Video by: RealEstateUpdate
Video Description:
The downturn of the housing market is leaving some homeowners trying to sell homes that aren't worth what they owe the bank. In some cases their lenders will let them off the hook. KRON4's Maureen Kelly explains how short sales work.

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Tags: area bay california estate foreclosure kelly maureen real sale short update vacaville  short sale See more videos uploaded by RealEstateUpdate

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For banks, short ... ( 1 year ago by 4MySales)

For banks, short sales make much more sense than foreclosures when their loss mitigation people can properly structure the deals. Unfortunately, both processes can be long and expensive for both the bank and the buyer. -4MySales

We offer FREE ... ( 11 months ago by ForeclosureHelp2008)

We offer FREE foreclosure help. We know how to do short sales and have investors who will buy with CASH which banks prefer. Christian-owned business, but we help ALL of God's children. Especially those in need. You can figure out our website from my screen name.

ForeclosureHelp2008 ... ( 11 months ago by ForeclosureHelp2008)

ForeclosureHelp2008 dot com

banks need to wake ... ( 9 months ago by Realtormj)

banks need to wake up and realize most buyers will not wait 2 to 3 months for an answer

The bigger the ... ( 9 months ago by nobodybidness)

The bigger the buyer, the more the bank takes notice. Best if you have HUGE credit references first. You can borrow $50k to $5 million with not even a credit check, if you agree to hold the funds on deposit (in your name) as security for the loan. This doesn't provide you with cash, but it lets you build AAA credit while you hold Rockafeller deposits, until you give back the funds to pay off. creditloader dot com does it all for 4.9% apr.

True, lenders don't ... ( 7 months ago by realtyutube)

True, lenders don't like a short sale, but hate foreclosure even more. Sometimes they have to pay the exiting homeowner to not trash the property on their way out. Also, is it true more banks are requiring agents to be short sale certified?

Not a good time to ... ( 2 months ago by CKBBontabeachbum)

Not a good time to own a home in S.W.Florida either ! I'd be a future renter , if I would be able to get a J O B in the short future ! If there were any high cliffs down here : I'd jump off one !