Boston Metro North Real Estate

I recently have had a few people contact me after about doing a short sale on their home.  They have tried to modify their loan and they were disappointed with the results.  They then stop paying their mortgage thinking they will do a short sale.  They feel that they owe way more money on their home than it is worth. The banks ...

One of the biggest question/ concerns a short seller has, is "Who will pay your commission in a short sale?". The answer is very simple.  In a successful short sale negotiation the lender will pay the real estate commission.  There are also other fees in the transaction that must be paid:Real Estate CommissionAttorney Fees ( ...

The short sale process combines a documentation process and the listing process. The docementation process is much like a loan in reverse.  Your short sale specialist will need the following items:Last mortgage statement2 years of W'2's Last 2 paycheck stubsLast 2 months of your checking and savings bank statementsLast quarter ...

I continually run into some confusion with consumer's about short sales.  There are two common questions that keep coming up. Can a bank come after you for a deficiency judgement in a short sale? All depends on the negotiations.  If you are doing a short sale make sure that you have in writing that the debt is settled and they will ...

Everywhere you go these days there seems to be a lot of buzz about foreclosures and short sales. So whats all the hoopla?  There are just as many good deals with homes that are listed as a non distress situation and the aggravation is far less. What's a Short Sale?  A short sale is still owned by the owner.  Think of it as a ...

With the prevalence of short sales and foreclosure, I thought this artice was interesting about the risk and rewards of short sales.  If you are selling as a short sale get involved with an agent who know what they are doing, they are difficult and require experience. By Ron Carpenito , Real Estate Review Eagle-Tribune "In ...