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short sales vs foreclosures: What's the Difference Between Foreclosures and Short Sales? - 01/09/11 11:45 PM
What's the Difference Between Foreclosures and Short Sales? You've got to love reading through some of the questions and answers on Trulia!  I always love to clear up the consumer's questions that seem to be so simple for us but, not so elementary for those who are not in the real estate business.  Here's the short version of a recent question that I thought needed a bit of clearing up: 
What is the difference in a foreclosure and a short sale and which is the best one to buy? In response to the initial question - The difference between a … (78 comments)

short sales vs foreclosures: Thinking of Walking Away? What About the Deficiency Judgement? - 12/19/10 04:57 PM
Thinking of Walking Away?  What About the Deficiency Judgement? Many homeowners who are facing foreclosure fail to consider is the possibility of a deficiency judgment.  Deficiency judgments are levied by your former lender, who simply 'sues' you for the balance of what was owed on your mortgage at the time of the foreclosure less the eventual sales price, plus legal expenses, penalties, etc.   If the primary mortgage of $300,000 nets the lender (after foreclosure) $150,000, the amount of the deficiency would be $150,000 + legal fees, penalties, etc. Homeowners facing foreclosure in North Carolina can and are walking away or otherwise … (7 comments)

short sales vs foreclosures: Foreclosures: A Great Investment or a Disaster? - 10/14/10 09:35 PM
Foreclosures:  A Great Investment or a Disaster?Are you leaning towards stepping into the investment market?   You may get the idea that buying a foreclosure is your best bet for a great deal on a home.  Well, it’s possible, but remember that the foreclosure market is full of perilous pathways and competitive investment pros who know what they’re doing.Whether you’re considering purchasing foreclosures as an investment or as your personal residence, here are a few tips that will help you get you started on a great investment and likely help you avoid a disaster.
Seek professionals to assist you:  Your team of … (36 comments)

short sales vs foreclosures: Short Sale Q & A - This Process is Taking TOO Long, What is a Buyer to Do? - 03/14/10 11:53 AM
Short Sale Q & A - This Process is Taking TOO Long, What is a Buyer to Do? From a short sale buyer:
Q - I have had a purchase agreement on a short sale property since August 14th of 2009 and I still haven't received an answer from the bank.  They keep telling us we will have an answer in approximately 1 week; then a month will go by and we still hear nothing.  What can I do to help move this process along as the purchaser?
A -First of all, you are incredibly patient!  There are several things that … (46 comments)

short sales vs foreclosures: If You Don't Know How to Cook, Get OUT of the Kitchen! - 03/03/10 09:07 PM
If You Don't Know How to Cook, Get OUT of the Kitchen!  You see, right now, there are too many cooks in the kitchen who don't even know how to boil water!  Hire a chef or go to culinary school, I say!
 
Annoyed?  That's an UNDERSTATEMENT!  Isn't there something in the Code of Ethics regarding misrepresentation?  Don't agents worry about legal issues when they represent themselves as something they're not and fail miserably for their clients?  I've got a short sale seller's DREAM buyer--800+ credit score, staying power, full-priced Offer who fell in  love with the property!   Oh, did … (116 comments)

 
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Debe Maxwell - Search Charlotte Homes for Sale - Charlotte NC Neighborhoods

Charlotte, NC

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