Short Sale Advice

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Short Sale Advice – This is a place for the community to provide tips and advice on Short Sale Advice. This topic was created by Andru 00e 9 Anna and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Top 10 Home Buying Tips For Short Sales - A Guide To Understanding Short Sale Foreclosure Real Estate

Published: 9 years, 3 month(s) ago | Submitted by Gilles Debie | permalink

Modern homebuyers will inevitably come across one or more properties currently classified as a short sale. A short sale is an attempt by the current owner to sell a home in lieu of the bank taking it back through foreclosure proceedings, thus partially salvaging their credit rating and lifting the burden of heavy mortgage debt. The entire short sale process hinges on the hope that the bank will take a loss now, appro...
Tags: foreclosure, short sale, mortgage, escrow, IRS, tips, rent, selling a home, real estate,

For further reading: http://realtytimes.com/consumeradvice/buyersadvice1/item/3716-20090408-buyingtip ^[1]

Tip 2 - How to Know If a Short Sale Is Right for You

Published: 9 years, 3 month(s) ago | Submitted by egon 0119 | permalink

If you’ve been unable to keep up with your mortgage payments, it may seem like your only option is foreclosure. There is, however, another option.

For further reading: http://www.realtor.com/advice/short-sale-right/ ^[2]

Tip 3 - Making an Offer on a Short Sale? What You Need to Know

Published: 9 years, 3 month(s) ago | Submitted by Allen Parker | permalink

Are you looking to buy a new home? Are you thinking that now's a great time to find bargains? Before you make an offer, it pays to know a little about the seller's situation. If a home is
Tags: Sales and Marketing/Handouts for Customers/For Buyers

For further reading: http://realtormag.realtor.org/sales-and-marketing/handouts-for-customers/for-buyers/making-offer-short-sale-what-you-need-know ^[3]

Tip 4 - Field Guide to Short Sales

Published: 9 years, 3 month(s) ago | Submitted by andrew mkwananzi | permalink

For further reading: http://www.realtor.org/field-guides/field-guide-to-short-sales ^[4]

Tip 5 - Advice on Short Sales

Published: 9 years, 3 month(s) ago | Submitted by diedara | permalink

Short sales are alternatives to foreclosure when borrowers can no longer afford their mortgage payments. However, if you are considering short selling your home, you should be aware of the serious ...

For further reading: http://homeguides.sfgate.com/advice-short-sales-7172.html ^[5]