate Agents, Pre Foreclosure, Over Leveraged, Over Financed, Mortgage, Market Prediction, Market Bubble, Legislation, Investment, Foreclosure, Financing, Economy, Credit Report, Credit Cards, Bankruptcy, Bank Owned, ARMs on Sep 23, 2008

Bail Out For a while now, many can spectulate the trouble started at the tail end of 2006 with the mortgage industry busy, the American economy has been struggling, facing uncertain times. Many understand the historic significance of last week but the implications of a federal bailout has yet to hit home. With the annoucement that the Federal Reserve will aid the ailing AIG with an $85 billion

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Fannie Mae Makes Short Sales Easy

Posted by: Investors Lounge Online in Sub Prime Lending, Short Sale, Recession, Pre Foreclosure, Mortgage, Foreclosure, Economy, Bankruptcy on Aug 04, 2008

News flash for all real estate investors looking for the ultimate bargain! Fannie Mae, the nation's largest home mortgage lender, is making it easier to take advantage of "short sales" on houses in risk of foreclosure or already in the proceedings of foreclosure.

For those not familiar with "short sales", let me just say it has nothing to do with a drop in business. "Short" actually refers to

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Do You Qualify For A Loan Workout?

Posted by: Investors Lounge Online in Short Sale, Refinance, Recession, Pre Foreclosure, Mortgage, Market Prediction, Market Bubble, Loan To Value, Legislation, Investment, Homeowners Act, Foreclosure, Financing, Economy, Bankruptcy on Jul 11, 2008

Like holding your breath underwater, homeowners facing foreclosure are desperate for air. While the solution of coming up and taking a breath seems simple, the work needed to get out of water can be a challenging journey. Many struggling homeowners face the journey of avoiding foreclosure and seek help to prevent it, thus beginning the quest loan workouts and restructuring.

When the pressure

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Who is Going Into Foreclosure?

Posted by: John Burrows in Sub Prime Lending, Short Sale, Refinance, Recession, Pre Foreclosure, Over Leveraged, Over Financed, Mortgage, Market Prediction, Market Bubble, Loan To Value, Foreclosure, Financing, Economy, Brokers Price Opinion, Bankruptcy, Bank Owned on May 23, 2008

A new study says a tidal wave of foreclosures-about 1.1 million- will soon flood the nation.

Christopher Cagan, director of research and analytics for First American CoreLogic, explains that the study focused on 8.4 million adjustable-rate mortgages (ARMs) that were obtained in the period of 2004 to 2006. More than a million of those borrowers will lose their homes to foreclosure in less than

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Lenders, Buyers and Sellers ... Apprehensive About Short Sales ..

Posted by: Investors Lounge Online in Short Sale, Brokers Price Opinion, BPO on Apr 23, 2008

With the state of real estate markets, coming to an agreement between buyer and seller is difficult enough. This difficulty is increased when a so-called short sale is attempted, usually by a borrower struggling with their home loan. In these situations the seller must also have the approval of their mortgage lender.

Short Sales The term short sale refers to an owner attempting to sell a property for an

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Why Would Lenders Do a Short Sale?

Posted by: Elliot Barron in Short Sale on Apr 20, 2008

A short sale is negotiating with the lender to release the lien that is secured to the property upon receipt of less money than is actually owed, meaning, getting a lender to take less than what is owed on the loan. For example, if a seller owes the lender $80,000 on their property, and the seller sells the property to you for $50,000, the seller is going to be roughly $30,000 short of money to

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