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Appraisal Foundation, Appraisal Institute In Dispute

House Offer Includes Sunset of HVCC

Filed under: Finance, Home Improvement, Real Estate Market, Selling, Tax Issues, VRN | Comments Off

Q. Why do I have to submit a Short Sale package?

A. In short, because lenders require it. Lenders need to have a compelling reason to work with the seller. By providing tax returns, bank statements, pay stubs and other forms of household income and expenses along with a detailed hardship letter, the lender has a true an accurate picture of the sellers’ circumstance. IFR works with sellers to complete a thorough and effective Short Sale package.
Q. Will a Short Sale hurt my credit?

A. The term “Short Sale” is not reflected on the sellers credit report. Many times a Short Sale is reported as “Paid-Settled” which will most likely lower the sellers credit rating. The alternative, however, would be foreclosure which can significantly damage a sellers credit rating for years to come.

Filed under: Business Services, Listing Presentation, Real Estate Market, Selling, Short Sale, VRN | No Comments »

Real Estate Agents bring valuable tools such as market research and planning that assist you in buying and selling properties. Many times a layperson looking to buy or sell real estate doesn’t consider these elements are important parts of the process….

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What is a short sale? A short sale is a sales transaction in which the seller’s mortgage lender agrees to accept a payoff of less than the balance due on the loan.

Filed under: Real Estate Market, Selling, Short Sale, VRN | No Comments »

Banish the clutter! Trim the bushes! Hide your Star Wars collection! Take down the family pictures! What things can you do to prepare a house for sale? You’ll find tips, hints, thoughts and ideas for sprucing up, cleaning out, decorating, staging, creating a great first impression and making a house appealing to buyers in this Updated Field Guide.

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The latest idea bubbling up in the world of real estate is the use of principal reductions to stem the foreclosure tide, the theory being that if we lower mortgage balances then homeowners will have smaller monthly payments and fewer foreclosures. It sounds great, but don’t look for lenders to gleefully cut mortgage balances anytime soon. In fact, principal additions rather than principal reductions are the rule of the day.

Filed under: Commentary, Economy, Foreclosure, Mortgage, Politics, Real Estate Market, Selling, Short Sale, VRN | No Comments »

Loan modifications don’t offer principal reductions and short sales mean the home owner has to move out. Where do you turn to get a principal reduction and stay in your home? These questions answered and more…

Filed under: Economy, Mortgage, Real Estate Market, Selling, Short Sale, VRN | No Comments »

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DOES ANY OF THIS SOUND FAMILIAR?
* “I’m tired of managing property and dealing with tenants.”
* “I’ve got tenants/family members that don’t pay me enough, but I just don’t have the heart to raise their rent or kick them out.”
* “I refuse to pay all those capital gains . . . and [...]

Filed under: 1031 Starker Exchange, Listing Presentation, Money-Saving, Mortgage, Real Estate Market, Selling, Tax Issues, VRN | No Comments »