Short Sale 101
Apr 01, 2013What is a Short Sale? A short sale is a term used to describe a transaction in Real Estate when a lender or lenders accept a lower payoff amount than what is owed on a property, in order to avoid a c...
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James Edward Schroeder III's Legal Guides (39)
Sardina, OH
Real estate Lawyer at Sardina, OH
Practice Areas: Real Estate, Government ... +3 more
How Long Do I have to wait to Buy after a Short Sale or Deed in Lieu of Foreclosure
Apr 01, 2013One of the most important questions I get from prospective short sellers is, How long until we can purchase a house again? As lawyers are prone to answer questions, It depends. Below is a rough outlin...
See Full GuideShort Sale: How Long from Lender Approval do I have to Close?
Oct 05, 2011There are many potential choke points in the short sale pipeline but the most frustrating of all is near the end. Once the lenders sign off on a deal to sell the house the buyer will typically have 30 ...
See Full GuideManaging Short Sale Expectations
Aug 14, 2011Kevin Post, Business Editor for my local paper, the Atlantic City Press, wrote an article for today's Sunday edition you can find it here. The article reported that people are LESS satisfied with the p...
See Full GuideWhy do a short sale instead of waiting for the foreclosure grim reaper?
Aug 09, 2011We are learning that some of the largest lenders are taking more of a shine to short sales as an alternative to proceeding with foreclosure. That is good news for distressed homeowners who have a lot ...
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Aug 04, 2011Two frequent questions about short sales are: Why does it take so long? What are you doing while I am waiting on pin and needles to see whether this is going to go through? The answer is about 25-50 ...
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Aug 04, 2011Walt Kelley wrote a comic strip about a character named Pogo. In the most famous strip Pogo says, We have met the enemy and he is us!. Pogo was talking about environmental issues but he certainly co...
See Full GuideWhat is a Lender Looking for to Do a Short Sale?
Aug 04, 2011What does the lender look for when they are considering whether to agree to do a short sale for a borrower. There are three main criteria: Insolvency: If the borrower is sitting on a pile of money th...
See Full GuideLegislation in the Pipeline to Assist Distressed Homeowners
Aug 04, 2011Tom Petty said it best when he sang the waiting is the hardest part. People are fired up ready to sell, ready to buy, ready to cash commission checks Then the big wait, the big wait with very little ...
See Full GuideHome Loan Modification and Companies Offering this Service: Buyer Beware
Jul 22, 2011Yesterday was a hard day for me, I have to admit. I get frustrated watching people get ripped off. I had two people call the office, both behind on their mortgage and facing foreclosure. Both had fo...
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