If you’re like the 40 million American homeowners struggling to avoid foreclosure, you understand the need to find a reliable solution to avoid foreclosure. For many homeowners, the most appealing option is a short sale. Instead of dealing with modifications, those who owe more than their home is worth find a short sale to be  … Read more

When homeowners fall behind on their mortgage payments, the threat of a foreclosure or bankruptcy becomes overwhelming. To avoid these problems, many homeowners decide to pursue a short sale. Despite the name, short sales can take up to several months to materialize. Even after all the time and effort, however, just one mistake can lead  … Read more

Part of the reason the housing market has begun its, albeit slow, recovery is due to more  lenders accepting short sales in lieu of foreclosures. Although the market isn’t necessarily healthy, a short sale saturated market beats a foreclosure saturated market any day. In fact, there is much to be gained for homeowners looking to  … Read more

The housing market is in a unique position these days. For sellers, times can be tough as many foreclosures and short sales are available, bringing down home prices. For buyers and investors, now is a great time to potentially get a good deal. But, is buying a short sale really worth it? A Great Deal?  … Read more

While not everyone is jumping at the chance to get back into the real estate market, industry analysts suggest we have been seeing signs of improvement in the last several months. A short look at what is going on today reveals some promising signs for homeowners and those struggling with underwater homes. Positive Trends The  … Read more

These days, both borrowers and lenders are looking more towards short sales as a foreclosure alternative. With close to 40,000 short sales already completed this year through Fannie Mae, the Federal Housing Finance Agency is announcing new rules to help streamline the process. Efficiency Is Key The new guidelines for Fannie and Freddie are designed  … Read more

Lenders are now offering short sales as a foreclosure alternative in today’s real estate market. While short sales can benefit both the distressed seller and the lender, they do come with some ill effects for others. Apples To Apples? One of the biggest issues short sales bring with them is their effect on neighborhoods. While  … Read more

Five years ago buying a short sale was practically unheard of, but in today’s housing market they can be a hot deal. While most sellers and buyers are aware that short sales can be difficult, most people have no idea how to prepare for the process. Expecting The Unexpected There is no doubt that the  … Read more

While many of us are off playing in the sun, some families are facing tough times fighting off foreclosure through short sales. A recent review of real estate statistics predicts that short sales may peak to all time highs this summer, particularly in harder hit areas like Nevada, California and Florida. Seasonal Spike One reason  … Read more

While no one wants to be on the losing end of all the short sales going on in the real estate markets throughout the country, many people are jumping at the opportunity to be on the purchasing end.  Short sales can be great opportunities for you to be a buyer.  Banks are anxious to get  … Read more