Tag-Archive for » shortsale «
06
Apr 2011
Apr 2011
Many homeowners today are finding themselves in a position where the value of their home has dropped to the point that it is now worth less than what they owe on the balance of the loan. For most homeowners who are upside down and want to get out from under their mortgage payments there are [...]
01
Feb 2011
Feb 2011
Most home owners know that a short sale is far better for your credit rating than simply walking away and letting the lender foreclose on a home. Some people mistakenly think a short sale will be the end their credit, but that is not the case, one of the main advantages of a short sale [...]
07
Dec 2010
Dec 2010
A short sale happens when a lender is shorted on a mortgage, this means that the lending bank accepts a sales price that is less than the total loan amount that is due. The reason most lenders will comply with a short sale is to avoid the time, trouble and costs of a foreclosure. In [...]
07
Dec 2010
Dec 2010
Many homeowners are surprised when they find out they can still owe money to the bank after a real estate short sale if the agreed upon price was payment of the loan in full. The homeowners may still owe the difference between the mortgage balance and the discounted short sale amount as the result of [...]
07
Dec 2010
Dec 2010
Short sales have become a fact of real estate life in those parts of the country where home values have dropped substantially. A short sale can be good for sellers facing foreclosure as well as for buyers looking for a good deal on their next home. However, completing a short sale can be complicated and [...]
07
Dec 2010
Dec 2010
Everyone knows the real estate marketplace in the United States is in a difficult period following the bursting of the bubble in home mortgage prices last year. Now more Americans than ever before are facing the threat of foreclosure and many are looking for viable ways to avoid it. One option that is attracting a [...]
07
Dec 2010
Dec 2010
It’s a fact that real estate mortgage lenders lose a lot of money when they get a house back in a foreclosure. That’s the main reason so many lenders today prefer to accept a short sale instead of getting a house back in foreclosure. The problems for lenders in the current real estate market can [...]
07
Dec 2010
Dec 2010
For the many homeowners in the United States who owe more than their property is worth today, short sales are an increasingly common reality. Most short sales occur when the current value of a home are not enough to cover the sellers’ mortgage obligations including closing costs, property taxes, and any real estate commissions. Some [...]
26
Jun 2010
Jun 2010
HOPE!
wikipedia defines hope as:
“A belief in a positive outcome related to events and circumstances in one’s life. Hope is a feeling that something desired may happen, when the outlook may or may not warrant it.”
When I traded stocks I was taught that four letter words hurt you as a trader more than they helped you. The main bad words were FEAR and HOPE.
FEAR kept you from fully maximizing on your trades and HOPE kept you in them long enough to pay the hefty price.
Now as a Real Estate Broker I meet people who are in [ ... ]
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