Posts Tagged ‘Help with Short Sale’
Is a real estate short sale an option for me?
August 10th, 2009
Hi everyone – I am going through a lot nowadays. I’m single and expecting a baby in Jan. I am late on my house payments and don’t want a foreclosure – I am very scared. I spoke to my Realtor and she offered to do a short sale in which instead of losing my house I would find a buyer for my house for less than I owe, which is about about $405,000, on it and since homes are down right now I can’t even sell it – I will lose money if I do. Is anyone familiar with this please help – I need advise. Thank you.
Posted in Short Sale Questions | 
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When to Do a Short Sale
July 13th, 2009
Some people think that you have to be late in your mortgage payments to start a real estate short sale process. This is not true. In the video below, real estate agents in Southern California talk about short sale and when you can do a short sale. It is never too early to do a short sale if you think that you need it. You do not have to wait until you are behind on your mortgage payments to start the process on your property. In fact, it is best if you do not.
There are a lot of myths and misunderstandings about short sale. Many real estate agents know very well how to do a short sale. They work with individuals who are current in their mortgage payments and also people who are late and have even defaulted on their loans. If you see yourself having difficulties in the future in paying your mortgage payments, then it is a good time to start a real estate short sale.
For a successful short sale, you need to find yourself a great real estate agent. You need to find someone who has closed at least 3 short sale cases with their own listings, advised real estate agents in the video. You need to let go of your pride, denial and attachment to your home. You need to move on and get yourself ready for a short sale and to sell your home.
Kris & Kim are trained in the Real Estate Short Sale Process by Harris Real Estate University. Kris & Kim introduce their series on Real Estate Short Sale Myths. They will be de-bunking all the myths of the overwhelming Short Sale process.
Posted in Bank Short Sale, Help with Short Sale, Mortgage Short Sale, Real Estate Short Sale, Short Sale, Short Sale Guides, Short Sale Process, Short Sale Questions |
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Short Sale, A Practical Approach
July 11th, 2009
The book, Short Sale, A Practical Approach, is designed for buyers, sellers and agents. It is a “how-to” guide to handling of short sale. In light of the housing bubble, the book is released timely to help those who can’t sell their home because the debt on their home is higher than its value.
The book shows step-by-step how approval is obtained from the lender for a short payoff of the loan. Homeowners experiencing financial hardship do not have to face foreclosure. The short sale alternative, if approved, is a better choice.
Agents who do not understand short sale will discover the mystery behind short sale–why it is done.and why the lenders prefer it over foreclosure. It is a market niche that agents should get into.
For those who do not wish to do the negotiation side of short sale, this book will enable them to explain to the seller what short sale entails. The agent’s problem today is that homes are not selling. With short sales, homes do sell!
About the Author
Danny Cachuela has a financial background as a Pennsylvania certified public accountant. He is an experienced negotiator and former CEO of SunSource de Mexico, a corporation based in Mexico City and an operating subsidiary of a New York Stock Exchange company based in Philadelphia, Pennsylvania.
He also was a lecturer in the Undergraduate School of Business at Saint Joseph’s University in Philadelphia, Pennsylvania. Danny Cachuela is currently an associate broker at Prudential Fox & Roach Realtors in Pennsylvania, and is also licensed in New Jersey. He has been invaluable in helping many clients negotiate with lenders to get approval for short sale, including those with multiple lenders.
Posted in Bank Short Sale, Buying a Short Sale, Help with Short Sale, How to Do a Short Sale, Mortgage Short Sale, Real Estate Short Sale, Short Sale, Short Sale Guides, Short Sale Procedures, Short Sale Process |
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