8:30 AM to 4:30 PM

Monday to Friday

240 First Avenue West

Kalispell, MT 59901

(406) 890-2117

admin@daveheine.com

Compare Listings

Short Sale Myth #5…..

Short Sale Myth #5…..

You cannot do a short sale with 2 mortgages

 When the short sale process started many people could not short sale because they had a second mortgage. After the first wave of foreclosures lien holders in second position realized that if they did not participate in the short sale they would receive $0! Now instead of foreclosing on a property, they have started to accept pennies on the dollar which is better than getting nothing. One mistake seen in the short sale process is not initiating the short sale for both loans. Some agents wait on the first to get approved before starting the second. This just causes additional time and delays. It is much smarter to work them both and work them backwards: if you know up-front what the second will take it makes it easier to negotiate the first.

img

Auxi.team

Related posts

Solar Farms?

Many folks are often looking for unique ways to make a profit off their land. Well, here is a...

Continue reading
by Raegan Rascoe

Today’s Prevalent Rates

30YR FIXED - 4.75% FHA/VA - 4.25% 15 YEAR FIXED - 4.25% 5 YEAR ARMS -  4.375%-4.875%...

Continue reading
by Raegan Rascoe

Seller “turn-off’s” regarding Buyers

In today’s market, BUYERS need to be aware of seller turn-offs that may keep them from getting...

Continue reading
by Auxi.team

Join The Discussion