Short Sale Pitfalls and Solutions
Posted by Robbie in Short Sale Information on March 14, 2011
Short Sales and Things Homeowners Should Know As a homeowner considering a short sale, it is important you understand the process. Following are some of the most common mistakes agents and homeowners make when handling a short sale. Your Property is Priced Incorrectly Pitfall: Your Property is Priced Incorrectly. This is the most common mistake [...]
Should You Do Short Sale on Your Key West Property
Posted by Robbie in Short Sale Information on March 12, 2011
Should You Do Short Sale on Your Key West Property If you bought a Key West property within the last few years you need to take a serious look at your investment. The local Key West and Florida Keys Real Estate market has taken a severe beating due to the downturn in the economy. Along [...]
Half of February Home Sales were Distressed Properties
Posted by Robbie in Short Sale Information on March 11, 2011
Almost half of the homes sold in January were foreclosures or short sales, the highest level of distressed sales in nearly a year, according to the latest Campbell/Inside Mortgage Finance Housing Pulse Tracking Survey. The survey also found that fewer homes where purchased by first-time buyers during the month– the result of more expensive financing [...]
VA Approves Cash for Keys on Short Sales
Posted by Robbie in Short Sale Information on March 11, 2011
The U.S. Department of Veterans Affairs (VA) has authorized mortgage loan servicers to advance a $1,500 payment for relocation assistance to borrower occupants who complete a short sale with a VA compromise claim or who execute a deed-in-lieu of foreclosure (DIL). According to the VA, they are expecting servicers to proactively notify eligible borrowers of [...]
