A short sale is a transaction that should be thought through with counsel before beginning. Therefore, beware of the following tactics that are not always in your best interest… 1. Realtors cannot advise you to miss payments on your mortgage during the short sale. This must be the decision of the seller. 2. Listing homes [...]
You have most likely heard that many banks nation wide are placing a moratorium on foreclosures for a season. While banks and the government work out the legalities and issues at hand in judicial states (Virginia is non-judicial) the question is now at hand… “Will this affect short sales.” The answer is NO. You see, [...]
Banks are continually looking for ways to improve the ways that they process short sales. They have come a long way since 3 years ago when every short sale was taking ridiculous amounts of time and there was little advice that sellers could put much faith in… In the last year we have seen banks [...]
I am listing another beautiful short sale in Alexandria near the Huntington Metro. This home is completely loaded and is only a few years old. If you are interested in receiving more information contact me! Jonathan Bunn Certified Distressed Property Expert Direct- 703.347.4110
The most difficult part of the short sale process is getting started… You are behind on your mortgage payments, you have received a scary letter from the bank, the bank’s loan modification department is ignoring you, but you are not sure all that this may entail. You wonder if you are the only one who [...]
