Short Sale Myths A short sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs….
Category Archives: Short Sales
FREE FORECLOSURE PREVENTION WORKSHOP!!!
DO YOU KNOW ANYONE WHO: • Is facing foreclosure? • Is behind on their mortgage? • Has to sell their home but can’t? • Has lost their job? • Is feeling overwhelmed by all of the above? Join us to get the FACTS, the TRUTHS and the INSIGHT you need to protect yourself. WHEN: Tuesday,…
Short Sales vs Foreclosures – The Real Deal
I thought this was a great article on describing the benefits of not going into a foreclosure. read more… Editor’s Note: Short sales and preforeclosures are two home types that constitute a growing subset of bargain homes that also includes properties referred to as “distressed” and “auction” homes. With many Americans facing the very real…
1 Out of Every 6 Homeowners Owe More Than Their Home is Worth
Tips for First Time Home Buyers Buying a home can be a long, complicated and frightening process, and it is important to be prepared. Knowledge is power when it comes to negotiating the difficult world of home prices, interest rates and mortgage loans. For a first time home buyer, there are many factors to consider…
Foreclosures HALT Economic Recovery!!!
More than two years year after the housing market tanked and the foreclosure rate began rising, the ongoing wave of distressed home sales is weighing on house prices and crimping a long-awaited economic recover On Wednesday, President Obama signed off on the government’s latest response to the crisis, a whittled-down bill aimed at helping millions…
How to Sell Your House if You Owe Too Much
If you recently purchased property in Westchester County, NY ( Dobbs Ferry, Ardsley, New Rochelle, Portchester, etc.) between 2005 and early 2008, then you probably now owe more than your home is worth. Unfortunately, this is true whether you have successfully made every single mortgage payment on the first of the month or not. It…
You Owe More than Your Home is Worth. Now What?
Deciding to sell your distressed property in order to avoid foreclosure is an important choice, and one that can only be arrived at by you and your family. However, enlisting the services of a qualified realtor can ensure you have the right advocate to help guide you through the process. I’m a realtor in Westchester…
Considering a Short Sale Might be the Best Move You Could Make
Have you considered a short sale yet? For those distressed homeowners no longer able to handle the monthly payments needed to keep their mortgage current, it’s important to know that foreclosure isn’t the only option. Though loan modifications are a popular option for dealing with a distressed property, a short sale is often the best…
Why A Short Sale?
With distressed properties, distressed homeowners, and foreclosures threatening families who owe more than their home is worth everywhere across the country from Yonkers to Yerington, there has never been a greater need for quality information. What options available to families facing foreclosure? Is losing your house an eventuality, or can the proper Realtor help navigate…
Facing the Threat of Foreclosure
There are more foreclosures happening today than ever before. Millions of homes across the country lay in various stages of threat. This is as true in Westchester County, NY (Mount Vernone, New Rochelle, Ossining, Peekskill, etc.) as it is in any other part of the country. That being said, if more homeowners were able to…
Where to Get Foreclosure Help
With all the dubious assistance programs and out-right scams preying on home owners facing foreclosure, it can be difficult to find legitimate help. Here’s a list of programs that are either operated by the U.S. government or have its seal of approval: * To find a counselor, contact the U.S. Department of Housing and Urban…
Short Sale Opportunity Awaits You
Investors looking to acquire houses through short sales just might be in for some good news. One of the largest holders of second liens in the U.S., the Bank of America, says it’s relaxing its policy on payoffs connected with short sales. That’s important because large banks have been major impediments standing in the way…
The State of the Economy|Dont panic
The current state of the economy is probably the worse economic slowdown that most of us have experienced. It’s scary. It seems like there is no end to the bad news and the value of assets (stocks and real estate) will never stop falling. Most investment advisors we speak with continue to believe that the…