HomeLight

OCTOBER 30, 2020

Even some homeowners of higher dollar homes have wound up in foreclosure: “I had one foreclosure where the house was worth over half a million, and it went into foreclosure over a loan of $10,000. If your sale proceeds won’t cut it, the next question is whether you could bring money to the table to cover those costs.

Short sale 105

Short sale Banks Equity Mortgages 105

HomeLight

JULY 25, 2022

Here are a few of the details: Length of time: You must have used the home you are selling as your principal residence for at least two of the five years prior to the date of sale. It also does not have to be the two years immediately preceding the sale. of the loan amount. Seller concessions (2%-6%).

Closing costs 88

Closing costs Equity Short sale Agents 88

HomeLight

JULY 25, 2022

Like any investment, you don’t get profit if you hold it a short time.”. Here are some of the common concerns you may face: Cost of mortgage interest: At the beginning of your loan, a bigger percentage of your mortgage payment goes toward interest. of the loan amount. Seller concessions (2%-6%).

Closing costs 85

Closing costs Equity Short sale Sales 85