21 posts tagged with shortsale.
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How to walk away from a House (Minneapolis Edition)?

After watching our house not sell for 3 months (with one offer that would require us to bring 40k to the table!), we think it might be time for more creative solutions. Tell me about Strategic Defaults in Minnesota. [more inside]
posted by anonymous on Aug 23, 2014 - 9 answers

Referrals for Real Estate Lawyer or similar near Las Vegas?

A good friend owns an underwater house in a suburb of Las Vegas. Payments are current and house is in good shape. The friend reported that a similar home in the development recently sold for several thousand (something like $50-80k) less than his current mortgage. If I can provide referrals to knowledgeable local people so he can get good, sensible information on his options, that would be a huge help. [more inside]
posted by Kpele on Aug 29, 2013 - 0 answers

Which real estate agent to use in a short sale?

Does it matter which real estate agent I use in a short sale? Is legal representation a necessary first step? [more inside]
posted by indigo4963 on Jan 7, 2013 - 2 answers

Make payments on a debt about to be settled?

make payments on 2nd mortgage about to be settled in short sale? [more inside]
posted by morganw on Dec 19, 2012 - 2 answers

Short sale fell through, now what?

First-time (attempted) homebuyer woes: After 7 months, our short sale deal has fallen through. The added complication: we already live in the house. What do we do now? [more inside]
posted by anonymous on Aug 11, 2012 - 4 answers

What do I tell the bank?

Should I be honest with my big-4 (USA) bank when it calls to find out why I haven't paid my mortgage? I'm selling the house and need the $ for rent. [more inside]
posted by anonymous on Jul 11, 2012 - 4 answers

How common are foreclosure deficiency judgments in the real world?

YANAL filter: I am looking at either a short sale, a deed-in-lieu, or a foreclosure. How can I form an educated guess as to the likelihood that the lender will pursue a deficiency judgment? (Details inside!) [more inside]
posted by missrachael on Nov 17, 2011 - 2 answers

Short sale = long pain?

YANALFilter: Short sale: yay or nay? [more inside]
posted by anonymous on Oct 5, 2011 - 11 answers

Short sale? What professional advice do I need?

How do I evaluate the impacts of a short sale to determine if it is right for me? I would like professional advice from someone with an ethical if not fiduciary duty to me, be it a nonprofit consumer counseling agency, financial planner, or an attorney (what kind?). [more inside]
posted by anonymous on Jul 9, 2011 - 3 answers

Questions for realtor when you're renting a home going up on the market?

What questions should we ask the realtor who will be selling the house we are renting? [more inside]
posted by BlooPen on Jan 20, 2011 - 19 answers

A question about a short sale in Delaware.

My sister is going through a short sale in the state of Delaware. She's received two offers. One is fairly conventional, the person will put down 25% and finance the rest. He's offered $120k. The other offer is all cash, as is, no contingencies - but only $93,000. [more inside]
posted by visual mechanic on Oct 18, 2010 - 8 answers

Please recommend a real estate or tax attorney in Phoenix, Arizona.

Please recommend a real estate or tax attorney in Phoenix, Arizona. [more inside]
posted by anonymous on Aug 16, 2010 - 1 answer

Cleaning -- yeah, not my favorite thing.

How much would it cost to have a 1400 square foot condo in the Los Angeles/Orange County area thoroughly cleaned? [more inside]
posted by SpacemanStix on May 10, 2010 - 7 answers

Underwater but not drowning yet

We are $125k underwater in our mortgage. We are not currently in financial distress. Do we have any options? [more inside]
posted by anonymous on Mar 29, 2010 - 17 answers

We rent -- our place is being sold at a short sale. What do we do?

Our condo in California is being sold at a short sale. We lived in the house for two years, our landlord loves us, but he has another house and it sounds like he's "underwater" on both houses. We've offered to buy the place, but everything I've read here and elsewhere on the interwebs make short sales sound like a tremendous nightmare. We really don't want to move. What are our rights, what should our strategy be? We've never owned a house before - help! [more inside]
posted by potsmokinghippieoverlord on Mar 11, 2010 - 13 answers

Is a short sale of my house a viable option?

I need to get out of my house, and it's not all due to financial reasons. Is short sale a viable option? [more inside]
posted by anonymous on Feb 11, 2010 - 10 answers

Short sale? Walk away? Run?

My wife and I need to get out of our house ASAP for reasons both financial and mental-health-related. I've been told we may need to look into a short sale, but researching the process is making my head explode. What, if any, are our options? (more inside, obviously) [more inside]
posted by anthom on Apr 15, 2009 - 16 answers

Short Sale Newb needs help.

Need more advice on how to proceed with a real estate short sale. [more inside]
posted by pearlybob on Mar 28, 2009 - 14 answers

How legal is it for the MI company to require a promissory note on a short sale?

Is it legal for a Mortgage Insurance company (non-lien-holding) to require a promissory note of $20,000 in order to approve a short sale on a house? [more inside]
posted by anonymous on Dec 5, 2008 - 2 answers

The closing is off, now what?

Help. My house closing, scheduled for tomorrow, has been indefinitely postponed since the seller's second mortgage is not going to be paid in full. I don't know what to do even though yes, I already talked to a lawyer. [more inside]
posted by mygothlaundry on Sep 25, 2008 - 22 answers

Alternatives To A Short Sale? Negotiation tips, please?

So I'm looking to buy a house, but my short-sale offer was rejected by the seller's lender. (I assume the seller's financial situation is not as dire as necessary for their bank to approve a short sale for them.) Any suggestions on how to buy the house without throwing money away? [more inside]
posted by mhh5 on Jun 13, 2008 - 28 answers

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