We’re often asked the question, “Can I pursue a short sale during my bankruptcy”. Lenders can review a short sale offer while the loan is in active bankruptcy. However, to complete a short sale and issue an approval letter, the bankruptcy documents must be filed and approved by the court. Any final agreement will require bankruptcy […]
Category Archives: Short Sales
Bank of America Short Sale
Bank of America Short Sales Bank of America was the first to introduce a new automated system called Equator that it is currently using to process all of it’s short sales of conventional loans (that is all of it’s non-FHA and VA loans) as well as former Countrywide loans which it acquired when it purchased the company. Equator […]
The Short Sale Process
We have been getting tons of emails and calls from local homeowners who need to sell their home but are finding out that they owe more than their home is currently worth and want to know what their options are. For owners who can’t afford to wait for the market to turn around, or those […]
FHA Reduces Waiting Period for Borrowers Who Experienced a Short Sale, Foreclosure or Deed-In-Lieu
The Federal Housing Administration (FHA) is allowing borrowers who went through a bankruptcy, foreclosure, deed-in-lieu, or short sale to re-enter the market and purchase a home using an FHA insured mortgage in as little as 12 months, according to a mortgage letter released Friday 8/23/13. Currently borrowers who experienced a foreclosure, deed-in-lieu, or short sale must […]
Disputing a Bad BPO or Short Sale Appraisal
What if the lender wants way too much money for your Short Sale? You owe more on the mortgage than your home is worth and you will get from the sale, so it is a Short Sale. You submit the short sale offer to your lender and the lender says they will not approve the […]
Waiting Period After a Short Sale
Across the country home values have fallen 33% since their peak in 2006. In light of such it’s no surprise that many Americans today have a short sale in their credit histories. With many wanting to become homeowners again, a question we commonly receive is when can I buy a house after a short sale? First and […]
When to Sell for Move Up Buyers
Are you thinking about selling your home, but waiting for prices to rebound? You might be making a mistake. There are plenty of reasons you might want to hold onto your home for a while longer, but for most of us, market conditions aren’t usually one of them. The logic usually sounds something like this. […]
Fifth Third Short Sale
Fifth Third Short Sales – Getting Started The first step to initiating a short sale with Fifth Third is to list the home with a Realtor who specializes in short sales and has significant experience with this lender. Your agent will be critical to the success of your transaction and while many agents have begun […]
Third Federal Short Sale
The first step to initiating a short sale with Third Federal is to list the home with a Realtor who specializes in short sales and has significant experience with this lender. Your agent will be critical to the success of your transaction and while many agents have begun marketing themselves as short sale specialists, few of these […]
Bank of America Short Sale Relocation Assistance Program
Bank of America’s Short Sale Relocation Assistance Program: Distressed Homeowner’s could receive $2,500 to $30,000 in relocation assistance Financially distressed homeowners want to avoid foreclosure… and The Opland Group and Bank of America want to help them! To this end Bank of America is excited to announce that for a limited time, they are offering […]
