Buying A Short Sale Home

Bill Gassett is a thirty-one year veteran to the real estate industry. He enjoys providing helpful information to buyers, sellers and fellow real estate agents to make sound decisions.

Bill, I certainly share your opinion and have whether I represent a seller or a buyer. Doing inspections before getting a short sale approved to me is a hidden negotiation tactic should there be.

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If you’re looking to purchase a home after a foreclosure or short sale, there will be actions you must take and certain time limits before you can start the buying process. Factors such as credit scor.

Q: Our current home is underwater. what your options will be if you short sell your home and then want to buy another property. Your credit history and credit score will suffer if you follow throug.

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You might be inclined to stop house shopping or buy big-ticket items, both monumental mistakes. Here are five things you should be sure not to do when making an offer on a short-sale home: We were.

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That’s because the person or entity that holds the mortgage wants to get rid of the home as quickly as possible. Not everything is rosy when it comes to buying a house through a short sale, however. F.

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Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not necessarily endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale.

A short sale takes place when the sales price of the home is less than what is owed on the mortgage. Once it’s sold, the bank agrees to forgive the balance due on the loan. The owner must have a hards.

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Before you even consider taking the plunge, understand what the terms mean. When the mortgage amount exceeds the value of the home, owners may attempt a “short sale,” in which the lender agrees to acc.

This post was contributed by a community member. The FHA is shortening the wait time for homebuyers who may have lost their last home to bankruptcy, foreclosure or short sale. In a recent announcement.

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