Many of us in real estate joke that the phrase “Short Sale” is an oxymoron because short sales are anything but short. Of course, that’s not what a short sale is.
A short sale is when the mortgage holder agrees to take less than is owed on the mortgage to satisfy the loan. In otherwords, if ... Views: 1539
We’ve all heard it before: The purchase of a home is often the single biggest purchase anyone will make in their lives. As with all purchases, there is an expectation on the buyer’s part that the home they’re buying will fulfill a want or need and a hope that ‘things will go smoothly’ and ... Views: 1502
When buying a home you have the opportunity to have a Realtor work with you in your search and help you every step of the way, and almost always at no additional cost to you. Why then do some people not take advantage of this option? I think it goes to a basic misunderstanding of the process, ... Views: 1939
Over the last week, I have received a number of real estate emails asking this question. And the answer is why short sales continue to be a less tapped part of the real estate market.
The short sale process requires cooperation from the seller, the seller’s lender or lenders as there is often ... Views: 1838