Short Sale Laws Expanded: Win for Homeowners as Short Sale Approvals Will Come Without Deficiencies
by Darlene Hutton on July 26, 2011Last week, Governor Brown signed a law prohibiting deficiency’s after a short sale. This is not only good for the homeowners, but Realtors as well as now, for the first time, homeowners will not be subjected to a deficiency judgment after the sale of their primary residence through a short sale.
Filing Bankruptcy While in a Short Sale: Tips on How to Successfully Negotiate a Short Sale with a Bankruptcy File
by Darlene Hutton on July 11, 2011If going through a short sale was not hard enough, what happens when you throw another component into the mix – bankruptcy. With the economic climate the way it is right now, more and more people are having to turn to bankruptcy.
Tips on Qualifying for a Short Sale: Prepare Your Documents and Work with a Knowledgeable Realtor
by Darlene Hutton on June 24, 2011It seems that every other house these days is a short sale and naturally many sellers wonder whether or not they will qualify. The answer is not everyone will qualify for a short sale, but for those who do, this process can be the best way for a homeowner to get out of a financial mess.
Stopping a Foreclosure Sale Date with a Short Sale: What Banks Need From Seller to Avoid Foreclosure
by Darlene Hutton on June 2, 2011There are many questions regarding if you can actually stop a foreclosure sale with a short sale. The answer to this question is YES in most cases.
Though this is not a 100% guarantee way to stop a sale date, submitting an offer to the bank before the sale date usually postpones the sale of the property. This will buy you some time to decide what are your next steps, if in fact you do want to short sale or try and save your home
What is a Seller Responsible for in a Short Sale?
by Darlene Hutton on April 14, 2011There are so many questions surrounding short sales these days. One of the most frequent questions I get is, “Do sellers have to pay anything to the bank in a short sale?
The Pros and Cons Short Sales and Some Areas for Improvement
by Darlene Hutton on March 9, 2011It seems you cannot go anywhere these days without seeing a home, in any given neighborhood, being offered for sale as a short sale. There is so much negativity surrounding shorts sales and much of the time it is with…
What do Banks Approve or Not Approve in a Short Sale?
by Darlene Hutton on February 24, 2011Short sales are becoming more and more prevalent in today’s real estate climate. However, there are still a lot of questions surrounding them notably concerning what the banks will and will not approve. Unfortunately, all banks are different and they…
Real Estate Tips: Can A Buyer Back out of A Short Sale?
by Darlene Hutton on February 2, 2011When it comes to short sales, there are a lot of issues and concerns. Both buyers and sellers get nervous as no one really knows what the rules are. Buyers seems to get very nervous as they are in the…
Short Sale tips for Homeowners Thinking of Selling
by Darlene Hutton on January 7, 2011If you are thinking of selling your home and you find yourself in a short sale situation, the best thing you can do for yourself is to contact a real estate agent who is well-versed in short sales. Short sales…
Offering on Short Sales: No Guarantee Till Lender Approval
by Darlene Hutton on December 20, 2010The most important thing to remember when offering on short sales is that there is no guarantee you will close the deal until the lender approves the short sale with your offer. While some people might say this is unfair,…
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