Add comment August 23rd, 2007
12:00 - 4:00
To Benefit
At The Orwood Resort
4451 Orwood Road, Brentwood
Live Broadcast from Rock 104 - The HAWK
TICKETS ARE $5.00 KIDS UNDER 10 ARE FREE
FOOD AND DRINKS AVAILABLE BRING YOUR OWN CHAIR!
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For More Information Contact Us At 925-392-4131
Add comment August 22nd, 2007
What is a short sale?
A short slae is when a lender accepts a discount on a mortgage to pay-off to avoid a possible foreclosure auction or bankruptcy. While the property is still being purchased, the Lender’s approval of the contract and terms becomes necessary as they must approve the discounted pay-off. For example: A homeowner, who is facing forecloure, has an existing first mortgage of $300,000. The buyer writes an offer for $220,000, which is accepted as full payment for the loan. This is a SHORT SALE.
It is best to do a short sale when the property is in the pre-foreclosure state because the banks do not like excess inventory and ad loans on their books.
What happens to the Seller’s credit rating when they allow an investor to short sell their property?
What typically happens is that the loan will show as “paid” on their credit report; however there will be a notation that say’s “settled for less than original owed” or something along those lines. It is more favorable for a homeowner to short sell than to have a foreclosure on their credit report.
Can an owner profit from a short sale?
The Seller cannot profit (monetarily) from a pre-foreclosure short sale.
*always contact your accountant for possible tax liabilities
For more information contact “Team Elite” 925-392-4131
August 16th, 2007
If you are looking for Brentwood CA homes for sale you can Search the local MLS straight from our site. From there you will be able to search for real estate and homes for sale in the Brentwood CA area. If you want to be the first person to know when a home hits the market give us a call and we will keep you up to date with all the current Brentwood CA homes for sale.
Also take a look at our Featured Listings page where you can find the Brentwood CA homes that we have listed. To schedule an appointment to view these properties or any of the homes you find on the MLS give us a call or send us an email.
“Team Elite”
Keller Williams East County
191 Sand Creek Rd. #100
Brentwood, CA 94513
Office:(925) 392-4131
Fax:(925) 634-4427
Email: Click Here
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