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 […]
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 […]
