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So you find yourself in a none-too-fun position: your home’s value is less than the balance on your mortgage. You are still able to make the monthly mortgage payments, but you simply want – or NEED – to get out from underneath this bad/financially “upside down” situation… From this Bloomberg article on strategic defaulting, Morgan… Continue Reading
WOW! Incredible 3 bedroom Bungalow in great location. Completely updated decor. Refinished hardwood floors throughout. Eat-in kitchen. Large living room boasts beautiful fireplace. Pella windows. Spacious master bedroom with room for study and reading areas. Nice outdoor space with huge front porch and backyard patio. Two car garage. Everything done to move right in! Priced… Continue Reading
You’ve entered the real estate market to purchase your next home. You’re looking for a great deal and you’ve heard about short sales. The siren’s call of a home on the cheap offered by short sales is a very loud song indeed. But do you have the patience and time to wait for a short… Continue Reading
May 2010 is officially over and we are rushing head long into June! Important item to note in the housing market: April 30th has passed us by. April 30th was the deadline for buyers to get under contract to be eligible for the Uncle Sam housing purchase tax credit (up to $8,000 for first time… Continue Reading
This video is a farce, right? Or is it? Sadly, there is probably more truth than fiction in this excellent video that satirizes the “bank owned” real estate sales process. Don’t forget, you may also be asked for your first born and a blood sample! We welcome your comments! Continue Reading
