As a seller there are several potential pitfalls that may befall you when attempt to sell your home as a short sale. The two that most are familiar with is a deficiency judgement and the other is possible tax liability. In addition lenders requiring cash at closing or for the home owner to sign a [...]
Amongst the nations largest lenders we’ve seen B of A standout as the one servicer that has improved its short sale processing times dramatically. Much of the improvement is seen in the implementation of the HAFA plan introduced by the white house, as well as Bank of America’s own program which is very similar to [...]
We strive to provide accurate up to the minute information to those considering a short sale. If at any point you have a question that you cannot find the answer to on our site, feel free to contact us by phone or email and we will get back to you as soon as possible. To [...]