Search Results for: judgment deficiency

New Guidelines to Make Short Sale Approval Easier

For the 2nd time this year, Fannie Mae and Freddie Mac will issue more guidelines to make short sale approval easier for eligible borrowers.  Back in June, Fannie Mae issued guidelines to speed up the process, but these new guidelines (effective November 1st, 2012) are aimed at overcoming some of the obstacles that borrowers face […]

Posted in Fannie Mae & Freddie Mac, Foreclosure News, North Carolina Short Sale News, Short Sale Info for Realtors, Short Sale Info for Sellers | Comments closed

Short Sale Terms

Below is a glossary of common short sale terms. Appraisal An appraisal is typically ordered by the short sale lender after a contract is received.  In most cases, the lender doesn’t know what the property is worth until they order a property valuation, which may be an appraisal or BPO.  Appraisals are usually more expensive […]

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Welcome to the Asheville Short Sales Blog! I’ve included a varied assortment of topics – everything from loan modifications to successful short sales.  Browse the categories or use the search box to read about judgment deficiencies, junior liens, and even attempts by homeowners’ associations to foreclose on homes.  If you have an idea for a […]

Short Sales Offer Advantages over Foreclosures

I recently came across one of the better articles I’ve seen yet advising  sellers in pre-foreclosure.  Tara-Nicholle Nelson’s piece “Short Sales, Tall Benefits” was featured on Inman.com.  The article also address buyers, and she reiterates a point made earlier on this site…problems in banks’ foreclosure processes have led to title issues for buyers.  The advantage […]

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Dave Ramsey Recommends Short Sales for Underwater Sellers

I love Dave Ramsey.  I really do.  He really does offer some good, straight talk on personal finance.  And of course, I am very interested in short sales.  But honestly, I never thought to see what his thoughts were on the subject. So when I happened to see ol’ Dave on TV the other morning […]

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