Foreclosed properties often represent a great way to get a fantastic deal on a house. However, these properties often become less attractive when you scrutinize them closely. The damage sustained by these homes is apparent when you see the holes in the ...
[Read More] The press in general shows that the housing market is in the tank. “… no one is buying, prices are diving, foreclosures are high, …” It really amazes me at how much fear the press spreads to the general public. Maybe is their ...
[Read More] It is pretty amazing how many open houses are still held these days despite the overwhelming data indicating how ineffective they are. Just examine the statistics from the N ational A ssociation of R ealtors (NAR). The NAR publishes yearly statistics to ...
[Read More] I hear from a lot of people (even professionals) that negotiating a short sale with your lender would prevent a negative entry in your credit report. Is it true? The short answer is No. So, where are these rumors coming from ? In my opinion, they stem ...
[Read More] The overwhelming number of homeowners experiencing difficulty in making mortgage payments has caught the financial industry unprepared. Initially, lenders were unwilling to restructure loans with homeowners. But as the number of foreclosure climbed, lenders ...
[Read More] From a homeowner viewpoint, a short sale is a transaction in which the lender is willing to accept a payoff of less than the balance due on the mortgage loan and consequently avoiding the lender foreclose on the property. The lender is basically allowing ...
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