House OKs 'short sales' bill

Story date: 2007-10-12 10:43:00
Added on: 2007-10-13 01:00:22

Lansing State Journal - Other popular mortgage rates also were down. - Associated Press What is a short sale? A short sale happens when a house is ... add up to $35,000, the bank will have to approve a sale that will net it less than it is owed on the mortgage. Under current rules ...


Read more...

Related Stories:

• Don't rush a short sale - Detroit News

  Q . We have had our house for sale for three years. We have a first and second mortgage on the property,...
  2008-07-20 10:02:00

• Who pays taxes on a short sale? (San Jose Mercury News)

  Q: We owe $516,000 on our house; the current market value is $490,000. There is a purchaser interested in buying the property...
  2008-08-15 10:01:07

• Facing Foreclosure? 'Short Sale' Could Help

  ABC News - As the national mortgage crisis threatens millions of Americans, more people than ever are choosing to short sale their...
  2008-02-08 05:32:00

• A way out with the short sale; More local homeowners who face foreclosure are turning to a rare option to avoid that ... (The Bulletin)

  The short sale.In real estate, it‘s the sale of a home or property for less than the amount owed the lender. The...
  2008-05-18 04:13:14

• Ask the Biz Brain - Newark Star-Ledger

  How does a short sale affect one's credit? We are planning to sell our home, but it looks as if our sale...
  2008-07-24 09:36:00

• Short sale of home hurts credit scores (Los Angeles Times)

  Dear Liz: I sold my house for less than what I owed on the mortgage, not realizing that this short sale would...
  2008-08-03 12:20:12

• U.S. homeowners face payments even if they sell (International Herald Tribune)

  A sale for less than the value of the mortgage on a home is known as a "short sale," because the transaction...
  2008-09-19 09:12:34

• Short Sales (BellaOnline)

  I thought it would be a good time to touch on the topic of real estate short sales in the real estate...
  2008-08-15 06:57:56