A short sale occurs when the buyer purchases for less $$ than the current owner owes on the property. Such a sale requires that not only the current owner, but also the mortgaging entity, agrees to the price and terms as someone (often the bank/mortgage company) is coming up 'short'.
In my experience such sales take a good deal of knowledge of the process and more than a little patience as banks are not anxious to give away their money. A purchaser wants to be very sure that they are indeed getting clear title with all liens removed.
Experience does count her as in many situations.
Hope that helps.
Many more lenders are accepting Short refinance. We are providing a free pre qualification to all our customers. From the day we get the file we will start the process. No holding the file we have the staff and the experience to get it done as soon as possible.You will receive a tracking number once we receive the file. Status
Many loan modification you can tell right from the beginning if it can be done or not.Right from the beginning we will let you know if it can be done or not. You will receive a tracking number once we receive the file.Status
Once we receive the file we will work on it from the day we receive it . And if there is anything missing in the file we will contact you immediately. We understand that closing the files its very important.You will receive a tracking number once we receive the file.
The file will be assigned to a processor immediately. You will receive a tracking number.
if you have any questions please feel free to contact me at 1-866-570-4040
Needless to say, this is no commitment and you wont be harass, I appreciate your questions since this will help me by doing research to help you and to help anyone else that might have the same question.
If you have any additional questions dont hesitate to contact at Cgalindo@prosperityREG.com or you can contact me at my office at 718 698-2179.
JD "Dan" Weisenburger, GRI
Vanguard Realty, Inc., GMAC Real Estate