The national housing market is dealing with an issue of supply and demand right now and it’s impacting both buyers and sellers. Specifically, the national housing market has too few people selling their homes compared with the number of people who want to buy homes, according to a recent report from Standard & Poor’s/Case Shiller. […]
Much to the elation of home sellers everywhere, home prices are on the rise in nearly all states, according to a recent report from the real estate researcher CoreLogic. Evidently, 48 states showed year-over-year gains in April. Meanwhile, home prices also showed month-over-month gains between March and April. As a result, home sellers from California to […]
WARNING: Don’t even think of doing anything with your home until you read this letter. Which one of these misconceptions do you believe, and how much is it going to hurt you? Some of these may even affect your ability to get a job. Why? Because many employers now require credit checks when hiring. Common Foreclosure […]
Watching the Weekly Market Report can be helpful in determining whether you are in a buyer’s market or seller’s market. Normally, it is considered a seller’s market if the average home is selling under 5 months, a balanced market when selling between 5 to 7 months, and if a home is taking longer than 7 […]
Watching the Weekly Market Report can be helpful in determining whether you are in a buyer’s market or seller’s market. Normally, it is considered a seller’s market if the average home is selling under 5 months, a balanced market when selling between 5 to 7 months, and if a home is taking longer than 7 […]
“Freddie Mac announced its support for this important new effort to help servicemen and women when national duty requires them to sell their homes in an uncertain market. We look forward to working with our servicers on this new short sale policy. Together we can help ease the challenge of relocation for military families when […]
If you haven’t seen the increasing number of For Sale signs with a “foreclosure” sticker or sign rider, you’ve been under a rock for the past couple of years. These days, foreclosures have been commonplace in every neighborhood, from $80,000 homes to $1M+ homes. The public is getting increasingly savvy in purchasing foreclosures because after […]
Because you would need to sell your home for less than the loan amount, you are faced with possible foreclosure or bankruptcy. With a short sale, you would be working with your mortgage company to sell your home as quickly as possible and at a price the mortgage company will need to accept. Since selling your home in a short […]
In a recent study, the Chicago Booth/Kellogg School Financial Trust Index found that a full 36% of Americans would consider “strategic default”—another term for walking away from your mortgage—if they were underwater (owed more on their home than what it was worth). Now that more than one in four American homeowners is “underwater,” I feel […]
5 Steps for a Successful Short Sale Lenders and the federal government, prompted by the sheer volume of loan modification and short sale requests, have overhauled their systems and programs, making the foreclosure avoidance process much easier than in the past. If you are considering short selling your home to avoid the financial and emotional […]
