Real Estate Short Sales

RSS Short Sales

  • For Investors, China Real Estate Remains Big Gamble
    Which brings investors to the real short sale in the China real estate story: banks. According to the report, “the real property risk is that Chinese authorities will provide too much stimulus to prop up growth, making the inevitable unwind of the bad ...
  • Media: Raiffeisen Evolution in negotiations for EUR 150 mln sale of Promenada Mall
    Vienna based real estate developer Raiffeisen Evolution is negotiating the sale of the Promenada shopping center ... active on the market but also from newcomers and is currently managing a short-list with the best five offers”, according to cited ...
  • Options after short sale or foreclosure
    For those who did, the short sale or foreclosure now prevents them from purchasing another home with a traditional form of financing for years to come. “For those who do not want to be renters and who want to get back into the housing market while home ...
Real Estate Short Sales

RSS Commercial Real Estate

  • A Mumbai pattern: Laxity for real estate before election
    SummaryPrithviraj Chavan govt in Maharashtra is busy allotting more floor space index to real estate projects ... for all proposed commercial buildings in the notified airport area, for construction of exhibition and convention centres, and for ...
  • TPG-led group eyes Cassidy Turley
    A group including private-equity firm TPG is close to announcing that it is buying Cassidy Turley, according to a person familiar with the matter, in the latest sign of consolidation in the commercial real estate services industry. The deal to buy ...
  • Pioneering real estate concepts unveiled at Cityscape Global
    One of the biggest real estate players in the UAE, DI has on show its iconic projects, including Dubai Investments Park (DIP) — the largest integrated commercial, industrial and residential community in Middle East, as also developments by its real ...
  • 0 Atlantic Highway Thomaston, Maine 04861
    Douglas M. Erickson, CCIM, CRB has in excess of thirty-seven years of commercial and industrial real estate experience. He is presently licensed as a real estate broker in the States of Florida, Maine, and New Hampshire. In 1994 Doug became a member of the ...
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RSS New Home Builders

  • 2012 Builder 100
    Check out the 14 most popular new-home design trends and more in our latest Big Builder supplement, sponsored by Western Window Systems. BUILDER Online provides home builders with home building news, home plans, home design ideas, and building product ...
  • Home-Sales Growth Is Wide, Not Deep
    For new-home sales to ramp up significantly, builders need to start constructing a greater volume of affordable homes to cater to first-time and entry-level buyers. That is slowly starting to happen, but many economists and builders don't expect such a ...
If you owe more on your mortgage than the fair market value of your home and want to sell it for what ever reason, then you must short sale.

Your mortgage lender may, but is not obliged, to agree to accept a mortgage payoff that falls short of the balance that is owed originally. In other words, a bank agrees to accept less than what is owed on a borrower’s mortgage

A short sale does not always make the remaining balance due “disappear” unless specifically agreed to by the lender. In the past and in some states, the borrowers could remain legally and financially responsible for the balance amount. However, a foreclosure can be avoided through the short sale process, which is the primary goal so that the borrower’s credit is not as severely damaged as it would be through a foreclosure.

If a foreclosure is imminent, a short sale can help soften the blow and give the home owner more time to straighten out their finances and personal credit.

A foreclosure can put a serious black mark on a person’s credit. It’s a forever thing. If you go the foreclosure route and wanted to buy another property, you must disclose to the lender on your loan application, every time, forever. The stress that the foreclosure process can cause, most homeowners are willing to consider just about any alternative. The worst thing that a homeowner can do is nothing at all. By being proactive, a borrower can often find viable alternatives to foreclosure and a short sale is one of the most popular and realistic options because for those who are facing the prospect of a foreclosure, a short sale might be the right option. Loan modification may not be the best option either when facing foreclosure for most people because of the mere fact they are upside down on their mortgage.

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Real Estate Short Sales
Real Estate Short Sales
There are many types of loans that are secured by real property. These may be purchase loans, refinanced loans, home equity loans, or one of the various other types of loans. The type of loan and type of property will determine what remedies a lender may have if the homeowner fails to make the agreed upon payments. The available remedies, the homeowner’s overall current or potential future financial strength, the lender’s cost in acquiring the loan and any shared loss or similar agreement if the loan was acquired by purchase or merger, are some of the many factors that the lender may consider in deciding how to proceed when a loan is in default.


California Real Estate

California Forclosures

Debra Gruszecki reporting California and an Inland region rocked by mortgage distress failed to make the Top 10 list of places with the most foreclosures in March…

Florida Real Estate

Speed Up Florida Foreclosures

Florida’s Senate Banking and Insurance Committee this week approved legislation that would speed up the state’s foreclosure process, a move that would remove some protections for homeowners…

Georgia Real Estate

Georigia Foreclosures

Douglas County is no longer the foreclosure capital of Georgia according to Ron Daniel article. After two straight months at No. 1, Douglas County dropped to eighth…

Illinois Real Estate

Illinois Foreclosures

Foreclosure activity in Illinois slipped 2 percent in the first quarter from the previous quarter and fell 4.5 percent from a year ago, but the state’s foreclosure…

Maryland Real Estate

Maryland foreclosures

Old Town Manassas, once the face of the Washington region’s foreclosure crisis, is now enjoying a resurgent housing market despite the weak economy. Taylor Holland article continues…

RSS Other Real Estate News

  • What a relief!!!!!!
    I know, I'm' as annoying as the guys who were saying the US real estate market was a bubble when prices first started to top out and then slide...those that ignored them were much better off, snapping up all that Arizona real estate in 2005 and 2006 ...
  • Cal Bears' big night in Arizona ends in nightmare finish
    TUCSON, Ariz. -- They'll be talking about this one in Tucson for years, but Cal coach Sonny Dykes said the Bears must somehow forget about Saturday night's crushing 49-45 loss to Arizona in the Pac-12 Conference opener for both teams. It won't be easy.