The Need For Speed - 04/27/09 10:13 AM
In areas where home prices have significantly declined, some owners find themselves strapped with mortgages that total more than their home’s value. When options such as extending the term of the loan or negotiating a lower interest rate have been exhausted, then a short sale may provide the solution.
However, short sales are complicated, requiring approval from a number of parties, so you need the representation of a professional to make sure the transaction moves quickly. You can have more than half of the paperwork done before that first offer even comes in.
Most lenders require an application package to be … (0 comments)

An Ounce of Prevention... - 04/20/09 11:12 AM
If you're planning to go bargain hunting, you are likely to come face to face with a special challenge: the long-vacant home. Many of these properties have been foreclosed, and now rest in the hands of the bank. The owners are long gone.
While the greatest percentage of these "distressed properties" are still in fair to good condition, how can you be sure of possible defects in the home when the previous owners are not available to disclose such facts?
Since the bank-owners and their real estate agent may not know all the details about the previous owners, you would be … (0 comments)

Turn Those Red Flags Green! - 04/13/09 03:10 PM
When selling a home, two situations may occur which are red flag indicators of a lengthy sale time. Each requires the property owners' attention in cooperation with their sales agent, and involves either the price or condition of the home.
The first involves a home that has been on the market for 60-90 days, but has been shown only once or twice. More buyers are beginning to enter today's real estate market, and homes for sale should be attracting a number of prospects.
When buyers choose not to tour a home, the reason is often the price. Homes that are attractive, … (0 comments)

Buyers Are Gaining Steam! - 04/06/09 09:45 AM
A recent profile of buyers and sellers compiled by the National Association of REALTORS® has revealed promising, if not surprising statistics about the changing face of the marketplace. The percentage of first-time buyers is on the rise, and they are making their purchases for the long term.
Frankly, this makes sense, because first-time buyers aren't struggling with the sale of an existing home. Combine that advantage with low home prices, large inventories, and low interest rates, and the result is a positive trend for both buyers and sellers.
Recently enacted tax credits and modifications in the Federal Housing Administration are also … (0 comments)

No Paws Left Behind... - 04/01/09 11:31 AM
Over 60% of American households have at least one pet, be it dogs, cats, or any variety of furry or feathered residents. With the number of foreclosures in the recent past, you may not have considered the millions of pets faced with vacating their homes, or worse, facing abandonment because their owners are unable to find temporary shelter, as they themselves are forced to relocate under stressful conditions.
If you or someone you know is experiencing a similar situation, you'll be pleased to learn that a non-profit organization called No Paws Left Behind is educating the public and helping to provide … (1 comments)

 

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