There are many steps and details involved in the short sale
process so make sure to consult a Short Sale
Specialist with a proven record of success like The Gonzales Team of Henderson, Nevada.
The second-quarter 2013 CoreLogic suspicious short-sale analysis update found that the suspicious rate for single-family short sales
remains high at approximately 3.
Many homeowners are not aware that even if they do not qualify for bankruptcy, a short sale
can still be an option.
For example, if a homeowner owes $200,000, a short sale
might allow them to sell for $180,000, and the lender accepts $180,000 as payment in full.
are becoming more and more common in expensive areas as Long Island luxury homeowners try to escape the embarrassment of a foreclosure, the New York Times reported.
Last year Paddilla, managing broker at real estate firm Key Concepts, sold 42 properties that were either bank-owned or short sales
Of primary interest to real estate agents, lenders, asset managers, and to a lesser extent, appraisers involved with short sale
properties, Short Sale
Rush provides a practical guide to sales techniques, checklists, forms, and procedures designed to improve the marketability of short sale
and REO properties.
The title company must make certain that the new lender will be in a first lien position, and diligently examine the short sale
transaction to make sure all steps are followed.
In the second situation, a taxpayer constructively "sells" the short sale
on December 31 of a specified year by acquiring the same or substantially identical stock as the shares underlying the short sale
Another strategy currently being used is the short sale
of a similar security or a basket of securities that mimic the appreciated security owned.
If both longs and shorts decline in value, you'll still make money, as long as the purchases decline by less than the amount of short sales
-- hence the term market-neutral.
Since the survey began in 2010, lenders have made some progress in their short sale
processes, with 64 percent of California REALTORS([R]) expressing difficulty in closing short sales
, down from 77 percent in August 2011 and 70 percent in 2010, according to the C.