Category Archives: Short Sale
Insiders Guide to Success with Short Sales
Many real estate agents steer their clients away from a short sale because they think they take too long, that their commissions will be lowered, or simply because they don’t know a lot about the process and what it takes to get a short sale completed successfully.
There are multiple steps involved in a short sale. If [...]
Mortgage meltdown trend: The wealthy are walking away from their homes too
There’s an old saying: The rich are different. But lately, that difference is shrinking, as some affluent homeowners face foreclosure and struggle with mortgage payments just like everyone else.
Folks who bought at the top of the market with 10 percent down are faced with life changes (job transfer, divorce, new kids) that require them to [...]
How does foreclosure work
Around the country, home values have dropped dramatically in the past few years. Some people who bought with ‘zero down’ or even 10 percent down when lending was easy, find themselves with homes ‘underwater.’ When the property is worth less than the total mortgage amount, they’ve often had to sell in a short sale.
In the worst-case [...]
