Ads
related to: buying a short sale home process
Search results
Results From The WOW.Com Content Network
Don’t skip steps in the process of buying a short sale. It’s unwise to forgo a home inspection, for example, or skim over disclosures and closing documents. These could uncover serious issues ...
Since short sales damage your credit score, pursuing a home loan after a short sale may be a lengthy process. If you want to buy a home in the future, you’ll need to repair your credit to be ...
When your home value sinks below the amount you owe on your mortgage and you need to sell the house as soon as possible because you can't keep up with payments, a short sale might be your best option.
However, the process is shorter than the traditional process of going through foreclosure and sale by auction, which is still likely to take much longer. This is a method to sell your house quickly, because effectively you pass over control of your property to the short sale investor immediately upon signing of the documents.
A house for sale by its owner. For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property.
Foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.