Comments on: Benefits of a Real Estate Short Sale?

By: Oliver

Oliver — Sun, 27 Sep 2009 05:19:52 +0000

The benefit is that the owner gets to walk away without a foreclosure and the lender gets to write off the discount!

By: ken@cheap web hosting

ken@cheap web hosting — Sun, 12 Apr 2009 03:59:39 +0000

Robert makes a interesting point about the new owners paying less for home. This should lower taxes but i imagine that the next assements will bring them up when the market settles down.

By: Chris

Chris — Tue, 19 Aug 2008 04:53:00 +0000

I agree with Safety Harbor. These deals can take months. We are working on one for a client right now that has been screwed up by both agents for months. Our client, the buyer, has been put through the ringer with these two agents. Their actions are borderline criminal. In the end, I am amazed that the lender is even putting up with their shenanigans. We hope by next week the transactions can finally close.

I read that less than 5% of short sales actually close – I now know why.

By: Nicole Boynton

Nicole Boynton — Wed, 16 Jul 2008 14:57:14 +0000

We will see an increase in short sales due to the changes in the mortgage industry. Many homeowners will find themselves working with a REALTOR and negotiating with their lender to sell their home for less than they owe. This is a complicated and lengthy process but is a much better alternative for the home owner than having a foreclosure on your credit history. Thanks for the article.

By: Safety Harbor Real Estate

Safety Harbor Real Estate — Fri, 02 May 2008 22:57:49 +0000

My team has been involved in a few short sales now. It’s a little frustrating for the buyer to wait for the answer from the bank. One we have in Safety Harbor FL has been been going in for a few months.

By: Greg @ North County San Diego Locksmith

Greg @ North County San Diego Locksmith — Fri, 02 May 2008 05:38:30 +0000

I have read a lot of various sources about how people are so apposed to H.R. 3648 bill. Is it OK for the government to come in and bail out large corporations that were the creator of all of these loans but when it comes to the individual that was being told they were being provided a good loan then they are being left high and dry?

This bill will have less impact financially on this country then 2 days in the Iraq war. The projected cost of this bill is nothing compared to the impact of good it can do.

By: Greg @ Carlsbad Locksmith

Greg @ Carlsbad Locksmith — Fri, 02 May 2008 01:26:11 +0000

I have a friend that is doing a short sale or I think it’s a shot sale. Isn’t a short sale when you sell the home for less then what you owe the bank? How does this effect your credit compared to a foreclosure?