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The total number of solutions-which included total loan modifications, short sales, deeds in-lieu and workout plans-increased by six percent from July. Among the non-foreclosure solutions were an.
/ Foreclosure Solutions / Short Sale – It can work in Canada too!! August 27, The lawyer negotiated a short sale with the lender and he has agreed to accept $10,000 less than the amount owned on the 2 nd mortgage. The deal has closed this week.
Short Sales-What is it, Why Would I, and How Do I? On , I was under a medical treatment for six months and my property was facing foreclosure. Kentucky Solutions was very considerate and understanding of my situation, The people at their company possess excellent skills and are very people.
Tax Solutions for Short Sales and Foreclosures. The following real estate transactions may generate a cancellation of debt income that may or may not be .
Short Sale: A term that describes the sale of a property for an amount less than the unpaid mortgage. This happens when a borrower cannot afford to keep making mortgage payments and cannot pay the difference between the sale price and the unpaid mortgage.. Find pre-foreclosures, foreclosure auctions, and bank-owned properties in your area.
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A real estate short sale is a negotiated agreement allowing the lender to accept less than is owed on the mortgage. Short Sale Solutions is a short sale processing & negotiating company assisting real estate brokers and agents, as well as homeowners, in getting their short sales closed.
Judicial Candidate Leonore Greller’s ‘s Past Ties To Loan Mod Scam The information charged Herbert, 36, with conducting a home loan modification scam that targeted individuals who were having difficulties making their mortgage payments. During a hearing this afternoon before United states district judge David R. Herndon, Herbert pled guilty to the fraud charge contained in the criminal information.
A short sale is often used as an alternative to foreclosure because it mitigates additional fees and costs for both the creditor and borrower. The negative impact on the borrower’s credit score is typically smaller in a short sale than in a foreclosure, but a short sale usually involves a lot more paperwork for all parties.