Bob Elliott
I understand that Dodd Frank took a lot of the attractiveness re.
Are short sales less attractive since end of 2014, since now banks can go after deficiency or 1099 the owner?
Sandy Thayer
Buyer Wants to Negotiate Short Sale
A buyer want to negotiate with the lender directly on one of my short sale listings. Has anyone seen a contract the would identify the negotiator (buyer) fiduciary responsibility to the seller?
Andrew Hoek
House Approves Short Sale Tax Break
Following the housing bubble of 2006-2007, Florida experienced a surge of foreclosures and short sales. A short sale is the sale of real property for less than the amount owed the mortgage. Short sales are subject t...
Rick Rapant
Re-performing Note with a Deficiency Lien Judgment
The Info:Seller of a note, I'm considering on purchasing, foreclosed on the borrower back on 12/25/2014 and holds a 100k deficiency lien judgment on them. The borrower, same individual, wants to stay in the home and ...
Jay Feldman
Be very careful making statements.
Eric
I agree a major benefit for one to work with you is you are an advocate for them in an effort to TRY TO PERSUADE the bank not to come after them but their are no guarantees and if we told the customer anything to...
Charles Heyward
Three Reasons Why a Short Sale Is Better Than Foreclosure
What not many Realtors or advisors are willing to admit from the very beginning is that when a homeowner is in debt, both the foreclosure and a short sale can have a devastating impact on the credit history. However, ...
Kimberley Mundelius
Question for someone who knows nothing about Real Estate.
I started searching the web in regard to "foreclosure" information. I've been curious about this, because my husband and I were put on a "re-payment" plan last year in 2007 to get our mortgage payment current. At this...
M F
Trying to buy CitiFinancial 2nd that was wiped by fc
we have tried to buy a second mortgage from citifinancial that was wiped off by the foreclosure of the first mortgage on a property. They say they wont sell their mortgages even though they have been wiped off and th...
Maryann L.
How do you answer this?
I'm working with a homeowner and she said, "I know you can't guarantee there will be no deficiency, but if I just list this and get a higher offer, the potential deficiency could be less right?
Ummm..yes it could, bu...
Jake Kucheck
Non-Owner Occupied SS
So here's the situation:
1) Non-owner occupied.
2) 1st and 2nd TD.
3) Not delinquent on payments.
My questions:
1) Is a SS possible w/o being delinquent?
2) Property is in CA- is a deficiency judgment possible on e...