Negotiating a short sale does not end at the price. Increasingly, more lenders are requiring sellers to pay back some of the loss absorbed in a short sale. Before signing a short sale agreement, sellers should take notice of any mention of a required payback. Lenders may consider removing such language if pushed back by [...]
Tags: approval, lenders, negotiating, short sales, shortsales
The Orange County Register published a great article addressing short sales. In the article, real estate agents debate whether they are seeing any improvement in the way lenders process short sale requests. The article also highlights some benefits and pitfalls for sellers involved in short sales.
DHW asks: Do you think short sales are becoming easier?
Share [...]
Tags: Housing, lenders, short sales, VA compromise sale, VA short sale
Critics of the Housing Tax Credit were quieted, if only briefly, when the National Association of Realtors (NAR) released data for third quarter home sales. According to the trade group, home sales increased by nearly 6% over this same time last year. Despite the spike in sales, prices have fallen more than 11% during the [...]
Tags: $6500, $8000, $8000 tax credit, 177900, 2009, 2010, 6500 tax credit, 6500 tax credit extension, 8000 tax credit extension, bottom, Builders, buyers, congress, down, extension, first time buyers, first time homebuyers, foreclosure, foreclosures, home, home buyers, home prices down, home prices down sales up, home sales, home sales data, home sales up, home sales up prices down, home seller, home values, homebuyers, Housing, housing bottom, housing credit extension, housing inventories, housing inventory, housing news, housing prices, housing report, housing sales data, housing tax credit, inventories, inventory, lender, loan, mortgage, nar, national association of realtors, Obama, president barack obama, President Obama, price, Real Estate, real estate news, realtor, realtors, Sales, sales data, short sale, short sales, tax credit, tax credit extension, third quarter, up, VA compromise sale, worker home ownership and business assistance act of 2009, worker homeownership and business assistance act of 2009
Fannie Mae is expanding its ‘Deed for Lease’ program to help thousands of homeowners facing foreclosure. The program is designed for those who want to stay in their homes but do not qualify for President Obama’s loan modification program. Participants transfer their title to Fannie Mae and rent back for up to one year.
Tags: barack obama, deed for lease, deed for lease guidelines, deed in lieu, deed in lieu of foreclosure, fannie mae, foreclosure, freddie mac, guidelines, home owners, homeowners, Housing, lease, leasing, Obama, President, president barack obama, President Obama, Real Estate, real estate news, rent, renting, Sales, short sale, short sales, shortsale, shortsales
Category: