Many people look upon the New Year with enthusiasm and vigor, while others focus on the current economic climate and see only despair. We here at Real Estate Radio USA want to show everyone out there, the believers as well as the skeptics, that this year in real estate could be one of the best [...]
Sorry to alarm you but seriously…are you prepared to be on the defending side of a big lawsuit in 2009? You see with all of the foreclosures that have been inundating the market, many attorneys have been swamped dealing with loan modifications and foreclosure defenses.
The Hardship Letter What happened? Seriously what happened? When you took the loan out everything was great. You were making money, your credit was good and by all accounts you appeared financially sound. Now you’re in default and telling your lender you need to sell the property short to avoid the home being repossessed by [...]
Short Sale Tip # 3: The Hardship Letter Bad things sometimes happen to good people. It is highly doubtful that the homeowner intended to default on his / her mortgage and end up in foreclosure.
Short Sale Tip #2: The Letter of Authorization..commonly referred to as the LOA, Before you can even begin the short sale process, you will need to be given written authority to do so by the homeowner / borrower. Without having this document you can not even begin your short sale process. Simply put…no LOA..no short [...]
Although all lenders have varying requirements and may demand that a borrower submit a wide array of documentation, there are 10 Essential Elements of A Short Sale Package.
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