Posts Tagged ‘mortgage’

Mangled Mortgage – Everything You Need to Know About Foreclosures, Short Sales, and Loan Modifications

“If you plan to be involved in real estate over the next several years, you
need to read this book.”
Tipper Williams, President, International Management Systems

“This is a comprehensive guide for anyone who needs to understand the distressed housing situation. A great read!”
Ross Costanzo

“Our team sold several hundred foreclosures last year, and this book gives you everything you need to know to do the same.”
Jennifer Young, Owner, Jennifer Young Homes.

This book was written for real est

Rating: (out of reviews)

List Price:

Price: $ 19.95

I presently have about $12,000 to put down and I did a short sale back in Jan of 2008. Everything I’ve read says that I will need to wait about 18 months. Can anyone provide me with any insight?

I short sold a property in July 2008. I have read and heard a variety of opinions. Can anyone give me the real-deal on buying after a short sale?

Thanks!
I am aware of what it means to short a stock. I’m talking about short selling a primary residence; real estate.

My credit score came up 680.

I am current on my mortgage payments but my job needs me to relocate out of the state. My home value has gone down significantly since I bought it. I was working with a realtor and was informed that a short sale is my best option. How will this affect my credit?

My house lost $200,000 in value. I’ve been current on my mortgage payments. I want to do a short sale and buy a smaller cheaper house. How will a short sale affect my credit? and will this prevent me from buying a house in the future?

I am current with my mortgage and have great credit but I need to get out of my home and I owe more than it is worth. I was wondering what a short sale will do to my credit and if you have to be late on your mortgage to even qualify for one. Also, what will it do when I try to buy a new house? Is there any other way to get out of a house quickly? Thanks!

Any one know how bad a short sale effects your personal credit? I talked with a gentleman who specializes in short sales and says it only effects your credit for about a year and up to 40 points. I have excellent credit, so that doesn’t worry me too much. I’m more worried that he is just telling me this to get my business. Thanks!