“The Lender Agrees Not to Pursue a Deficiency Judgment” – This Realtor puts these words on his Cover Letter, right at the inception of Negotiations with Loss Mitigation on a Short Sale. He also advocates putting similar wordage about Promissory Notes. What do you think about that? Mirela Monte,
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02/27/2010
According to this video: The short sale approval letters are increasingly containing language that specifically allows lenders the option of deficiency judgments – in states allowing them. More recently organizations are popping up that are going to offer to buy these deficiency judgments fr
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02/27/2010
Seller's Beware!!! There are many realtors out there that will list a short sale for you but they don't know about a possible deficiency judgment against the seller after the home has been sold. Furthermore, they don't explain the possible afffects a short sale has on your taxes and credit. What
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02/27/2010
In the cosmetics industry they call it “Gift With Purchase”. You buy, say, a $50 overpriced bottle of perfume and receive a $40 cosmetics bag for “Free”. Having worked in that field in my youth, I’ve often wondered how such a Gift with Purchase Program could lend itself to the Real Estate ind
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02/27/2010
Waterway Palms Plantation is one fine Myrtle Beach Neighborhood. It is located on the Waterway, only minutes to the Beach and close to everything our Area has to offer. It is a gated neighborhood with one of the finest Amenity Centers I’ve ever seen. The Homes are all gorgeous and well built.
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02/27/2010
BANK OWNED WITH WATERWAY VIEWS IN MYRTLE BEACH Overview Maps Photos Features Description Video Neighborhood $329,900 Single Family HomeFor Sale Main Features 4 Bedrooms2 Bathrooms2 Partial Bathrooms1 UnitInterior: 4400 sqftLot: 5,600 sqft Location 241 WEST ISLES OF PALMSMYRTLE BEACH, SC 29579 MI
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02/27/2010
Waterway Palms Plantation is an exquisite gated Waterway Community located in the heart of Myrtle Beach. Patterned after Charleston’s historic Battery district, each home is a throwback to a bygone era, with expansive porches overlooking the water and beautiful details like exposed brick, st
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02/27/2010
Congratulations! After months of red tape and negotiations with your Lender, you were finally approved for a short sale. Time to break out the champagne, right? Not so fast!!! Before you sign the Bank’s approval letter and hurry on to closing, remember that “the devil is in the details”… O
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02/26/2010
The Priceline.com of Loan Modifications? The Obama government battling to ensure protection to foreclosure victims is not aware that there is a simple market based plan to combat this complicated problem. In 2009 White House was given a suggestion on modifying mortgages through the web that w
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02/26/2010
Washington was slapped in the first week of February by a harsh report that politicians will find difficult to ignore. Unless basic Wall Street problems are tackled the country is likely to face another foreclosure triggered mess in the near future. This was the gist of the grim warning given by
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02/26/2010
