September 7, 2017
One of the most frequent questions I hear involves a contemplated short sale where only one spouse is on the loan and the couple is worried about how the other spouses credit will be affected. Common concerns are: Will both spouses income be considered during the short sale? Will the other spouse will suffer credit damage as
September 7, 2017
Most short sellers eventually want to buy homes again, and I am frequently asked how long this will take. While there are some exceptions allowing for a shorter waiting period – 3 years is generally the amount of time you will need to plan to be a renter after your short sale. Even if credit scores may bounce
September 7, 2017
Ditech has quickly become one of my favorite lenders to work short sales with. Their process is smooth, the negotiators are responsive and I can almost always count on a quick short sale approval. This Bridgeport, CT short sale was no exception!HOME SALE CHALLENGE: Renting out over-leveraged property because it can’t sell to clear the mortgage
September 6, 2017
HUD homes are homes that have been foreclosed on and now belong to the U.S. Department of Housing and Urban Development. These are generally homes that were once financed via FHA, VA, and USDA loan products. TIPS ON BUYING A HUD HOME Banks generally only care about the net proceeds of the sale, not the offer amount. There may
September 6, 2017
A quick guide to understanding the most common types of foreclosed homes for sale:HUD: HUD homes are homes that have been foreclosed on and now belong to the U.S. Department of Housing and Urban Development – these are generally homes that were once financed via FHA, VA and USDA loan products . These homes are listed on
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