Local Real Estate Blogs From Local Real Estate Agents
A short sale is a sale of real estate property where the proceeds from the sale fall short of the balance owed on the loan secured by the property, but the mortgage lender agrees to discount the balance on a loan due to financial hardship on the part of the home owner in order to avoid a foreclosure proceeding. The home owner sells the property for less than the outstanding balance of the loan and turns over the proceeds of the sale to the lender. This is often considered full satisfaction of the debt, although that is not always the case.
Who Else Wants To Buy A Short Sale Before April 30th?Guess what, there’s still time to buy a short sale and take advantage of the tax credit being offered to first time homebuyers and to buyers who currently own a home. Yes, I said buyers who already own a » Read more
Insider Information – On Short Sales in Las VegasIn the state of Nevada, a home owner has thirty five days from the first day following the day of notice of default and election to sell to pay the balance of the mortgage. To pay the balance of the loan or a » Read more
Financing a Short Sale, Foreclosure or buying a Waterfront Home in Cape Coral or Fort Myers?If you are looking to finance a short sale, foreclosure or buy that waterfront home in Cape Coral or Fort Myers, FL….here is an article I read today that I found interesting about getting a » Read more
First time homeownersIf you’re like many first-time homebuyers, chances are you’ve been spending your weekends driving around visiting open houses and new model homes. This is a great way to get a feel for what you » Read more
Bank of America Short Sales – New InformationA note from a blog by Pete Goodman: Bank Of America Checks Credit to Approve Short-Sale While speaking with Bank Of America today on one of my short-sales under review I learned some new » Read more
Mortgage Rates – Cape Coral & Fort Myers, FLMortgage Rates remain below 5% for second straight week. If you are looking to purchase foreclosures, short sales, waterfront homes, or and island home in Cape Coral, Fort Myers, Sanibel or Fort Myers » Read more
Today’s Mortgage RatesWells Fargo Reports Today’s Mortgage Rates as of 03/12/2010 05:00 PM Eastern Product Interest Rate APR Conforming 1and FHA Loans 30-Year Fixed 4.875% 5.065% 30-Year Fixed » Read more
Treasury Department releases new Home Affordable Foreclosure Alternatives Program (HAFA). Available in Englewood Florida and communities in Charlotte and Sarasota Counties Florida.On November 30, 2009, the Treasury Department released guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA). HAFA is part of the Home Affordable Modification Program (HAMP). » Read more
Englewood Florida. Is 2010 the year of the short sale? Are lenders and servicers working more with third party providers to make short sales happen?If 2009 was “the year of the foreclosure,” it may very well be that 2010 becomes “the year of the short sale.” The expectation is that short sales in Englewood Florida and the » Read more
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