Bank of America reinventing Short Sales
Sarasota – Bradenton: Looking for a short sale? Bank of America is reinventing the short sale process. BoA short sales should be sped of dramatically after the weekend. Please check the following article by Axel Weiss, a leading Realtor and Broker with Sea to Sky Realty regarding the new short sale process. http://www.bradentonbroker.com/2012/boa-2012/ Short More...
What is a Short Sale?
In a short sale, the amount owed to the lenders is more than the home can be sold for. Usually the home owner would need to bring money to the table in order to be able to sell the property. In a short sale however, More...
The Short Sale Process
A short sale is a complex process that can take months to complete. First you need an experienced Real Estate Agent who will guide you through the whole process. Your agent will be putting your property on the market. More...
How does this affect my credit?
Remember the purpose of a short sale is to avoid a foreclosure. A foreclosure on your credit report will make a severely negative impact, not to mention it will stay on your credit report for at least 7 years. A More...
How do I know if I qualify for a short sale?
Typically homeowners sell their home as a short sale due to a financial hardship. Hardships include but are not limited to: Illness or injury, job loss, forced relocation, divorce or unforseen adjustment in living More...