Trade up and PAY LESS???

October 23, 2011 scroll to read ...
I did not know this about FHA Mortgages - but it does make a lot of sense.    I have a client who is trying to short sell his home AND continue to pay his mortgage.   He is still to be approved for the short sale, but it sounds very encouraging. ...

I did not know this about FHA Mortgages - but it does make a lot of sense.    I have a client who is trying to short sell his home AND continue to pay his mortgage.   He is still to be approved for the short sale, but it sounds very encouraging.  If he is able to short sell his home and still continue the payments, he may even be able to go purchase another home for his ever increasing size family? 

Via Scott Saradin CT & NY Home loans Jumbo,conforming, Investor/refi loans (HamiltonLadd Home Loans, Ridgefield 914-462-2196):
That's right, its the American Dream, take 2.  Short sale that home while making all payments on time! Yes, lenders are doing it.  Walk right in to a new property with a lower price and a lower rate.  Yes We Can.....get a new FHA mortgage and thanks to our great government the tax liability on the sale is waived courtesy of the Mortgage Forgiveness Debt Relief Act of 2007.  Assuming decent credit with no late payments and documented income a new mortgage is very possible.  Don't let a good short-seller go rent somewhere when they just might be able to buy again in the best of times when prices AND rates are low.

I would be thrilled if you would click the +1 button   at the top of the page if you liked this article!

Please note:

        Feel free to call Dagny Eason to discuss this at (203) 762-1700!    

 

                           Dagny Eason | Broker
               Direct Line  203-762-1700 | Email | Website

  • Free MLS Search! Register for a Free Listingbook account and search the MLS like an agent. 
  • I am hiring agents. We offer great splits, outstanding support, marketing resources, and banana bread. 

I am always mobile, but right now I am near Wilton, CT 06897

 

"He who knows he has enough is rich."


 

 

Dagny Eason's Wilton Area Real Estate Blog
Dagny's Real Estate Rant - Rave - Blog

Dagny Eason's Real Estate Blog FeedsVisit Dagny's Facebook Fan Page - Become a Fan!Follow Dagny on Twitter!View Dagny Eason's Profile on Linkedin

- browse all towns or neighborhoods -