Tag Archives: Sell

HouseRebate.com Now Providing Quick Sale System: Sell Your Residence at No Expense and Avoid Foreclosure

Posted on by


San Diego, CA (PRWEB) January 13, 2009

Customers can now save their credit and avoid foreclosure by promoting their property making use of the “Short Sale” process. For the initial time, HouseRebate.com is now supplying its Short Sale plan to troubled property owners. The homeowner can sell their property even if their loan amount is higher than the value of the house with no out of pocket fees. In a quick sale, the lender is willing to accept a smaller sized payoff of the balance of the loan in order to sell the home at fair industry worth.

&#13

The ideal benefit of HouseRebate.com’s new Brief Sale system is that the lender usually pays all the commissions, listing charges and closing charges. The second advantage of selling your residence in a short sale rather than going via the foreclosure process is a foreclosure impacts your potential to buy a home 4 to five years longer than a short sale. Primarily based on the new Fannie Mae lending suggestions consumers might be able to qualify for a property loan in two years if they select a quick sale as opposed to five to 7 years if their home is foreclosed upon.

&#13

To qualify for a Brief Sale, buyers normally need to have to be experiencing a economic hardship. These incorporate the following conditions: divorce, marital separation, military duty, healthcare bills, damage to home, illness, loss of Job, decreased Income, failed enterprise, job relocation, death and incarceration.

&#13

For customers that do not want to sell their home, a totally free loan modification kit is accessible. The kit includes a step-by-step procedure to help buyers with the loan modification approach which will enhance their probabilities of acquiring a loan modification. A lot of lenders now have whole departments set up to deal with customer loan modification requests.

&#13

For a lot more data on this Short Sale program and getting your cost-free Home Loan Modification Kit, please contact HouseRebate.com’s cost-free 24-hour recorded message 1-800-958-1952 or apply on-line.

&#13

About HouseRebate.com&#13

HouseRebate.com is a full service actual estate firm. HouseRebate.com maintains a seasoned staff of agents who provide all the services that standard true estate offices offer you at discount pricing, supplying lowered commissions on sales and 33% rebates of its commissions on purchases. HouseRebate.com has a virtual foreclosure tour bus that shows the current San Diego foreclosure properties offered. HouseRebate.com is a member of the National Association of Realtors

Banks Motivated to Sell Difficulty Mortgage Loans at Discount at Year-Finish

Posted on by

(PRWEB) December 29, 2011

Banks are evidencing a willingness to sell their issue industrial actual estate loans at a substantial discount prior to the end of this calendar year, stated Kevin Levine, Executive Vice President of Strategic Asset Options/Peak Asset Options. If those dilemma real estate loans remain on their books via December 31, banks will be required to develop substantial reserves against them, he said. This will effect their earnings reports for the fourth quarter and for 2011 as a entire. And it will decrease their tangible capital ratios. So they have every single motivation to sell those loans and get them off their books ahead of the year comes to a close.

&#13

Levine explained that despite the motivation for quick sales, banks will not enter into just any loan-sale transaction. The bank must perceive that the value it will obtain from the year-end loan sale will be equivalent to or greater than what it would get upon foreclosure, he mentioned. In making that calculation, the bank will contemplate the costs of foreclosure and the estimated time delay ahead of the property can be resold. Levine explained that the bank will want a clean sale, with no circumstances and the potential loan purchaser will have to offer a proof of funds evidencing that it has the money to close the transaction in a matter of a few days.

&#13

Levine commented that if there is a sturdy guarantor, the bank will be considerably much less prepared to approve a note buy resulting in a book loss. Nonetheless,” he stated, “if the guarantor is insolvent or otherwise financially weak, the bank will not be capable to appear to the guaranty as a source of recovery. If these are the circumstances, the bank could effectively conclude that it is very best to reduce its losses and dispose of the issue asset now.

&#13

Strategic Asset Options/Peak Asset Solutions delivers commercial loan modification and quick sale services in California and all through the country. The companys personnel bring substantial commercial true estate expertise to every assignment, like industry evaluation, valuation, legal, and negotiation expertise. Every single borrowers special lending circumstance is totally analyzed, and the borrower is assisted in preparing present operating reports and projections. Then, Strategic Asset Solutions/Peak Asset Solutions drafts and submits to the lender a loan modification proposal. That proposal may possibly contain a principal reduction, interest rate reduction, and waiver of penalty charges. In these situations where a loan modification will not function to the mutual advantage of the borrower and lender, Strategic Asset Options/Peak Asset Options will attempt to broker a short sale of the industrial actual estate at a substantial discount from the loan balance, or will seek to negotiate a sale of the note to a third-celebration.

&#13

Strategic Asset Options/Peak Asset Options is a single of the entities in the Peak Corporate Network headquartered in Woodland Hills, California. In addition to commercial loan modifications, the Peak Corporate Network entities offer mortgage lending, loan servicing, residential quick sale solutions, 1031 exchange, trustee operate, foreclosure services, genuine estate brokerage and escrow solutions. For much more details, check out http://www.peakcorp.com

&#13

The Peak Corporate Network brand represents a group of associated separate legal entities, every single supplying its exclusive set of real estate solutions.

&#13

###

&#13
&#13
&#13
&#13
&#13