Category Archives for "Short Sales"

Any information relevant to Short Sales

Great investment opportunity on Charlotte home!

Great investment opportunity on Charlotte ranch-style home, priced over 50K below tax value! The home comes with three bedrooms, one bathroom, and three parking spaces for only $19,000! For more information, call 704-889-5600.

Click below for property MLS listing sheet:

4207 Dinglewood Ave.

Homeowners of distressed properties may have some relief in sight

“Treasury is currently reviewing a proposal to aid distressed homeowners by allowing a short sale of mortgage notes from mortgage-backed securities (MBS) trusts to new investors.” (DSNews.com)

Jordan D. Dorchuck of American Home Mortgage Servicing, Inc. developed the proposal in hopes of making the lives of distressed homeowners much easier with the use of principal reduction modifications. He believes that the plan will reduce the losses and increase benefits for both the investors and the borrowers, as long as it refrains from being driven by consumer demand.

Administration Considering New Housing Policies

Talking Short Sales with The Mecklenburg Times

About a week ago, The Mecklenburg Times turned its focus from the devastation of homeowners in today’s market, to the success of the real estate agents behind the scenes, working their hardest to sell these homes and get their clients the best deals out there. Click on the article below to continue reading. 

Struggling Homeoweners Get Rewarded!

Just when you thought that owning a home in this current market wasn’t the best decision, the Homeowner Reward Co., of PMI Group, Inc. wants to remind you that you did the right thing!

PMI realizes that it’s not the homeowner’s fault that their market was hit harder than most others, so it is now offering the RH Reward to help those who owe more on their mortgage than their home is worth.

Read the article below for more information on the program!

PMI Group, Inc. Launches Reward Program for Homeowners

The ups and downs of shorts sales

In most cases, short sales are the better alternative for homeowners, rather than going through the devastation that a foreclosure can have on your credit, your family and your future.

There are advantages and disadvantages of both, but the advantages of short sales vastly outweigh the disadvantages, along with outweighing the advantages of a foreclosure. This article from Fox Business compares the two, but only you can make the final decision to avoid foreclosing and go through with the process of a short sale.

Read more by clicking on the link below:

Which to Buy: Short Sale or Foreclosure?