Philadelphia, Bucks and Montgomery Counties Real Estate. Tips for home buyers, home sellers by Gita Bantwal,Realtor at Re/Max Centre Realtors.: April 2009

Home Owners thinking of a Short sale in Bucks Montgomery Counties should read this post.

There may be many reasons that you may feel you have to sell your home even though you may lose money.  There are programs by Fannie Mae, HUD etc  that might help you.

You should get legal advice , try to get a loan modification and call housing Counselors and see how they can help. This post is not to be considered as legal advice. An attorney can help you and guide you.

I hope this post will make it easy to be organized when you talk to HUD counselors.

Go to www.hud.gov for information .

After considering your options if you decide you have to sell your home here are some things that you might need :

Statements from bank for checking and savings accounts of all borrowers (3 months)

2 years W 2's for all borrowers

Tax return for last two years.

IRS form 4506

Paycheck stubs for all borrowers

A recent credit report

If you are self emplyed , provide P and L statement

If you have been laid off from work, copy of termination letter.

If you have any unexpected hardship that caused problems you should write a letter explaining it and show proof eg medical bills, etc

Prepare a monthly budget and statement showing all your recurring debts, expenses like utilities, insurance, groceries

If you would like a free market analysis of your home call Gita Bantwal at ReMax Centre Realtors 2153438200x124

Be careful before you sign anything that a stranger asks you to sign.There are many scams out there and there are people trying to take unfair advantage of others.

 

When you read about events please check the year for the event as some people find information a year later and think it is for that year. . The posts remain online even after the event.

Gita Bantwal is a Realtor with RE/MAX Centre Realtors in Bucks County, a Northern suburb of Philadelphia. You can view 1000s of listings on her web site www.GitaBantwal.com

 

She can be reached at 215-343-8200x124 or direct 215-275-8491 or via email gita01@aol.com

If you would like a FREE MARKET EVALUATION OF YOUR HOME IN PHILADELPHIA, BUCKS or MONTGOMERY COUNTY call me at 2152758491

 Gita specializes in Active adult communities and is a Seniors Real Estate Specialist. She holds the ABR designation (Accredited Buyers Representative) and specializes in selling to first time buyers as well as move up buyers.Gita also hold the CRS designation , Certified Residential Specialist and the CDPE designation as well. Information about real estate market is deemed to be correct but is subject to errors and omissions and should be verified independently.. Opinion expressed by me or others  in my post and comments is not to be construed to be  legal advice.I am licensed in Pa. Check real estate laws in your state as they may be different than in Pa.

IF YOU WOULD LIKE TO SUBSCRIBE TO MY BLOG         CLICK HERE   OR EMAIL ME AT Gita01@aol.com

 

Comment balloon 5 commentsGita Bantwal • April 29 2009 11:48AM
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