Short Sale Steps

Amanda Roberts gives an overview of the short sale process. If you are thinking about doing a short sale, watch this video first. Check out the latest video here:  

You should consult with your tax advisor as to the tax implications on short sales and foreclosures and how they relate to your financial situation. In general, this is what you should be aware of: Forgiven Debt on Short Sales Forgiven debt is when a borrower escapes some of the debt they owe on their [...]

What if I have a second mortgage? It doesn’t matter if you take out a second mortgage to help buy the home or if you have secured a home equity loan after the fact. The second lender will always be in second position, unless the first is willing to subordinate. Ordinarily, a mortgage lender who [...]

With the short sale steps plan, I will walk you through the short sale from start to finish and be able to answer some of the most common questions and concerns that many homeowners have when faced with doing a short sale. From contacting the lender in the beginning of the process to rebuilding your [...]

Statistics The economy, job losses and a record number of foreclosures and short sales have resulted in homes under contract for the month of November 2008 falling 4.0 percent to 82.3 from 85.7 in October 2008. This is 5.3 percent below November 2007 pending contracts which were 86.9 according to the National Association of Realtors [...]