Bank of America Short Sales Bank of America was the first to introduce a new automated system called Equator that it is currently using to process all of it’s short sales of conventional loans (that is all of it’s non-FHA and VA loans) as well as former Countrywide loans which it acquired when it purchased the company. Equator […]
A growing shortage of lots for new homes will push up home prices in many U.S. markets. That’s the word from the National Association of Home Builders (NAHB), which says the availability of new-home lots is at a historic low. In the NAHB survey for May, 64% of home builders reported the supply of new-home […]
First impressions matter. When it comes to real estate listings, one of the primary elements for most buyers is a home’s description. But not all listing descriptions are created equal. When it comes to writing an effective listing description, the picture you’re painting with certain words can be worth thousands of dollars. So don’t hold back and if […]
We have been getting tons of emails and calls from local homeowners who need to sell their home but are finding out that they owe more than their home is currently worth and want to know what their options are. For owners who can’t afford to wait for the market to turn around, or those […]
Airbnb, which matches travelers with property owners who have a couch, a room, or an entire property to rent, has become powerful force in the real estate market. The company began in 2008 as an online platform matching budget travelers with people looking to make money from renting unused space in their homes. Today […]
Sheriff sales are the end result of defaults on mortgages or a failure by the homeowner to pay taxes or condo association dues on their property. The process itself, however, can be a mystery to those who have had no experience with it however, it can offer the opportunity to acquire real estate at below […]
The Short North neighborhood in Columbus, OH is a well-known, popular neighborhood centered on the main strip of High Street immediately north of downtown and extending just south of the Ohio State University campus area. It is a highly walkable community filled with restaurants, pubs, shops, art galleries, coffee houses and nightlife. History The name “Short North” traces its roots […]
The Federal Housing Administration (FHA) is allowing borrowers who went through a bankruptcy, foreclosure, deed-in-lieu, or short sale to re-enter the market and purchase a home using an FHA insured mortgage in as little as 12 months, according to a mortgage letter released Friday 8/23/13. Currently borrowers who experienced a foreclosure, deed-in-lieu, or short sale must […]
What if the lender wants way too much money for your Short Sale? You owe more on the mortgage than your home is worth and you will get from the sale, so it is a Short Sale. You submit the short sale offer to your lender and the lender says they will not approve the […]
Across the country home values have fallen 33% since their peak in 2006. In light of such it’s no surprise that many Americans today have a short sale in their credit histories. With many wanting to become homeowners again, a question we commonly receive is when can I buy a house after a short sale? First and […]
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