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I find much confusion among buyers and many agents when it comes to who controls a short sale property.
The mortgagor or owner of the property still owns and controls the property.
What does this mean?
If an offer is tendered on a short sale property it is still up to the owner whether they choose to forward an offer or contract to ...
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Seth Wheeler, Senior Advisor to the Treasury Department, is indicating that the Obama administration will take a closer look at foreclosures and deed in lieu of foreclosure as a solution to homeowners that are in a financially distressed situation.
It appears loan modification have not worked in the way the administration was hoping ...
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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 ( ...
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