A short sale can be the best option for the homeowner facing foreclosure , in today’s market homeowners need to be proactive instead of reactive. Orlando, FL July 22, 2009 – Short Sale vs. Foreclosure: A short sale is a better option than: Deed in lieu of Foreclosure, Bankruptcy, or Foreclosure, There are many, many reasons [Continue]
PHOENIX — Each time Lance and Kelli Thorson thought they had found their first home, someone would outbid them. It’s already happened at least 15 times. This wasn’t how it was supposed to be in a depressed housing market like Phoenix. Buyers are supposed to be able to walk in, and get pretty much whatever they [Continue]
Bidding wars are returning to South Florida’s housing market, as investors and first-time buyers compete for homes and condominiums listed at $200,000 or less. The race for properties is reminiscent of the boom years from 2000 to 2005, when multiple offers on all types of dwellings helped push prices to record highs. Back then, a dearth [Continue]
We are facing an unprecedented rise in foreclosures in the United States that threatens our financial security and the stability of our communities. Today, every homeowner is acutely aware of the rapid decline in property values. The real estate euphoria that took place during the “boom” years at the beginning of this decade has vanished. [Continue]
NEW YORK – Sept. 22, 2008 – Increasingly, sellers seeking short sales are encountering a new twist. Lenders are agreeing to let some short sales go through, but they want the home owners to sign a note promising to pay some or all of the balance due – debts that could burden borrowers for the rest [Continue]
from Florida Realtor Magazine, January 2009 | page 11The increase in the number of short sales throughout the state prompted two legal questions. FAR’s General Counsel Randy Schwartz responds: If a real estate licensee lists a property at a below-market-price that he knows the seller probably won’t accept, is the licensee in violation of [Continue]
WASHINGTON – May 20, 2009 – Help is on the way for many homeowners facing foreclosure, thanks to new details under the Making Home Affordable Program announced by the U.S. Treasury and the U.S. Department of Housing and Urban Development (HUD). The Making Home Affordable Program is designed to help homeowners modify their loan so they [Continue]
Are you looking to buy a new home? Are you thinking that now’s a great time to find bargains? Before you make an offer, it pays to know a little about the seller’s situation. If a home is being sold for below what the current seller owes on the property—and the seller does not have other [Continue]
From pushy lenders to aggressive investors, there are many challenges that real estate practitioners must overcome in the new world of distressed sales. The hard sell by lenders is just one of the many challenges sales associates face when working with distressed sales. Other challenges: aggressive investors who try to make money through a [Continue]
As the eye of the storm approaches a lot of people think that we’ve seen the worst of the housing crisis. Green signs of a recovery are false hope of an immediate turn around in the housing market. For the past few months there has been a semi-moratorium on foreclosures. Most institutions with delinquent mortgages [Continue]
