Skip to main content
#
ColumbiaForeclosureRelief.com
Columbia Foreclosure and Short Sale Information
Available Short Sale in Heatherstone Irmo
Irmo, SC Short Sales
Successful Short Sale Gallery
Available Short Sales Gallery
Columbia
How To Stop The Foreclosure Process
Effects Of Foreclosure
Short Sale Testimonials
SCHelp
Avoid Foreclosure
What Is A Short Sale?
Short Sale vs. Foreclosure
Qualifying Process for a Short Sale
Access This Free E-book
Benefits of a Short Sale
Things You Should Know Before Proceeding With A Short Sale
Learn About Short Sales
Frequently Asked Questions
Glossary Of Terms
FAQ
What The First Step In The Short Sale Process
Qualifying for a Short Sale and Avoiding Foreclosure
Home Evaluation
Testimonials
Getting Started
What Is A SFR - Short Sales and Foreclosure Resource?
Important Website Information
Columbia Short Sale Information
Rozalyn Franklin
Rozalyn Franklin - (803) 318-6412
Our Blog 
Friday, October 21 2011
Buying a short sale can be a great opportunity whether you are an investor, first time home buyer or just looking to move up to a bigger home. Knowing something about the Short Sale process may help you take advantage of that opportunity and help to relief some of the potential stress. The key difference in a short sale vs a traditional transaction is:
  • Short Sales traditional have a lower sales price
  • Short Sale transactions traditional take longer to close
  • Short Sales have Multiple parties involved in the contract approval
The most important thing to remember is that Short Sales require patience;but the pay offs may be big.

Click to watch this short video illustrating a short sale timeline.

youtu.be/NvjG8LsgpHc
Posted by: Rozalyn Franklin AT 03:30 pm   |  Permalink   |  0 Comments  |  Email
Monday, October 10 2011
Foreclosure in Columbia South Carolina is on the rise. As with many people facing such a tragedy. Knowing what their options are and what decisions would be best; is not only hard but very stressful.

Foreclosure involves a lawsuit in which the bank, a mortgage company, or other lien holder seeks to take ownership of the property to satisfy a debt. The owner loses whatever rights he or she had in the property. Once the owner has missed a couple of payments the bank will send several notices stating that foreclosure is impending; which of course is the mortgage companies way of trying to get the loan paid up to date. An official foreclosure or notice of default will be filed if all attempts have failed to bring the loan current.

Deed-in-lieu is another form of foreclosure but it allows you to bypass all the paperwork. The owner can sign the deed and/or mail keys back to the lender foregoing all the filing.

Both foreclosure and Deed-in-lieu will effect your credit the same.

A short sale is when the proceeds from selling the property fall short of the balance of debts  and the owner cannot afford to repay the full amount, the bank would agree to accept less than the amount owed on the debt.

The advantages to a Short Sale when facing foreclosure

-Your lender may offer financial incentives lenders are known to offer $3,000 for relocation assistance at closing.

-A tremendous burden can be lifted
facing foreclosure alone can be traumatic and stressful. you can successfully short sale your home with the help of a qualified and experience real estate agent. At no cost to you. Having an agent work for you reliefs stress and can speed up the process.

-Once a short sale is approved you credit begins to repair itself.

-The owner maintains rights to the property until closing.

Rozalyn Franklin



Posted by: Rozalyn Franklin AT 04:04 pm   |  Permalink   |  0 Comments  |  Email
Columbia Foreclosure Relief
Email
Twitter
Facebook
Digg
LinkedIn
Delicious
StumbleUpon
Add to favorites
Reddit
MySpace
Share This Page
Columbia Foreclosure Relief
Email
Twitter
Facebook
Digg
LinkedIn
Delicious
StumbleUpon
Add to favorites
Reddit
MySpace
Translate

Brought to you by:

Rozalyn Franklin
Keller Williams Realty

140 Wildewood Park Drive
Columbia, SC 29223

(803) 318-6412



DISCLAIMER - TERMS OF USE - PRIVACY POLICY - CONTACT POLICY - IMPORTANT NOTICE

Copyright© 2009- Pro Step Marketing, All Rights Reserved.

Disclaimer: The information provided on this website should not be constituted as legal advice. The content is intended to provide general information about the short sale and foreclosure processes, and should not be acted upon without the counsel of a qualified REALTOR®, attorney, and tax expert.

Site Powered By
    prostepmarketing.com
    Online web site design