short sale: The Coming Foreclosure Flood
- 02/24/10 09:30 AM
The following excerpt comes via HousingWatch.com's Alyssa Katz, an award-winning author and regular contributor. Interesting read, even if an ominous one. -- KB Heartened by the recent rise in home prices? Don't get too comfortable. Standard & Poor's, the credit-rating agency that tells investors what mortgage-backed securities are worth, reports that the increase was just an illusion. It predicts the nation is about to see a deluge of new foreclosures that will drive real estate values back down. Blame the "shadow inventory" – nearly 1.8 million homes that are on the road to foreclosure but for all kinds of reasons haven't … (3 comments)
short sale: Understanding Short Sales
- 07/11/08 02:51 AM
By Griff Garwood, AOL Real Estate contributor Whether you're in the market for a new home or considering selling your existing home, chances are you've heard of a short sale. Short sales are becoming increasingly common in parts of the country where home values have dropped substantially. Short sales can benefit those sellers facing the prospect of a foreclosure as well as buyers looking for a deal on their next place to live. However, short sales can also be tricky, so understanding how they work is essential. What's a Short Sale Anyway? In a short sale, a seller facing the threat … (0 comments)
The following excerpt comes via HousingWatch.com's Alyssa Katz, an award-winning author and regular contributor. Interesting read, even if an ominous one. -- KB
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