Real Estate Short Sales

RSS Short Sales

  • Calpers Pension to Sell $3 Billion of Real Estate Portfolio
    When investment returns fall short of its 7.5 percent target rate ... robust rental demand have been among the most popular real estate types. Commercial real estate sales have jumped this year. Properties valued at $238.7 billion changed hands in the ...
  • 5 Issues set to have a big impact on real estate
    Demographic shifts from retiring baby boomers and the increase of millennials buying homes will have the most profound impact on the real estate industry ... prompt an increase in short-term commercial development and slow home sales.
  • Baeten returns to real estate
    After a short break from the real estate industry, she has returned to the business to provide her seasoned talents to home buyers and sellers. Baeten’s tenure in real estate sales spans a period of more than 10 years, all of which were in Clatsop County.
Real Estate Short Sales

RSS Commercial Real Estate

Breaking News

RSS New Home Builders

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.

read more...
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

  • The Goyena Team, Joe GO & Carol, Celebrates 60 Years in Real Estate
    Fountain Hills, AZ (PRWEB) June 30, 2015 The Goyena Team's motto is "We Get Results, Because We Care." With a combined sixty years of experience in the real estate business, they handle all types of real estate, from vacant land, to condos, to patio homes ...
  • Arizona realtor Sidney Cranston Jr. still missing
    An Arizona real estate professional is still missing one week after reportedly going to show an unknown property to an unidentified client near Kingman, Ariz. Photo Credit: kaje_yomama via Compfight cc Sidney Cranston Jr., 40, was last seen on June 16.