7 Options When Facing Foreclosure
Saturday, January 02
In years past, if you lost your job, couldn’t pay medical bills, or moved out of state, you had a decent chance of selling your home for a profit, or at least breaking even. Now, many people are tens of thousands of dollars upside down on their loan and are unable to downsize to a smaller dwellin...
Credit Consequecnes with Short Sale ( Des Moines )
Saturday, January 02
The credit consequences of a short sale and foreclosure vary slightly. The general consensus is that a short sale will show up on your credit report as a 'settlement', 'settlement for less than owed' or a "pre-foreclosure in redemption". Also, since most lenders will not consider allowing a short...
Des Moines IRS
Saturday, January 02
Des Moines Short Sale Helper:We are not tax experts so what we've written here is only for informational purposes and should be used as a starting point to further investigate the potential tax savings involved. It is absolutely worth your time and money to consult with an expert in these matters...
The Short Sale Package
Saturday, January 02
All of the documentation needed to start a short sale is commonly called a "Short Sale Package" and is usually submitted by the investor interested in the property, the agent representing the seller, or the seller of the property. The package usually includes the following items: Sample Short Sal...
Why will a lender accept a short sale?
Saturday, January 02
Des Moines Assistance with Short SalesWhile most lenders will not be thrilled at the prospect of a short sale they are acutely aware that a foreclosure is usually a far more time consuming and costly option. In a real estate market where housing values are going down it is in the best interests o...
Step to doing a Short Sale in Des Moines , Iowa
Saturday, January 02
Short sales are not necessarily complicated but do require some work on your part and your agent's part if one is involved. Figure out the true value of your property. Many times a real estate agent can provide a market analysis and give you a good idea of what your home might sell for. You can ...