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Short Sale Process| Foreclosure Prevention| Distressed Property Sales

Short Sale Process| Foreclosure Prevention| Distressed Property Sales

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Published by mnmortgageguru
http://www.MinneapolisStPaulHomes.com Learn about the short sale process of selling a home. A short sale may be an option to a foreclosure. Consult your accountant and attorney for appropriate advice regarding your situation. This information is provided as a basis of discussion for you to use with your professional in your area. Laws vary from state to state. No legal advice is given here-implicit or otherwise. Another resource for you may be to go to www.IRS.gov and typing in keywords to get to the publications that may pertain to you. For example, you may want to review publications 4681 which is entitled Canceled Debts, Foreclosures, Repossessions, and Abandonment. The free IRS help line number is 1-800-829-1040
http://www.MinneapolisStPaulHomes.com Learn about the short sale process of selling a home. A short sale may be an option to a foreclosure. Consult your accountant and attorney for appropriate advice regarding your situation. This information is provided as a basis of discussion for you to use with your professional in your area. Laws vary from state to state. No legal advice is given here-implicit or otherwise. Another resource for you may be to go to www.IRS.gov and typing in keywords to get to the publications that may pertain to you. For example, you may want to review publications 4681 which is entitled Canceled Debts, Foreclosures, Repossessions, and Abandonment. The free IRS help line number is 1-800-829-1040

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Published by: mnmortgageguru on Dec 29, 2008
Copyright:Attribution Non-commercial

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12/05/2010

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© Distressed Property Institute LLC, All Rights Reserved 
To be used only by Certified Distressed Property Experts.
Certified Distressed PropertyExpert  John Mazzara CDPE
 
© Distressed Property Institute LLC, All Rights Reserved 
To be used only by Certified Distressed Property Experts.
National Numbers
August 26, 2008
.99% in Foreclosure6.35% in Default (30+ days late
)
Mortgage Bankers AssociationBased on 45,000,000 mortgages
Source: MSNBC.com
 
© Distressed Property Institute LLC, All Rights Reserved 
To be used only by Certified Distressed Property Experts.
National Numbers
Prime Mortgages
,
 June 5
th
2008 (January to
Flat Rate
 –
.54% in Foreclosure
 –
3.71% in Default (30+ days late
)
Adjustable Rate
 –
1.55% in Foreclosure
 –
6.78% in Default (30+ days late
)
Mortgage Bankers AssociationBased on 45,000,000 mortgages
Source: MSNBC.com

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