What is a Reverse Mortgage Short Sale?

REVERSE MORTGAGE short sale is a little bit different from a traditional short sale. In a reverse mortgage, the homeowner aged 62 or older allows using the equity in their homes to receive cash without having to make any payments. The entire loan balance becomes due and payable when the homeowner dies, moves away permanently, […]

The DEED vs. The NOTE in a short sale

The DEED vs The NOTE Notes and deeds are both legal documents, but that’s the only thing they have in common. The DEED The Deed are legal documents that transfer property rights such as ownership. That party signs the deed and gives it to the recipient. Once the recipient has the deed, they have ownership […]

Most common short sales in Massachusetts

Most common short sales in Massachusetts The four most popular types of programs that you may run into when negotiating a short sale are Freddie Mac/ Fannie Mae, HUD/FHA Pre-foreclosure sales, and of course your Non-GSE loan.  I’m not going to spend a lot of time on Non-Government Sponsored Enterprise loans. Realistically you have to […]