New regulations are going to allow sellers of Short Sales purchase new homes after their short sale is complete! One of the conditions of this new change is that the seller has not missed a mortgage payment.  This is incredible new information that has just hit the market.

Did you know that if you short sale your home and it is your primary residence that the IRS will forgive you for the difference in debt that the bank is taking responsibility for!  Some conditions apply and we would be happy to offer a complimentary no obligation meeting to anyone who has more questions regarding this topic.

The Obama administration is requiring lenders to quicken response times to buyers and sellers with regards to accepting offers made on Short Sale homes, the new regulations are slated to kick-in this coming January.  Hopefully this will help everyone out that is trying to short sale.

You can short sale your property if you can show true financial hardship or distress!  The banks main concern when granting a short sale is that the seller actually does have some type of financial burden or other type of personal hardship which is going to make it harder to make the mortgage payments on the loan.  The amount you owe on the home is not as relevant (i.e. you bought a home for $500,000.00 and now it is only worth $300,000.00), the bank will be concerned that the offer received on the home is at fair, current market value and that the seller does have real distress of some type.

For a free, no obligation consultation on the short sale process, please leave a message at (888) 627-4399 x0, or go to http://www.shortsaleeastbay.com/ and fill out the request form.