I am getting a divorce from my husband. Two incomes used to pay the mortgage on our house in Naples, Florida. Now that he has moved out, its just me and my two kids living here in my house in Naples. I’ve fallen behind on my mortgage payment for about 2 months now. The bank has been calling like crazy. I’m so sick of getting the collection calls, I just don’t even want to answer the phone anymore. I keep telling them that we would pay the mortgage if I could, but I barely have enough income left to buy food. I’ve been telling my ex that we need to do a short sale, but he won’t listen to me. I just really don’t know what to do or who to call. But I know at some point, me and the kids will have to move because the bank isn’t going to let us live here forever and we can no longer afford it. If anyone has any suggestions, I would be open to it. I’m really scared. I find it hard to sleep sometimes. I definitely don’t want to come home and find that me and the kids have been evicted, and we have no place to go. That’s the main thing on my mind. Thanks for any suggestions!

Contact a Realtor in your area that has a lot of sucessful short sale experience.

What type of loan do you have? If it is either a Fannie-Mae or Freddie-Mac you might be able to get a reduction in payment. Goggle HARP Mortgage Program.

Can you define the variables and give me an equation to these word problems? You’re not obligated to answer all, but as many as you can! Please?! Much appreciated! Okay, here they are:

1. A bicycle on sale at $12 more than half of the regular price. If the sale price is $75, find the regular price.

2. Find 3 consecutive odd integers such that the sum of the smallest and 7 times the largest is 68.

3. The perimeter of a triangle is 71 cm. The first side is 3cm shorter than the second side, and the third side is twice as long as the first side. Find the length of the longest side.

4. In a week Mike ran 8km farther than Bill, while Pete ran 1 km less that 3 times as far as Bill. If Pete ran 15 km farther than mike, haw many kilometers did Bill run?

5. The larger of the two consecutive integers is 7 greater than twice the smaller. Find the integers.

6. A square and a rectangle have the same perimeter. The length of the rectangle is 4 cm less than twice the side of the square, and the width of the rectangle is 6 cm less than the side of the square. Find the perimeter of each figure.

And did I mention THANKS A MILLION! YOU ROCK!

1. x/2 +12 = 75 where x is the regular price. It reads 1/2 the regular price + 12 = the sale price 75.

2. x + 7(x+4) = 68 since they are consecutive odd number the largest must be the smallest + 4, so this reads the smalles + 7 times the smallest + 4 = 68. Solve for x.

3. This is a little more complicated than the 1st 2 because there are 3 unknowns that have to be expressed in terms of just one of the sides and we really do not know at this point which is the longest.

a, b, c be the 3 sides. a + b+ c = 71
a + 3 = b
c = 2a

substituting for b and c we have a + a + 3 + 2a = 71

solve for a then b then c.

4. m, b, p
p = 3b -1 pete ran 3 times as far as bill – 1 km
m= b + 8 mike ran 8 further than bill
p = m + 15 pete ran 15 further than mike

substitute for p in the 1st equation

m + 15 = 3b – 1

then substitute for m in the above equation

b + 8 + 15 = 3b – 1

solve for b.

5. n, n+1

2n + 7 = n + 1 n+ 1 is 7 more than twice the smaller

solve for n.

6. a length of rectangle, b width of rectangle, c length of square are the sides of the figures.

2c – 4 = a length of rectangle is 4 less than 2x the side of square
c – 6 = b width of rectangle is 6 less than side of square

4c = 2a + 2b the parimeters are equal

solve for c by substitution 4c = 2(2c-4) + 2(c-6)

ps my favorite song is "Don’t Fence Me In"

The settlement date if you repurchased would be the same distance from the buy order as the sell order so 30 days from sale order.

to go broke ?

GREED AND MANIPULATION. The Government should just nationalize all banks. Do away with profit making.

What is a Short Sale in Real Estate?

http://www.reimaverick.com/what-is-a-short-sale-in-real-estate-1/

Many investors and homeowners alike ask themselves, “What is short sale in real estate?” Its not that most folks out there haven’t heard the term, they may just not know exactly what it entails or the pros and cons of performing a short sale. In practically every case however, a short sale is much preferred over a foreclosure any day. Hopefully by the end of this article you will be able to answer the question, “what is a short sale in real estate?”

What is a Short Sale in Real Estate? | Cookie-Cutter Definition

So basically when answering the question, “what is a short sale in real estate?” it can be easily defined in layman’s terms with the definition provided to us by Wikipedia:
A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens’ full amounts, whereby the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt. Any unpaid balance owed to the creditors is known as a deficiency.[1] Short sale agreements do not necessarily release borrowers from their obligations to repay any deficiencies of the loans, unless specifically agreed to between the parties.

A short sale is often used as an alternative to foreclosure because it mitigates additional fees and costs to both the creditor and borrower; however both will often result in a negative credit report against the property owner.

http://en.wikipedia.org/wiki/Short_sale_(real_estate)

Although short sales will sometimes end up affecting your credit negatively, making some payment to your lenders or creditors will substantially lesson the hit that your credit would take if your property was indeed foreclosed upon.

What is a Short Sale in Real Estate? | How to Find Short Sale Listings

Now if you’re a buyer, you should definitely know how to find these pieces of property, because you may find yourself in a house that you never dreamed was in your price range through a short sale.

So, how do we find short sales? You can find short sales listed by banks along with other loan companies. All you need to do is look at your local newspaper as well as contact certain loan companies in your town directly.

What is a Short Sale in Real Estate? | Other Benefits

When you’re answering the question, “what is a short sale in real estate?” we want you to know each and every benefit of choosing this transaction method. Here are some benefits that explain “what is a short sale in real estate?”

Within the situation of short purchase, the loan application will not be declined.

However, with a foreclosure, you will not have the ability to get a mortgage within the next five years.

It’s not necessary to pay tax on whatever money you receive after selling your house through foreclosures or short sales which can really help you get back on your feet financially.

Do you happen to have any more questions about the article, “What is a Short Sale in Real Estate?” if you do, feel free to leave them in the comments.

If you enjoyed reading “What is a Short Sale in Real Estate?” then read more about short sales right here at REIMaverick.

http://www.reimaverick.com/what-is-a-short-sale-in-real-estate-1/

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