September 8, 2017
Short sales on mortgages backed by FHA are a little different than your average short sale. FHA has their own short sale program called the PFS (pre-foreclosure sales) program. FHA follows their own specific guidelines for who qualifies and FHA keeps some pretty strict rules for their short sellers: FOUR TIPS TO GET THROUGH YOUR SHORT
September 8, 2017
FHA, the most forgiving lender in the US also sets a lot of rules. If you have an FHA loan, and are behind, or are facing a problem with payments, the rules to get into a workout are very strict, but very clear. If you live in a house with an FHA backed loan and need to short
September 8, 2017
All too often I speak with homeowners who at some point decided the best way to deal with their over-leveraged real estate was to rent it out. Renting at a loss to maintain a property that can’t be sold traditionally rarely works out well, and it is usually within a few years these same homeowners seek new alternatives
September 8, 2017
Did you know that less than half of all listed short sales in CT actually close? Sad, isn’t it? Seeing as most short sellers are highly motivated to sell, it is rarely the sellers choice simply to “take the home off market”….so somehow more than half of all short sales fail to sell at all
September 7, 2017
A lot of my CT short sale clients have either considered a loan modification or been turned down for one by the time they have made the decision to short sell. In a loan modification the lender makes permanent changes to the terms of your mortgage resulting in a more affordable payment. Keep in mind that while a modification will reduce
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