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Perhaps you’ve found a house, or maybe you’ve just started the house hunt, but regardless of where you are in the home-buying process, you need to consider some key questions before you even think about making an offer. Buying a home is a Read More...
Washington, DC, December 21, 2011 Existing-home sales rose again in November and remain above a year ago, according to the National Association of Realtors®. Also released today were periodic benchmark revisions with downward adjustments to sales Read More...
Pending sales spiked by 10 percent in October 2010 in the Sarasota real estate market , signaling more closings in future months as the season begins in southwest Florida . There were 819 total pending sales reported last month, compared to 744 in September Read More...
Over the last several years, short sales have received a substantial amount of attention. This type of transaction is done when the seller owes more on his or her mortgage than the value of the property. The lender essentially agrees to accept less than Read More...
How Do I Pay My Reverse Mortgage Back? You will need to pay your reverse mortgage back when the last survivor moves out of the home or passes away, all borrowers permanently move from the home, you stop paying property taxes or home insurance, or the Read More...
When do borrowers walk away from their homes? More often, it’s when the bank can’t go after them. A new study shows that mortgage defaults are higher in states where banks can’t pursue a defaulted borrowers’ assets in court, suggesting Read More...
In the last year and a half foreclosures in the United States have been commonplace. Banks and mortgage lenders have many properties they must sell to recoup their loans . At foreclosure auctions, houses often sell for a fraction of their market value Read More...
Foreclosures occur when previous owners default on the mortgage payments and the property gets repossessed by the lien holder. These days, you will find many foreclosed homes and properties available for purchase in your area. This is a good thing for Read More...
Mental Recession Redux? September 25, 2009 by Brian Summerfield · 1 Comment Filed under: Economics , Mortgage Financing By Brian Summerfield, Online Editor, REALTOR® Magazine In July 2008, in the heat of the presidential election, McCain campaign Read More...
Which one is more advantageous for investors? Buying Foreclosed or Short Sale properties? Try Pre-Foreclosure and Bank Owned Properties, the less risk the better. Let's start with the definitions of each subject: SHORT SALE A short sale is a sale Read More...