Here are some general time frames for getting a new home loan after going through a short sale. [Read more…]
Defined: Short Sales
[tagline_box link=”” title=”Short Sale” description=”A short sale is when a home owner sales their property and the proceeds from the sale will be less than what is owed on the mortgage currently on the property. The home owner can not make up the difference in what they owe on the property, and the lender agrees to accept this less amount and release their lein on the property.”][/tagline_box]
MPR Video: Making Offers On Short Sales
Short sales are an unfortunate part of today’s real estate environment. It probably will continue to be for the foreseeable future. A few years ago we created this video outlining some of the pitfalls and things to consider when making an offer on a short sale property. It resonated with people, as it has received over 20k views. Although it’s a few years old, the info presented is still pertinent.
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