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Monday, September 13, 2010 10:45 AM

Why is a Short Sale better for me than a foreclosure?

I have written past articles about why you should consider a short sale over a foreclosure. Lately, I have been on a few short sale appointments where the home sellers feel if they are going to lose their home anyways why bother with a short sale instead
Posted by Kevin Vitali | 1 Comments
Wednesday, September 08, 2010 6:54 AM

Stay or Don't Stay During a Short Sale?

A question I receive quite often from a short sale seller is should they move right away. First off you need to do what is best for your family. But with that said, It is best if you stay in your home while going through the short sale process. There
Posted by Kevin Vitali | 0 Comments
Friday, July 09, 2010 12:42 PM

30 Market Street, Unit 14 in Downtown Arts District is Sold!

Downtown Arts District, Lowell - The other at 30 Market Street, Unit 14 has been sold. 30 Market Street was a short sale with a first and second loan with Bank of America (also had to negotiate with a mortage insurance company). Listed in November and
Posted by Kevin Vitali | 0 Comments
Monday, June 21, 2010 12:35 PM

How much does a short sale cost?

I receive this question a lot. Sellers are concerned about how much a short sale will cost on their home. In a nutshell, the answer is a short sale should cost you nothing. Most fees in a short sale are paid by the bank!! The bank allocates fees for real
Posted by Kevin Vitali | 0 Comments
Thursday, June 03, 2010 6:05 PM

Wakefield MA- Short Sale Closed Today!!

Successfully closed on a short sale in Wakefield Massachusetts today. This home was a relatively easy one. US Bank was the only lien holder and we received short sale approval in 15 days from submitting the package. No deficiency judgments!! From the
Posted by Kevin Vitali | 1 Comments
Thursday, May 27, 2010 10:25 AM

Buying a Short Sale- What you must know....

> Dfinition of a short sale: A short sale of a property is where a homeowner must sell their home due to a hardship (usually financial) for less money than what is owed to the mortgage holder(s). In a short sale the seller must get permission from
Posted by Kevin Vitali | 0 Comments
Tuesday, May 11, 2010 10:01 AM

The Short Sale "Hardship"

For many homeowners a short sale is the last option before foreclosure. When a bank is considering a short sale they aren't doing it just because the seller is upside down on their home. They are generally looking for a financial hardship to justify
Posted by Kevin Vitali | 1 Comments
Monday, May 03, 2010 5:03 PM

Short Sales and Your Tax Liability

There is a lot of confusion surrounding the tax liability in regards to the forgiveness of debt when it comes to a short sale. First off it is important to state you are concerned about the tax liability in a short sale, you should definitely talk to
Posted by Kevin Vitali | 1 Comments