Answer: When short sales started creeping back into real estate sales in 2005, many sellers asked how they could make money from a short sale.The popular belief was that sellers couldn’t profit from a short sale – however, there are actually a few ways that sellers can get paid to do a short sale. . Not all of them are legal, though, so be sure you’re following the l
If you’ve lost your home through a short sale and want to get another mortgage loan, you might be wondering how long you’ll have to wait. Your credit will take a hit after a short sale, although possibly not as much as it would if you had lost your home through foreclosure.Nevertheless, a short sale will likely prevent you from getting another mortgage right away.
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What is a short sale? If you become behind on mortgage payments, a short sale might be the way to sell your home without going into foreclosure.
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The short sale completion time often is due to the particular lender involved and the complexity of the short sale. Things like the number of lien holders, liens against the property and private mortgage insurance can all be factors in whether a short sale will take extra time.
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