Short Sales / Foreclosures – How Long Can You Stay in Your Home After the Bank Files a Foreclosure Notice

If you’re having trouble making your mortgage payments and have already missed a couple of payments (or if you’re contemplating a strategic default), you may be wondering how long you’ll be able to stay in your home before the bank can repossess it. Before we dive into this topic I want to make it clear that FORECLOSURE […]

Short Sales

  With many Americans still facing the very real threat of foreclosure, many are looking for ways to avoid it. One option, and a topic that has garnered a lot of industry interest, is a real estate short sale. Short Sales have become an increasingly popular, and common foreclosure avoidance tactic for homeowners but what are […]

Short Sales and Bank Owned Properties – How to Avoid the Most Common Complaints

  Roughly forty percent of the homes offered for sale in today’s market are short sales and foreclosures!  Distressed properties are well known for their value, but they also have a reputation for transactional snafus, last-minute surprises and long, drawn-out escrows are just a few of the issues buyers are likely to face. While many inexperienced agents advise avoiding […]

Feds get behind short sales

Making Home Affordable Plan Expanded – Adminstration Pushes Short SalesThe Obama administration is encouraging troubled borrowers who don’t qualify for loan modifications or can’t keep up payments on a modified loan to pursue a short sale  in order to avoid foreclosure. While the main thrust of the administration’s Making Home Affordableinitiative remains loan modifications and […]