Pocono Jack
"Pretty As a Picture". This Beautiful Contemporary Home has so much to offer. With Spacious sun filled rooms & breathtaking views of the mountains. A Large Yard that is maintained nicely, screened porch and garage, all of this awaits a very special buyer. Priced To Sell in today's market.
Jack Gomez has detailed property information for 1610 Ridgeview Dr, Lake Ariel, PA 18436 and more Lake Ariel Real Estate listings
We received multiple offers for our short sale listing. Should we send all the offers to our bank to decide which one to accept?
In a short sale, the bank is not the owner and therefore does not have the right to decide which offer to accept. An Agreement of Sale is a contract between the seller and the buyer, not between the bank and the buyer. The seller decides which offer to accept. Once that offer is accepted, the seller and buyer are committed to each other per the terms of the Agreement...
Yeah, I could sell it. Call me now !!!
Large 2 story home with fully enclosed patio area with small pond. Home has 3 bedrooms, two baths. Basement has many possibilities.
Jack Gomez has detailed property information for 2212 Boulevard Ave, Scranton, PA 18509 and more Scranton Real Estate listings
What is a short sale?
A short sale is a transaction in which the owner sells a property for an amount that is less than what is owed on the mortgage loan and other liens. The lender may choose to either forgive the remaining debt or release the mortgage while still pursuing the owner for the balance of the loan. In most cases, a seller cannot receive proceeds from a short sale transaction. A short sale can occur with residential and commercial properties.
Example
Joe and Sally purchased their...What are the alternatives to a short sale?
A short sale may have legal, credit, and/or tax consequences. There are several alternatives to
a short sale. These other options include:
1. Make payments to reinstate the loan and keep the property.
2. Sell the property and bring cash to close escrow.
3. Attempt a workout with the lender.
4. Assumption of the mortgage by a buyer.
5. Rent the property and move to a more affordable residence.
6. Offer the bank a deed in lieu of foreclosure.
7....I’m behind on my mortgage. Should I move out or stay in the house?
In most cases, it is wiser for a homeowner to stay in their house. Many people who are behind on their mortgage payments have an unfounded fear that they will come home one night to find their belongings removed and their door padlocked.
Banks prefer to have someone, particularly the homeowner, stay in the house. Mortgage lenders do not like vacant houses, as they lose value due to break-ins, ice damage in the winter, or lack o...
