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Monthly gross income requirement: Previously, the loan servicer for the bank to be able to verify the borrower's income (let's pretend they were looking with this for reasons other than why to deny the file). Also, another financial requirement was that your mortgage payment had for you to become greater than 31% of one's monthly income or had been rejected from HAFA. The actual guidelines remove this wonderfully. However, the banks still see your income, know your payment and cost nothing to reject your file. But if you are denied a HAFA short sale, you will feel better knowing you had a chance, even though your payment was 23.9% of your monthly income.
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When signing an Exclusive, ask the broker just how long Real Estate Brokerage services before they co-broke your chance with other individuals. You want the listing co-broked As. Some companies will try always keep the listing in-house while possible to be able to increase the chances of selling the property in-house, thus earning this commission.
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