Found 2 blog entries tagged as short sale.

Have you recently been laid off from your job and are facing difficulty making your monthly mortgage payments? Are you thinking of walking away from your mortgage? If you answered yes to either one of these questions, then you should know what adverse effects walking away from your mortgage could bring to your financial life.

When to walk away from mortgage


It is strongly advisable not to walk away from a mortgage, unless you are faced with an extreme situation, such as one of the following:

o    Due to a sudden drop in income you are unable to make your mortgage payments

o    You are underwater and have little or no equity in your home

o    You are not eligible for a loan modification and you are in a non-recourse loan state (see below)

Options for…

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Folks, this has got to be the best short sale fixer opportunity I have seen to-date! $129,900 for all this:

Enormous 3-4 bedroom, 2.25 bath Mediterranean style home featuring an open layout including large living room with oak floors, eat-in kitchen, two full baths on the main floor, mudroom, finished walkout basement with 4th bedroom and bathroom, and a gigantic walkup attic. And if that weren't enough it sits on a whopping .52 acres less than five minutes from downtown! Want more? How about a 700 square foot 2-car detached garage in addition to the attached 1-car garage? Talk about being spoiled for choice for storing your RV, gardening implements, equipment, workshop, or home-based business! Note also that each side of the detached garage has its own…

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