Watch For Short Sale Schemes

A real estate short sale is a type of pre-foreclosure sale in which the lender agrees with the owner possibly in default to accept less than the outstanding loan balance. In some cases a full release of the property lien is issued by the lender to allow conveyance of clear title to a purchaser. Fraud is common in areas facing high levels of foreclosure or...

SOLD! We can list yours!: 9618 COTTRELL TERRACE, SILVER SPRING, MD 20903

SOLD! We can list yours!: 9618 COTTRELL TERRACE, SILVER SPRING, MD 20903

Oct 16, 2013

Roomy all brick rambler with hardwood flooring, fenced back yard with great potential. Sold AS IS, needs work, mold development in the basement. Short Sale/Third party approval required. Short sale lender will not allow for repairs; no exceptions. Go and Show!

More Struggling Home Owners Opt for Short Sales

More Struggling Home Owners Opt for Short Sales DAILY REAL ESTATE NEWS | FRIDAY, MARCH 01, 2013 Short sales surged in 2012 to a level that was nearly triple the amount of foreclosures, according to recent data from RealtyTrac. Foreclosure sales made up 11 percent of all transactions last year while short sales made up 32 percent, RealtyTrac...

HOAs Use Short Sales to Recoup Unpaid Dues

HOAs Use Short Sales to Recoup Unpaid Dues DAILY REAL ESTATE NEWS | FRIDAY, MARCH 01, 2013 Homeowner associations (HOAs) across the country have struggled during the foreclosure crisis, finding themselves up against an unprecedented number of owners who were not paying their association dues. In the past, HOAs would file liens and start foreclosures when...

Short Sale Your Option-ARM, Don’t Walk Away!

The mortgage known as an Option-ARM has been rapidly gaining momentum as the most troubling of all mortgages to date. Option-ARMs aka Negative Amortization Loans are producing greater numbers of delinquencies and foreclosures than loans within the sub-prime category. Although they account for a much smaller percentage of all mortgages, when compared with...

Home Affordable Foreclosure Alternatives (HAFA) Program – (Short Sale)

If you can’t afford your mortgage payment and it’s time for you to transition to more affordable housing, the Home Affordable Foreclosure Alternatives (HAFA) program is designed for you. HAFA provides two options for transitioning out of your mortgage: a short sale or a Deed-in-Lieu (DIL) of foreclosure. In a short sale, the mortgage company lets...