Many borrowers wonder, “Why bother with a short sale? Shouldn’t I just let my property go to foreclosure?” - In most cases, the answer is ‘no.’ A short sale is a much better alternative to foreclosure or a deed-in-lieu of foreclosure because a short sale is usually less harmful to your credit and your future ability to borrow. A [...]
Short Sales
You’ve got to love reading through some of the Q and A on Trulia questions! I always love to clear up the consumer’s questions that seem to be so plain and simple for us but, not so simple for those who are not in our business. Here’s the short version of a recent question that [...]
There are a few misconceptions when it comes to short sales and whether or not a Wellington short sale seller or their bank has to sign a buyer’s offer. First, a short sale is an agreement between the short sale seller and the buyer, NOT the short sale seller’s bank(s). Even though the seller needs short sale approval [...]
Are you considering purchasing a Newport Beach short sale? If you are, then you will need to be prepared for some challenges that come up along the way. The definition of a short sale is the sale of real estate in which the amount yielded from the sale is short of the balance owed on [...]
Costa Mesa Condo – Just Sold 2336 Minuteman Way Costa Mesa, CA 92626 This three bedroom, two bathroom condominium located in the builder tract of Monticello just sold on January 15, 2010 for $290,000. This is an exciting time for the buyer, as it is her first home, and she is going to be moving [...]
What is a Short Sale? The definition of a short sale is the sale of real estate in which the amount yielded from the sale is short of the balance owed on a loan secured by the property which will be sold. That means that a property has more owed against it than it is [...]
