Recent Articles

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  Can I Short Sale if I am Current on my Mortgage?

  Yes. A short sale proceeds just like any other home sale, with one exception: the seller needs approval from the bank holding the mortgage to complete the transaction. Sellers who are underwater, because they…more

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  Foreclosures down, short sales up. Are banks getting smart?

  The number of foreclosures in April fell to their lowest level since 2007 – and one reason is that lenders are getting smart. Instead of foreclosing on people, a costly and lengthy process, they’re…more

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  Bank of America offers up to $30k to Short Sale

  Bank of America has just announced a limited time offer of $2,500 to $30,000 in relocation assistance for qualified homeowners who initiate a short sale to avoid a foreclosure. In addition the applicant will…more

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  Latest changes to the Bank of America short sale process

  When processing short sales, it’s important to know about how each of the lending institutions handles loss mitigation and paperwork processing. If you have done a few short sales in Equator with different lenders,…more

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  Tax Effects of Foreclosures and Short Sales

  The subprime mortgage crash of 2008 created a landslide of foreclosures and short sales which could persist for many years. A whole new industry in short sales has sprung up. All this has left…more

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  3 Important Reasons to Consider a Short Sale

  Short sales, where owners sell their houses for less than they owe, can offer underwater borrowers an alternative to foreclosure. Equally important, they can give financially troubled homeowners a fresh start. Critics say that…more

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  REAL ESTATE: Short sales pose risks to lenders

  As a last ditch effort to avoid foreclosing on delinquent homeowners, the lending industry is turning to the short sale, a once rare tool that allows a homeowner, with the consent of his lender,…more