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13 Νοε 2021 · A short sale is a home sale in which the owner owes more than what the home is worth. A seller usually must meet several other requirements to qualify for a short sale besides being underwater on their loan. Short sales can have unexpected tax implications and an impact on a seller's credit report.
18 Οκτ 2012 · Even if the lender does agree to consider a short sale, most banks will require significant documentation from you before they will agree to the short sale, such as tax returns, pay stubs and a hardship letter.
A short sale requires your Lenders approval. Always ask for a waiver of deficiency from the Lender. Avoid Rescue Scams: Don’t give someone money who says they can prevent a foreclosure or help you get a loan modification.
6 Ιαν 2022 · The homeowner must generally be able to demonstrate financial hardship to the lender and an inability to make payments on the mortgage. Some examples of accepted hardships include unemployment, death of spouse, or inability to work due to illness or other medical conditions.
Michigan law allows low-income senior citizens to terminate rental agreements if they qualify and are offered the opportunity for subsidized senior housing. Tenants who qualify must have occupied their rental unit for more than 13 months, and provide a 60-day written notice.
24 Οκτ 2024 · In a short sale, the lender agrees to let the homeowner sell their home for less than is owed on their loan. It’s a voluntary process, but a lender will generally only allow it if the owner can ...
9 Νοε 2019 · Since driving a vehicle is a necessitiy for many people, the law allows someone to apply for a hardship license which provides an individual with limited/restricted driving privleges. Continue reading to learn more about this type of license, and the application process in the State of Michigan.
