Posted by Yvonne Long on March 26, 2009 at 12:29am
As promised here is a peak at my latest Real Estate Blog the entire article can be found at http://shortsales-yllong.blogspot.com/Reasons Why Buyers Might Not Want to Buy a Short Sale:1) Sellers Paid Too Much.If a home sold for $500,000 a few years ago and is now for sale at $400,000, that doesn't mean the buyer is picking up $100,000 of equity for free. It means the seller paid too much in a rising market and now the market has fallen. It means the seller has no equity.2) Sellers Borrowed Too Much............http://shortsales-yllong.blogspot.com/God Bless.
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Posted by Yvonne Long on March 18, 2009 at 11:15pm
The Wrong Short Sale House Might Not Ever CloseWhen you spot a short sale house that interests you, take your hand off the mouse and step away from the computer. Before you get all excited over the prospect of buying that short sale house, pick up the phone and call your real estate agent. Your agent needs to research that short sale listing first.In some real estate markets, fewer than one in 10 short sales close. Just because that home is listed as a short sale doesn't mean it's really for sale (because it's subject to lender approval), nor does it .......the rest of the article can be found on my blog http://shortsales-yllong.blogspot.com/God Bless
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Posted by Yvonne Long on March 11, 2009 at 10:41pm
Lately the question that everyone is asking “what will my lender need from me if I want to do a loan modification”. Well before any lender can recommend the most appropriate workout option, it is important that they have a complete understanding of your current financial situation. As part of this process most lenders will require the following documentation:You can read the entire article on my blog at :http://shortsales-yllong.blogspot.com/Be Blesed!
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