George Saab's Discussions

If you are having extreme difficulty in paying your monthly mortgage amortization, consider turning to short sale to avoid foreclosure. Short sale records appear on credit records, but borrowers who turn to short salescan make another home loan when things get better at least one year after the sale. Foreclosure almost always removes a consumer's chance of taking another home loan in the future.A short sale is a real estate transaction in which sale proceeds fall short of the real estate loan balance. In a short sale, the lender or mortgage bank agrees to reduce the loan balance because it recognizes the financial difficulties of the borrower, the adverse effects of general economic conditions and the high number of foreclosure properties in the real estate market

If you are having extreme difficulty in paying your monthly mortgage amortization, consider turning to short sale to avoid foreclosure. Short sale records appear on credit records, but borrowers who turn to short sales can make another home loan when things get better at least one year after the sale. Foreclosure almost always removes a consumer's chance of taking another home loan in the future.A short sale is a real estate transaction in which sale proceeds fall short of the real estate loan balance. In a short sale, the lender or mortgage bank agrees to reduce the loan balance because it recognizes the financial difficulties of the borrower, the adverse effects of general economic conditions and the high number of foreclosure properties in the real estate market

Tax Credit Provides Outstanding Opportunity for Home BuyersA tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence. Video Interview: Tax Economist Answers Questions About the Home Buyer Credit Rob Dietz, Ph.D., director of tax issues for the National Association of Home Builders, discusses the $8,000 first-time home buyer tax credit in this videotaped interview.For more information check out www.federalhousingtaxcredit.com