Tag Archives: distressed sales

Realtors and Short Sales

Posted on November 22, 2010 by in Foreclosure, Short Sales

Short sales are one way that realtors can help some people to avoid foreclosure. This is a bit different than a standard home sale. It centers on persuading the bank to go along with the deal. You do this by establishing your financial hardship and by establishing that your mortgage is upside down. Idaho short sales can be requested if your mortgage constitutes more debt than the total market value of your home. In this situation, a realtor is the first person you want to visit. They’ll help you make a convincing case to the bank.

2 Comments • Continue Reading →

Convincing a Bank to Allow a Short Sale

Posted on October 27, 2010 by in Foreclosure, Short Sales

A short sale is sometimes the best option for a bank and homeowner. To avoid these costs, the banks will sometimes consider a short sale. You have to present them with a convincing case that this option is in the best interest of the bank. You also have to explain to them why you’re unable to pay on your mortgage.

Leave a comment • Continue Reading →

The year of the short sale in Idaho

Posted on August 9, 2010 by in Short Sales

Short sales are up. How far up? Well there are litterally so many short sales that nationally it has been proclaimed that 2010 is the year of the short sale. Freddie Mac on Monday announced it losts 6 billion from April to June and requested another 1.8 billion in federal aid. “In a sign that 2010 is the “year of the short sale” for the GSE, the number of short sales completed by Freddie Mac totaled 22,117, up nearly 180% from 7,914 in the first half of 2009″ (Kilgore, 2010).

Leave a comment • Continue Reading →