Tag Archive: Short Sale

Tread Carefully when Buying or Selling a Short Sale Home

November 19, 2015 by Leave a comment

Short sale properties are sold for less than what’s owed on the mortgage loan. It’s a provision for homeowners who can’t afford their mortgage payment, and it’s a way for these borrowers to avoid foreclosure. A short sale can also be advantageous for buyers. These properties are sometimes cheaper, so you can buy more house... View Article

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Four Reasons Why You Shouldn’t Clean Out Your Savings When Buying a Home

August 18, 2014 by 1 Comment

At a certain point in life, you’ll start to see many of your peers become homeowners. They’ve graduated from living with their parents or living in a small apartment and now have spaces of their own to call home. While you might be tempted to join them right away, there are several reasons why doing so without a... View Article

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I’m trying to buy a house that is in foreclosure through a short sale? What does this mean to me?

July 17, 2014 by Leave a comment

Buying a home that is in foreclosure can bring you savings. Such homes usually sell for a lower price tag. But buying a foreclosed property also brings its own challenges, especially if you’re trying to complete a short sale. In a short sale, a mortgage lender allows a home’s owners to sell their property for less than... View Article

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Foreclosures Increase in Majority of U.S. Cities in Q1

April 26, 2012 by Leave a comment

Foreclosures are up in the majority of U.S. cities, according to RealtyTrac’s Q1 Metropolitan Foreclosure Market Report.  RealtyTrac saw increase in 114 of the 212 U.S. metro regions with more than 200,000 residents. “First quarter foreclosure activity increased from the previous quarter in 26 out of the nation’s 50 largest metro areas, led by Pittsburgh (up 49... View Article

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