by Paul Rowe on September 2, 2010
Yes! Loan modifications and short sales are two sides of the same coin. The coin is the “loan workout” with the loan mod and short sale as simply two types of loan workouts. Here is the most important thing to know: you cannot do both simultaneously. The banks will kill a short sale in favor [...]
by Paul Rowe on September 2, 2010
A non-recourse loan is a loan where the bank can only seize the collateral used in the loan (your home) and you have no personal liability beyond that. With a recourse loan, you continue to have liability even after the home is seized after default or sold as a short sale. Your loan will be [...]
by Marc Rasmussen on August 30, 2010
by Marc Rasmussen – Sarasota FL Real Estate Are you trying to sell your home or thinking about selling your home in the near future? One thing you need to remember is that buyers generally do not want to purchase a “to do” list. When home buyers go shopping they generally are not envisioning hard [...]