George Deschene

George Deschene

Award-winning social media junkie. Friendly music geek. Unapologetic tv advocate. Devoted twitter junkie. Devoted burrito aficionado.

53 Author´s Posts
Do realtors make money on short sales?

Do realtors make money on short sales?

Agents can agree on a division of 50 to 50 or a difference of, generally, a half to 1 percent difference in fees. The...

Can a seller make money on a short sale?

Can a seller make money on a short sale?

Get money for a HAFA short film. A short sale means that they won't make any profit from the sale of the house; the bank...

What is the point of a short sale?

What is the point of a short sale?

A short sale is when a mortgage lender agrees to accept a lower mortgage payment amount than is due to facilitate the...

Is a short sale a good idea?

Is a short sale a good idea?

In short, short selling is a good idea if you have plenty of time and money. A short-selling buyer can get the property...

How does a seller benefit from using a short sale?

How does a seller benefit from using a short sale?

The seller avoids foreclosure and is exempt from all or part of the mortgage obligation to the lender. The seller can get ...

What is the downside of a short sale on a home?

What is the downside of a short sale on a home?

Disadvantages of a short sale A short sale has quite a few catches. There are more parties involved than a typical sale,...

Can a short sale be removed from credit report?

Can a short sale be removed from credit report?

However, it is possible to remove a short sale or foreclosure from a credit report. According to the Federal Fair Credit...

Why would someone do a short sale?

Why would someone do a short sale?

A home goes into short sale when the owner realizes that they can no longer pay the mortgage. Rather than waiting for the ...

Is buying a short sale a good idea?

Is buying a short sale a good idea?

A short sale buyer can get the property at a reduced price,. The bottom line for the seller Short selling is often...

Do you make money on a short sale?

Do you make money on a short sale?

No cash withdrawal A short sale means they won't make any profit from the sale of the house; the bank or mortgage lender...

Is buying a short sale risky?

Is buying a short sale risky?

It's less risky to buy a short sale than to buy a foreclosure. Usually, they will also continue to occupy the house and...

What are the pros and cons of buying a short sale home?

What are the pros and cons of buying a short sale home?

The pros and cons of buying a short sale Short selling can take a long time. Make sure the lower price is really worth it.

Why would someone short sale a house?

Why would someone short sale a house?

A house goes into short sale when the landlord realizes that he can no longer pay the mortgage. Instead of waiting for...

How often do short sales fall through?

How often do short sales fall through?

Even when both the buyer and the seller have signed the documentation (indicating a binding contract), only about 40...

What are the disadvantages of a short sale?

What are the disadvantages of a short sale?

The term “short sale” is a bit misleading. The bank or lender holding the mortgage must approve the offer, rather...

Can a short sale fall through?

Can a short sale fall through?

In many cases, short selling occurs because the market is failing and home values have fallen accordingly. The price paid ...

Why are short sales so difficult?

Why are short sales so difficult?

Short selling is a mix for the buyer, seller and lender. If you're a seller, a short sale is likely to hurt your credit,...

How long do short sales stay on the market?

How long do short sales stay on the market?

Homebuyers who are interested in buying a short sale home should be prepared to wait. A conservative estimate should...

Why do short sales take long to close?

Why do short sales take long to close?

Short selling occurs because the property loan is greater than the sale price minus all selling expenses. In the case of...

Can you negotiate a lower price on a short sale?

Can you negotiate a lower price on a short sale?

Offer 10 to 15 percent below the approved price to start negotiations. If you lower an offer, the lender may not respond.

Which is worse short sale or foreclosure?

Which is worse short sale or foreclosure?

A short sale transaction occurs when mortgage lenders allow the borrower to sell the home for less than the amount owed...

What does a short sale mean in real estate?

What does a short sale mean in real estate?

A short sale occurs when a homeowner with serious financial problems sells their home for less than what they owe on the...

How does short sale work?

How does short sale work?

A short sale is a transaction in which the seller does not actually own the shares being sold, but instead borrows them...

Who gets the profit with a short sale?

Who gets the profit with a short sale?

All proceeds from a short sale go to the lender. The lender then has two options: to forgive the remaining balance or to...

What are the steps in a short sale process?

What are the steps in a short sale process?

Request short selling approval from the lender. Create your proposal and find a buyer.

How does a short sale affect the buyer?

How does a short sale affect the buyer?

As a result, buyers can often get a better deal on the home than if it were purchased through a typical sale. Short...

What is the disadvantage of a short sale?

What is the disadvantage of a short sale?

The lender could contradict, reject, or not respond. Even if a seller has already been approved by their lender for a...

What are the consequences of a short sale?

What are the consequences of a short sale?

However, a short sale results in a loss on the loan and the end of interest payments and service charges that represented ...

Why do sellers choose a short sale?

Why do sellers choose a short sale?

A short sale is usually an attempt by both the seller and their lender to avoid foreclosure because of a homeowner's...

What is the risk of a short sale?

What is the risk of a short sale?

The lender may contradict, reject, or not respond. You may think your offer is too low.

Who gets the money in a short sale?

Who gets the money in a short sale?

All proceeds from a short sale go to the lender. The lender then has two options: to forgive the remaining balance or to...

Can seller profit from short sale?

Can seller profit from short sale?

Negative aspects of short selling to a home seller A short sale means that you won't make any profit from the sale of the ...

What are the pros and cons of a short sale?

What are the pros and cons of a short sale?

The pros and cons of buying a short sale Short selling can take a long time. Make sure the lower price is really worth it.

How a short sale works for the buyer?

How a short sale works for the buyer?

Buying a home through a short sale is similar to buying a foreclosure, but the two processes are not the same. In a short ...

How can a short sale affect a seller?

How can a short sale affect a seller?

Credit Status The lender will report the short sale to the credit reporting agencies, who will show the transaction as an ...

How does the short sale process work?

How does the short sale process work?

Understanding Short Selling A short sale is a transaction in which the seller does not actually own the shares being...

Why do short sales fail?

Why do short sales fail?

Just because a seller accepts a short sale price doesn't mean that the lender does, and the list price may be far below...

How long does a short sale affect the seller's credit for?

How long does a short sale affect the seller's credit for?

Because both short selling and foreclosures fall under this general category, most lenders won't distinguish between the...

Are short sales hard to buy?

Are short sales hard to buy?

Short selling is complicated and slow transactions for both the buyer and the seller. It can take weeks or months for a...

Are short sales good for investors?

Are short sales good for investors?

For investors, buying a home for short sale can provide a great deal on a property with a fixed investment of 26%....

Short Sale Real Estate: How To Save Money In Conveyancing Fees In Geelong

Short Sale Real Estate: How To Save Money In Conveyancing Fees In Geelong

It's no secret that short-sale real estate transactions can be complex and time-consuming. The process often involves...

Why You Need A Residential Roofing Contractor For Short Sale Real Estate In Columbia, MD

Why You Need A Residential Roofing Contractor For Short Sale Real Estate In Columbia, MD

It's no secret that short-sale real estate can be a hassle. There are a lot of things that need to be done to make sure...

Short Sale Vs. Cash Sale: What To Do When Foreclosure Looms On Your Atlanta Home?

Short Sale Vs. Cash Sale: What To Do When Foreclosure Looms On Your Atlanta Home?

Foreclosure looms for many homeowners across Atlanta. Some people may be considering a short sale, while others may be...

Short Sale Real Estate: The Benefits Of Selling To A Hamilton, Baltimore Cash Home Buyer

Short Sale Real Estate: The Benefits Of Selling To A Hamilton, Baltimore Cash Home Buyer

It's no secret that the real estate market has been struggling in recent years. Home prices have dropped, and...

Short Sale Real Estate in Brewers Hill, Baltimore: Repairing A Damaged Roof After Purchase

Short Sale Real Estate in Brewers Hill, Baltimore: Repairing A Damaged Roof After Purchase

Buying a property in Brewers Hill, Baltimore as a short sale can be a great way to get a good deal on a property....

The Pros And Cons Of Short Sale Real Estate In Columbia, SC

The Pros And Cons Of Short Sale Real Estate In Columbia, SC

Are you thinking of buying a short-sale property in Columbia, SC? If so, it’s important to understand the pros and cons ...

Pros And Cons Of Purchasing Short Sale Property For Office Space Use In Austin, TX

Pros And Cons Of Purchasing Short Sale Property For Office Space Use In Austin, TX

Due to the high demand for office space in the area, many commercial property buyers consider purchasing short-sale...

The Benefits Of Working With Cash Home Buyers For A Short Sale Real Estate Transaction In Atlanta

The Benefits Of Working With Cash Home Buyers For A Short Sale Real Estate Transaction In Atlanta

Are you considering a short sale of your Atlanta home? If so, you may be wondering if there are cash home buyers who can...