Comments on: Benefits of a Real Estate Short Sale?

By: Robert

Robert — Sun, 31 Aug 2008 17:19:31 +0000

Short sales also benefit the buyer as it is likely the buyer purchased the property at or below market value, which lowers the buyer’s basis in the property and lowers its future taxation when having taxes assessed. As a result, the buyer’s mortgage payment is reduced because the loan is less.

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?

By: Benefits of a Real Estate Short Sale?

Benefits of a Real Estate Short Sale? — Fri, 04 Apr 2008 05:02:24 +0000

[...] Metropolitan Real Estate Blog wrote an interesting post today onHere’s a quick excerptBenefits of a Real Estate Short Sale? April 3rd, 2008 The first and most obvious would have to be that you will not have a foreclosure on your credit report. This is a definite plus. An experienced short sale Realtor will be able to help you sell your home and eliminate the debt from a mortgage you may not be able to afford. You need a Realtor that is up for the challenge because there are are many real estate agents that will not even know where to begin because they don’t have experience do [...]