We know that the possibility of short selling your home can be a hard decision to make. That's why we created the Short or Stay Calculator to help you crunch the numbers.

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25
Oct

Will time run out on short sale tax breaks?

A law relieving some homeowners of having to pay taxes on forgiven debt sunsets at the end of December 2012. How does that affect short sales? Adapted from The Orange County Register By Marilyn Kalfus Homeowners down on their luck and considering a short sale may now have to face...
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27
Sep

FHFA Announces New Short Sale Guidance

On August 21, 2012, the Federal Housing Finance Agency (FHFA, the conservator of Fannie Mae and Freddie Mac), announced that Fannie Mae and Freddie Mac would be issuing new guidelines to enhance and streamline the short sale process. In general, lenders who service mortgages owned and/or insured by Fannie and...
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20
Aug

Many Homeowners Ask the Question: Foreclosure or Short Sale?

Today, many homeowners are faced with a difficult question – Is foreclosure an option or would it be better if I tried to do a short sale? The answer is not simple and will vary from homeowner to homeowner. Our advice is to always seek legal and or financial advice...
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24
May

What’s Happening in the Short Sale Market – May 2012

Submitted by: David Winter One of the most asked questions by sellers investigating their alternatives to foreclosure is “Are creditors approving short sales? I have heard they are impossible to accomplish.” Although a short sale may be more difficult than a traditional real estate transaction to bring to a successful conclusion,...
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3
May

What Our Clients Are Saying

Enough of facts and figures. It seemed the appropriate time to let you know what Long Realty clients are saying about us in relation to short sales. “Our decision to short sale was very stressful…. We researched, weighed our options and had to find a Realtor that could handle out...
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