From the monthly archives: September 2011
Short Sale banks are definitely willing to give 3% concessions to FHA buyers but it depends on the numbers and what the lender think’s market value is. Sometimes, if you want concessions, the offer has to be increased to net the bank the amount they are looking for. I have a feeling that the reason [...]
Continue Reading →For those of you who have been through a short sale or have been reading up on them, you know they are difficult. That is the truth. Unfortunately though, the short sale’s worst enemy is the homeowner. That’s right. The homeowner almost always hinders the short sale more than anything else. It’s either they aren’t [...]
Continue Reading →For the longest time, it was a general rule of thumb that the seller was to net nothing, zilch, nada from a their short sale closing. In the short term, it makes sense. I mean, why should someone who hasn’t paid their mortgage get a cash gift, right?
Wrong.
The short sale is a [...]
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