Great news! I just came back from Real Property Retreat in Tahoe (hundreds of Real Estate Attorneys, Law School Graduates and some Law Students attended), and the great news is that real estate attorneys are reporting that lenders are finally started to accept thier clients short sale offers.
It seems the lenders are finally getting the picture. Short sales are a great tool for borrowers in danger of losing thier homes to foreclosure and for the lenders as well.
Wondering what a short sale is: Short Sale. If you can sell your house but the sale proceeds are less than the total amount you owe on your mortgage loan, the lender may agree to a short sale payoff or "short sale" and write off the portion of the borrower's mortgage that exceeds the net proceeds from the sale. When a borrower receives a short sale offer, the borrower should contact the lender immediately. The lender normally takes them a month or two to consider the short sale settlement.
Patrice
Subscribe to:
Post Comments (Atom)
1 comment:
Are you looking for a loan to finance your project at the rate of 2% in return or Home loan or car loan then Mr Pedro loan offer will be good for you since they offered international loan to individual or company looking for way to expand their business or personal loan because Mr pedro and his working company helped me finance my business at the rate of 2% in return in which I will be closing my loan next year on this date, I really hope to order another loan from them because they are genuine loan company with a very good interest.
Contact Mr Pedro loan offer on E-Mail: pedroloanss@gmail.com whatsapp: +1-863-231-0632
Post a Comment