Buying a Short Sale Home Instead of a Foreclosure is a Good Idea |
| 1/5/2009 9:40:25 AM |
.jpg "short sale") Foreclosures and short sales are significant opportunities to save money on a home purchase. Of the two choices, the short sale is often the better option to pursue, because these homes could be in better condition than the foreclosed homes. As a general rule, they are priced about the same, and when you buy a short sale, you prevent foreclosure. If you want to feel good... Read More |
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Short Sales Take Longer to Buy, But Worth the Wait |
| 12/24/2008 9:40:35 AM |
| If you are buying a short sale, you've probably found out that it's not the fastest process in the world. A short sale is a way to buy a home at a fantastic price, but because there is more paperwork involved, they simply take more time to process. The bank may get multiple offers to sort through, and they may also be understaffed in their loss mitigation departments.... Read More |
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If You're in the Market, Look at Foreclosures and Short Sales First |
| 11/6/2008 2:21:33 PM |
 For many households in the US, buying a short sale could be their ticket to home ownership. Historically, home ownership has been the best way to securing wealth, and when you buy a short sale, you are getting a home for a great price. Typically, a short sale will be sold at or just below the appraised value, so while the owners of the home may owe much more money on the... Read More |
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Interested in Buying a Short Sale? There are Lots to Choose From |
| 10/31/2008 11:34:32 AM |
 There was some good news released this week about real estate markets in the western states of the US that reported increased home sales in September 2008. This is great news, but the footnote was that most of the increase in activity was from foreclosures and short sales. Even so, it means that people are buying homes again, and that's the best news we can get right now.... Read More |
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Buying a Short Sale in a Market 30% Below 2005 |
| 8/27/2008 6:29:49 PM |
 Foreclosures and short sales were not nearly in the headlines back in 2005 as they are today. According to numbers from Standard & Poor's/Case-Shiller Index, resale on homes has dropped 30 percent in San Diego. San Diego is place associated with high home prices. Even after this 30 percent decline the median home price is 364,000 dollars. Compared to the national median... Read More |
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Can You Do a Real Estate Short Sale as Part of a House Trade? |
| 7/28/2008 8:48:17 PM |
If you're considering doing house trading because you're looking down the barrel of a foreclosure proceeding it might have occured to you to ask if your mortgage holder will do a short sale mortgage deal as part of your home swap. The short answer to that is, it's possible, but you have to get your lender to approve the transaction, of course. But you know what? If your... Read More |
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National Trend of Foreclosures and Short Sales Mean Opportunity to Some |
| 7/15/2008 4:13:00 PM |
The rate of foreclosures and short sales across the country continues to rise, albeit at a slightly slower pace than in the last 12 months, and in some places, property values are holding steady and there really aren't any more foreclosures now than there were during the whole mortgage boom. But, where there are foreclosures and short sales occurring in great numbers, this... Read More |
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