Real estate blog entries tagged with reos by Clifford "Cliff" Diamond (Clifford Diamond & Assoc.)

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Home : Blogs : Clifford "Cliff" Diamond : Clifford "Cliff" Diamond's Blog : Tag "reos"

reos: Foreclosures and Short Pays and how it affects your market value. - 03/24/08 03:17 PM

Foreclosures & Short Pays and how it affects your market value.
With all the talk of foreclosures and short pays in the news, homeowners have to be wondering when will this all end and what effect does all this bad news have on my own home and does it effect my immediate neighborhood?
First, what is an REO, short pay and foreclosure?
A “short sale” or “short pay” is when a homeowner is in trouble on their property and owe more on the property than it is currently worth and/or can be sold for. Sometimes the lender will allow the property … (1 comments)

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Clifford "Cliff" Diamond

Santa Clarita, CA

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