Avoiding foreclosure on a commercial loan is a bit different than it's residential counter part. Whereas a residential loan has the best option of being a short sale, the commercial lender doesn't see this roll up of debt as a good thing. In fact, they may choose to foreclose simply because the … [Read more...] about Avoid Commercial Foreclosure
You might be surprised at the seemingly simple answer, but it's pretty much the same qualifications that happened previously. Here's a quick run down of how to qualify for a short sale in 2017. Must Be "Upside Down" - You must owe more money on your home mortgage than it's worth. Even though … [Read more...] about How Do You Qualify For A Short Sale in 2017
Do Short Sales With Freddie Mac Result in A Deficiency Judgement? In a short sale, it's a pretty common question to ask whether or not, Do Short Sales With Freddie Mac Result in A Deficiency Judgement? Luckily for us there's a clear definition already out there for this. Chapter 55.3.1: IRS Form … [Read more...] about Do Short Sales With Freddie Mac Result in A Deficiency Judgement?
When Should I Short Sale My Home We've covered When Should I Short Sale My Home before but it's a question that's worth reviewing, especially given the recent changes in the short sale process. The answer is roughly the same. If you get a foreclosure notice, don't panic, here's 3 ways to respond … [Read more...] about When Should I Short Sale My Home
What Is A Short Sale In Real Estate? We've answered this before but we did want to update what a short sale is in Real Estate just to be clear. After all it's been 4 years of short sales in Real Estate. The definition is still pretty much the same: [box type="info"] The short sale in real … [Read more...] about What Is A Short Sale In Real Estate