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Why would your lender take less than you owe on your mortgage?

Thursday, December 22

Why would your lender take less than you owe on your mortgage? By Pasadena short sale agents, Munson Realty Why would your lender accept less than what is owed on my mortgage? Lenders are in business to lend money, not to own real estate. They do not want the expense of the foreclosure process...


What is a short sale hardship? By Pasadena short sale agents

Thursday, December 22

What is a short sale hardship? By Pasadena short sale agents Munson Realty Short Sale Hardship-In a traditional short sale where there is a true ”hardship” for the underwater homeowner, the bank will often ask for a “hardship letter” explaining the homeowners case for “short sale hardship”.A shor...


Backing out of a home purchase

Thursday, December 22

Backing out of a home purchaseBacking out of a home purchase in California is not so difficult as it is a very consumer friendly state for home buyers. One of the MOST important rights you have as a buyer is backing out of a home purchase!Let's imagine you find a home that is perfect fit for you...


Short Sale vs Foreclosure-by Los Angeles short sale agents Munson Realty

Thursday, December 22

Short Sale vs Foreclosure- by Los Angeles short sale agents Munson Realty It’s no “news flash” that many homeowners are underwater and desperate for relief.  They are experiencing hardships such as job loss, death or illness in the family or frankly their adjustable loan rates have spiraled out o...


How much for down payment?

Thursday, December 22

How much for down payment? It really depends on your situation. Are you a first time buyer, move up buyer or an investor? Here are some guidelines for each:First-time home buyers- First time buyers have many options.VA Buyers- Can put Zero down and the seller must pay the closing costFHA Buyers-...


Short Sale vs Foreclosure-by Pasadena short sale agents Munson Realty

Thursday, December 22

Short Sale vs Foreclosure By Pasadena Short Sale Agents, Munson Realty Short Sale vs Foreclosure-by Pasadena short sale agents Munson Realty- It’s no “news flash” that many homeowners are underwater and desperate for relief. They are experiencing hardships such as job loss, death or illness in th...