The economic downturn has caused many homeowners to become “upside down” on their mortgages (owing more than the home is worth). When forced with decisions to sell on a short sale, apply for loan modifications, or leave the home to foreclosure, some people think just walking away is the quickest and simplest solution. However, that [...]
For the past two days I have attended a seminar on how to become a Certified Distressed Property Expert (CDPE). In short, this class and designation was designed to allow me to better assist my clients with selling their homes when they are looking at selling as a short-sale (when they owe more than the [...]
[ March 4, 2010; 6:30 pm; ] Come and learn all about short sales and how they work.
I find most homeowners take the pride of home ownership very seriously as well as the commitment to pay for the home. When bad things happen to good people, it is always an unfortunate circumstance that can often prompt tough decisions that need to be made. So when is it a good time to consider [...]
Many individuals may not fully understand what a short sale is. Let me explain for you. Let’s say you buy a home for $100,000. Now because of the economy, or many foreclosures in the area, you home is only worth $75,000. You have been making payments but because of interest and how loans are amortized [...]
