Posts Tagged ‘short sale mortgage’
How bad does a short sale effect your credit?
July 16th, 2009
How bad does a short sale on mortgage affect credit?
Any one know how bad short sale effects are on your personal credit? I talked with a gentleman who specializes in short sales and he says it only affects your credit for about a year and up to 40 points. I have excellent credit right now, so that doesn’t worry me too much (if he is telling the truth). I’m more worried that he is just telling me this to get my business. Thanks!
Posted in 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 |
Tags: agent doing short sale, agents and short sale, Bank Short Sale, foreclosures and short sale, get approved for short sale, help homeowners, Help with Short Sale, helping homeowners, how to approach bank for short sale, How to Do a Short Sale, how to do real estate short sale, how to short sale, lenders prefer short sale over foreclosure, Mortgage Short Sale, Real Estate Short Sale, selling short sales, short payoff, Short Sale, short sale a practical approach, short sale alternative, short sale approach, short sale approval, short sale book, short sale foreclosure, short sale lenders, short sale mortgage, short sales, short selling homes, short selling lenders, step by step approach short sale, step by step book on short sale, way to do short sale |
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