Short Sale CASE STUDY: 003

Ready! Set! Go!

The listing went active and we received an offer on the same day!  I guess we are off to the races.  I wold have liked to have had more time to get the process moving through Wells Fargo so that our buyer doesn’t get impatient.  The buyer, however is an investor using an LLC so I think he will be willing to wait.

Analyzing The Offer AND Buyer

Having an investor as the buyer is great for a few reasons: [Read more…]

Short Sale Podcast: 004 – Homeowners Questions Answered

In this episode of The Short Sale Podcast we answer some of the most frequently asked questions that homeowners have regarding short sales.

Have a question that wasn’t answered here?

You can comment on this posting and ask your question or contact us directly.

Short Sale Podcast: 003 – Paperwork

In Episode 3 we focus on the tedious task of paperwork. Visit the forms page for a breakdown of the common items needed in order to submit a short sale for approval.

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Short Sale Podcast: 001 – Top Question

In this inaugural episode, Dave McGuire of Northwest Debt Management discusses the #1 question he gets asked and the question that should be getting asked but isn’t.

Big Changes Coming to HAFA

It was announced on March 9, 2012 that the Home Affordable Foreclosure Alternative (HAFA) program was extended until the end of 2013.  Along with this extension come several huge changes that will benefit homeowners and allow for more participation in this program.

 

  • Occupancy Guidelines Waived
  • $3000 to seller even if tenant occupied
  • Up to $8500 to subordinate lien
  • Qualify even if current on payment
  • Credit reported as Paid in Full
Please note that I have not officially verified this information.  www.makinghomeaffordable.gov has not been updated to include this information.  I received this news from Alex Charfen of CDPE.

Let’s elaborate on these changes.

The first 2 changes mean that…