SHORT SALE AND FORECLOSURE BLOG

It would quite astonishing to see a dichotomy throughout almost everything in Are generally and the same applies to its real estate. Real estate property Los Angeles tops the national foreclosures list as well as unemployment is just about 10%. But if are wondering by investing in these conditions you will be able to easily [...]

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This is not news, but it IS critical for any Seller thinking about listing their home as a Short Sale in California in 2012. Remember the MOST critical thing..the Debt Forgiveness Act expires on 12/31/2012. Will it be extended? Most likely. However..do you want to take that chance? Read on for a recap of our [...]

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For Sale: 7BR/6BA Multi-FSanta Monica in Santa Monica, CA, $1,295,000 1044 Grant St.   Santa Monica, CA 90405 Just Listed $1,295,000 – SHORT SALE! Triplex 3,754 Sq. Ft – Recently Updated Great Investment or Owner-Occupied Opportunity! Private, Beautifully updated, modern retreat in the Sunset Park area of Santa Monica. This Custom designed, 2 story triplex [...]

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Foreclosures fell month-over-month but are still up nearly 20% compared with a year ago. Plus, Las Vegas wasn’t the worst-hit city in November. By Les Christie, CNNMoney.com Last Updated: December 10, 2009: 7:18 AM ET NEW YORK (CNNMoney.com) — Foreclosure filings fell by 8% in November, making it the fourth consecutive month of improvement in [...]

NEW YORK (CNNMoney.com) — President Obama signed an extension and expansion of the first-time homebuyers tax credit on Friday. The $8,000 credit was scheduled to lapse on Dec. 1 but will now be in effect through the end of June. Homebuyers must sign a contract before April 30 and close by June 30. The income [...]

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  What is a real estate short sale?   A little-known alternative, once more commonly used in the real estate downturn of the early ’90s, is the “short sale,” which works like this: A homeowner falls behind on his or her mortgage payments, usually due to a job loss, rising debt payments, or both. Facing [...]

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Homeowners facing foreclosure often have the option of selecting a short sale or a deed-in-lieu of foreclosure as a possible solution to their financial difficulties. But are they? Which is the best choice? Like most alternatives, both have their upsides and their downsides. Understanding these options is the only way to make a truly informed [...]

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A short sale will negatively affect your credit, but not nearly as much as a foreclosure or deed-in-lieu ~ read this entire article for details on each alternative. A short sale simply means that the amount of the mortgage balance owed is greater than the current market value of your home. Homeowners who are in [...]

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Short selling your home is not a decision you should make lightly. It is often a difficult and long process. If you are successful, the difference between what you sell the house for and what you owe on the house is forgiven. You’ll also avoid a foreclosure on your record. Step 1 – Get Educated [...]

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