Archive for the 'Short Sales' Category


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


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,


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