Call or Text Me for Expert Real Estate Advice!
Fountain Hills Homes
For those looking to purchase a Fountain home that may have had a financial hardship in the past, an opportunity to purchase a home may be right at your fingertips. Seasoning requirements/waiting period for qualifying for a loan are as stated below: Short Sale: FHA- 3 years VA- 2 years- 4 years depending on loan amounts Conventional – 4 years, 2 years with documented extenuating circumstances […]
When the economy was in better shape before the downturn “forgiven debt” on home mortgages could be taxable income. So for example if you did a short sale on your Fountain Hills home or received a loan modification for less than what you owed on your loan, the remaining difference would be taxed as income. Let’s say your Fountain Hills home sold or the loan […]
The short sale process is not easy to understand even after all these years. As a seller you’re probably confused on exactly how it works. First, you need to find out if as a Fountain Hills home seller you can qualify to sell your home short? If you are struggling with making your mortgage payments, the first order of business should be to consult with […]
Fountain Hills home buyers think they can get a real deal by purchasing a short sale. Well maybe you can but is it worth all the hassle? Know what is involved before you jump into the fire. First, hire an experienced short sale agent who knows the ins and outs of short sales. A buyer’s agent will do some research on the home and find out information about the […]
A Fountain Hills foreclosure is a traumatic experience, however, it isn’t the end of the world, and you can buy another home. Here are some recent guidelines to buying a Fountain Hills home after foreclosure, short sale or bankruptcy. Conventional Chapter 7 Bankruptcy- 4 years from discharge date Chapter 13 Bankruptcy- 2 years from discharge date Foreclosure- 5 years from completion date (Mortgage included in […]
