short sale

A short sale will negatively affect your credit, but not nearly as much as a foreclosure or deed-in-lieu ~ read this entire article for details on each alternative.
A short sale simply means that the amount of the mortgage balance owed is greater than the current market value of your home. Homeowners who are in financial [...]

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Losing your home to foreclosure due to an inability to keep up with your monthly mortgage payments is one of life’s most unpleasant experiences. It is also an event that keeps on affecting you long after your home is history by devastating your credit score. Regrettably, most [...]

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Homeowners facing foreclosure often have the option of selecting a short sale or a deed-in-lieu of foreclosure as a possible solution to their financial difficulties. But are they? Which is the best choice? Like most alternatives, both have their upsides and their downsides. Understanding these options is the only way to make a truly informed [...]

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A short sale negotiating service will work with your lender(s) or mortgage servicer to get approval to sell your home short.
If you are facing foreclosure, in default, and looking at a short sale, you’re probably getting lots and lots of junk mail. Having almost lost my home last year, I know it’s an emotionally draining [...]

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—–>Check out my post on how I successfully short sold my house

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I keep getting e-mails from visitors to this blog asking for help with the short sale of their home. Here’s one from yesterday that illustrates the 3-4 e-mails I get a week:
Hi Debt kid,
I have a question for you do i have to pay for the commission out of my pocket or they just take [...]

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I’m not usually prone to commentating about the economy, or the sub-prime meltdown, or any of that stuff. But recently I’ve seen a very significant increase in short sale related traffic/e-mails to my little blog here. This is not good news. I wrote about this a few months ago, wondering if the surge of short [...]

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Countrywide is the largest mortgage company in the US…think they are dealing with a short sale problem at the moment? You betcha. (not to mention short sales of their stock! Wish I had shorted them at $40!) They have now been taking over by Bank of America Mortgage.
Countrywide’s Full Spectrum Lending division was the King [...]

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