20
Dec
10

Short Sales in Kaufman County

Short Sales in Kaufman County

These are some of the great Short Sale Deals that are currently listed in Kaufman County.  The properties range from over 1500 square feet to over 3500 square feet.  These homes are currently in Forney and Crandall Texas.  Both of these Kaufman County Cities have Recognized School Districts and are located near major freeways with easy access to downtown Dallas.

Please contact me if you would like to view any of these listings in person.  Visit my website to get more information on Short Sales and to sign up for your FREE Short Sale Report.  This report contains information on what to expect when you are planning to purchase a Short Sale.

www.homesmint2be.com

469-766-7379

 

Darcie Drive, Forney, Texas $189,000 4/3.5/2, 3504sqft.

Southwestern Drive, Forney, Texas $130,000, 3/2.5/2, 2959sqft – bank approved and ready to go!

Adams Drive, Crandall, Texas $86,000, 3/2/2, 1591sqft

 

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01
Nov
10

Short Sale in Combine Texas, Kaufman County

I closed a Chase Short Sale in Kaufman County today, after approximately five months of waiting and wishing.

I had my initial offer in less than 30 days, because the property was priced right and the bank was going to clear more than their appraised value of the property. Lo and behold, two weeks before we were to get the approval letter, the negotiator emails me and informs me that the investor will only pay 1% in closing cost on all FHA loans. Now mind you the offer we had on this home was at least $10K over the banks appraised value. But for some reason, someone within that organization thought that not paying an additional $2500 towards a buyers closing cost was better than clearing an additional $10-$15K on the sales price.

Needless to say, those buyers walked. Chase asked me to change the listing price to their appraised value price and sure enough, we had a cash offer within a week of the price change. We were all set to get the approval letter when Chase then informs us that they cannot pay any closing cost on a cash deal. What??? Ok, how clueless can these lenders be?

Anyway, the buyers and sellers worked out the closing cost, since it was not a large amount and the seller was generous enough to forfeit some of his short sale seller incentive in order to make this deal work.

So we Closed today! My seller is relieved because it has been long road, but not a very difficult one, as our negotiator Loubna Christensen was very kind and very helpful. She even returned my calls in a timely manner and went as far as calling me on a Saturday morning, which I still can’t get over.

So if you have a Chase Short Sale in Kaufman County, please call us today and we can get your home sold, but I can’t promise you that it will be a “Short Sale,” because more than likely….it may be the longest sell you’ve ever encountered. But you will avoid foreclosure in Kaufman County and that’s the important point.

Short Sale Diva

Minter Real Estate Services

www.homesmint2be.com

shortsaleinfo@homesmint2be.com

24
Dec
09

What will I need to apply for a Short Sale?

Your lender will determine which documents are  needed in order for you to start your short sale process.

Traditional items that are needed include, but are not limited to:

  • Pay stubs
  • Bank Statements
  • Tax Returns
  • Hardship Letter
  • Market information (obtain from Realtor)

These are just some of the major requirements to apply for a short sale.  Your bank may also ask for IRA, 401K and any other investment accounts you may have.

Contact us and we will be glad to walk you through the process.

Keep your head up and your heart light!

Short Sale Diva

11
Dec
09

Short Sale Nuts & Bolts

If you are one of many Americans having to deal with short sales, then you are in the right place.

A Short Sale is when a homeowner sells their home for less than what is owed on the mortgage.  You have to request that your lender approve your short sale before you can officially sell your home for a lower amount than what is owed.

First of all, you must have a legitimate hardship.  The following are considered legitimate hardships:

  • Loss of job
  • Reduction in income (salary, or self-employment)
  • Divorce
  • Mortgage Rate adjustment
  • Other

If you are experiencing any of these situations, call your lender immediately! They will inform you of the procedures on how they conduct their short sales. 

If you wish to remain in your home, there are modification programs that are available for your relief.  Your lender will be able to offer you other options such as a reduction in payment, putting the past due balance on the end of the note or reducing your interest rate.

There are tons of paper work that you will need to submit to your lender.  I will cover that in the next blog. 

Please do not think that this is a fast process.  Just because it’s called a short sale doesn’t mean it will be a short process.  So be prepared to WAIT!.

I am here to help you with you the process.  Once you compile all of the paperwork, I will handle the rest.

Until Next Time,

Keep your head up and keep your hearts light.

Short Sale Diva

10
Dec
09

New Short Sale Incentive: Short Sale Your Home Receive up to $1500

The Obama Administration just added another concept to their Making Home Affordable Initiative.  This initiative is part of a new Directive that focuses on homeowners wishing to keep their homes and on homeowners that can no longer afford to keep their home, but want to avoid foreclosure.

These new programs – Home Affordable ModificationProgram (HAMP) and the Home Affordable Foreclosure Alternative Program, are designed to enhance the Making Home Affordable Program.  There will be incentives for the lender and the borrower, in an effort to keep the housing market moving in an upward motion.

I will go into more detail in my next blog once I have digested the entire directive.

Until Then,

Keep your head up and your heart light,

ShortSaleDiva




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