“Helping Homeowners with No Equity, One Home at a Time”

Will Banks Issue an Extens...

When you work with a West Chester short sale, you are probably very aware that you are working against time. You never know how close the West Chester short sale is to going into foreclosure, and it can be very frustrating to get to the end of the process to find out that the home is already going into foreclosure. In some instances, a bank will extend a West Chester short sale. This usually happens...

Who Pay the West Chester S...

A West Chester short sale occurs when a seller cannot continue to afford mortgage payments and so the bank agrees to sell the house for less than current value of a home. Because there is so much debt that is either forgiven or pursued as deficiency litigation it begs the question as to who pays the closing costs with a West Chester short sale. In any short sale agreement there are three parties that are...

What Is a West Chester Sho...

As soon as you start researching a West Chester short sale the term BPO will inevitably come up, but many buyers don’t understand what a BPO is and why it is important for every West Chester short sale. A BPO stands for Broker’s Price Opinion. Lenders use a BPO for a West Chester short sale because most banks have headquarters in another state and are not equipped to fully understand the market...

What Is a West Chester Sho...

Buyers and sellers definitely have different goals when it comes to a West Chester short sale. The seller wants to get the most amount of money possible to satisfy the debt and reduce the possibility of deficiency litigation. The buyer wants to get the lowest price possible on the West Chester short sale, but what both parties have in common is that they are looking for a West Chester short sale approval...

How Does HAFA Apply to a W...

The Home Affordable Foreclosure Alternatives (HAFA) is a relatively new government program designed to streamline the short sale process in order prevent the increase of foreclosures. If you are in the process of looking a more affordable housing alternative, you may consider listing your house as a West Chester short sale under HAFA. If your home is listed as a West Chester Short Sale under HAFA, you are...

Can You Short Sale Your Co...

It is a common myth that to list your home as a Coatesville short sale it has to be your primary residence, but this isn’t always the case. In fact, many HAFA short sales allow investment properties to be listed as short sale as long as the house hasn’t been purchased in the last 12 months. Your ability to qualify as Coatesville short sale depend more on the type of loan that have, the lender...

Common Questions about a C...

There are many people that see the great price of a Coatesville short sale but are too nervous to pursue the home because they have too many questions. Your experienced Coatesville short sale agent is a wealth of information when it comes to the short sale process, and you shouldn’t hesitate to ask you agent any kind of question in the relation to a home. Here are some of the more common questions...
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