Survey: Short Sale Process Still Falls Short

August 15, 2011 | Comments Off on Survey: Short Sale Process Still Falls Short

Daily Real Estate News | Thursday, August 04, 2011 Seventy-seven percent of real estate professionals report that closing short sale transactions is “difficult” or “extremely difficult” — up from 70 percent in December 2010, according to a survey conducted in June by the California Association of REALTORS®. The survey gauged real estate professionals’ experience and […]

By Katy Stech The Post and Courier Thursday, August 5, 2010   Government money is on the way to help financially struggling South Carolina residents save their homes. U.S. Treasury officials approved a series of homeowner rescue programs that will spread federal grants — from a few thousand dollars up to $36,000 — to homeowners […]

According to this article from MSN it looks like it will be a long path to recovery for the U.S. housing market. In this May 13, 2010 photo, a brand-new $1.1 million, 5,200 square foot home in Davie, Fla. is offered for short sale. The number of homeowners who missed at least one payment on […]

It may seem like a great deal, but be aware of possible expensive repairs lurking inside. By Marcie Geffner of Bankrate.com   A for-sale house that’s been vacant may look like a bargain, but buyers should be cautious, because expensive problems often lurk inside homes that have been unoccupied for some time. A home can become vacant due […]

A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt. Why are […]

I saw this article on Realtor.com and thought it was quite interesting. It’s a good thing that foreclosures are shrinking-hopefully this means that the housing market is improving and will only get better and better with time. Foreclosure Bargains Getting Harder to Find Home buyers hoping to snag a really good deal on a foreclosed home […]

A new federal law has now come about designed to protect renters from being evicted with little or no notice when foreclosure becomes an issue. It will protect renters from eviction if their landlord loses the property through foreclosure. “The fundamental purpose of the Protecting Tenants at Foreclosure Act is to ensure that tenants facing […]

I ran across this article in USAA Magazine, Winter 2009 and thought it was very helpful if you’re considering buying a foreclosed property. Impulsive or uneducated buyers can find themselves holding the deed to a bottomless money pit if they’re not careful. Here are some tips that could help you out in this situation: Do your homework-search […]

With cheaper home prices, lower mortgage rates and big discounts on foreclosures, buyers have lots of incentives to get into the real estate market. Anyone considering buying a home should still be cautious because the recent financial crisis has created a number of financial pitfalls. To help buyers navigate into this uncertain market, here’s a […]

    According to the officials at Columbia University, the recession ended September 2009. It will have lasted for 21 months, making it the longest recession in modern history. Because the recession coincided with a  financial crisis and a real estate deflation, it felt like the worst thing since the Great Depression. It’s likely that […]

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