Should I Buy a Short Sale Home?
Buying a home that has previously been sold back to a lender in a short sale can be a great deal, but it also comes with potential problems. Banks and other lenders do not like managing …
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Do I Have to Pay a Realtor Sales Commission in a Short Sale?
In standard home transactions, the seller and buyer reach an agreement for how the sales commission to a Realtor will be paid. Sometimes a buyer and seller will agree to split the costs out of …
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Do I Qualify for a Short Sale?
In order to sell a home in a short sale, the borrower generally must be able to show they are unable to pay their mortgage and currently are experiencing a financial hardship. An involuntary loss …
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How Does the Short Sale Process Work?
The first step in a short sale generally is to contact your lender and determine what is required to initiate the process. You may also want to consult with and/or hire a Realtor, real estate …
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What Are the Alternatives to a Short Sale of My Property?
A short sale of property may be the best option for curing your current housing problem, but it is not the only option. You may be able to arrange for a loan modification from your lender, where …
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