Tagged : Short Sales 
There are currently 2 blog entries matching this tag.
The Short Sale Process Pro's and Con's
Tuesday, March 22nd, 2011 at 9:14pm. 1283 Views, 0 Comments.
A question that is being asked frequently in the St George real estate market is, “What is a short sale?” Short sales used to be an infrequent type of real estate transaction, but with current economic conditions here in St. George, more and more homeowners are opting for this type of sale, and banks have begun to offer incentives to sellers to engage in a short sale.
A short sale occurs when a homeowner elects to sell their home for less than what is owed to the mortgage holder. There are pro’s and con’s for both the homeowner and the bank in a short sale, let's take a look from both perspectives.
A Short Sale Perspective From The Bank
There are several reasons why a mortgage holder, or bank, would agree to accept less than…
St George Short Sale vs. Foreclosure
Saturday, March 12th, 2011 at 9:56am. 282 Views, 0 Comments.
Short Sale vs. Foreclosure - Understand Your Options Before Taking Action
There are several differences between a St George Utah short sale and a foreclosure. Washington County homeowners who find they are having difficulty meeting their monthly mortgage payments should be careful to understand these differences before taking action. Discussing the options with their mortgage company, scheduling a meeting with a real estate consultant, and learning what potential taxable and credit report consequences may be from a tax professional or attorney, are all important facets to understand before making a decision. Let's first look at the definition of these terms:
What is a Short Sale? - A Short Sale is when a lender agrees to accept…