All posts tagged short sale
Infographic: When is foreclosure right for you?
Only bankruptcy is more damaging to your credit than a foreclosure. Nevertheless, there are times when a foreclosure can make sense to your household’s bottom line. First, be aware: • Even if you continue to pay your other bills, the [...]
Con artists leeching off new, improved federal mortgage and foreclosure relief programs
It's not just the National Mortgage Settlement's promise of restitution for those abused by foreclosure tactics that's drawing swindlers out of the woodwork. Double-dealers trying to hustle already victimized
Investors fueling housing recovery, first-time buyers back off
More cash rich investors, with a growing penchant for short sales, are energizing the housing market. All-cash sales rose to 33 percent of transactions in February from 31 percent
Strategic defaults on the rise, unfortunately
Apparently, homeowners aren't getting the message that strategic defaults are anything but strategic. A growing number of homeowners say, even if they can afford to make mortgage payments, they
Sellers embrace Year of the 2012 Dragon, price homes to sell
The Year 2012 is preordained to be a historic year -- for better or for worse -- and there's already something strange in the neighborhood. A recent survey says
Obama budget proposes Mortgage Debt Relief Act extension
The Mortgage Debt Relief Act (MDRA) of 2007 is getting a vote of confidence from the Obama Administration. And that could save you tens of thousands of dollars. The administration's
Real estate investors offer big pay off, if you can keep up
JULIE WYSS - Today's Silicon Valley real estate investor isn't necessarily a high roller, but more often a working stiff with a small-business, who is tapping existing non-real
Short sale, foreclosure, other debt forgiveness beyond 2012 could cost you tens of thousands of dollars
It may not be the end of the world, but in 2012, when the Mortgage Debt Relief Act (MDRA) of 2007 expires, it will end one of the
Why a strategic default is never strategic
JOY BENDER - San Diego short sale real estate agent Joy Bender has launched a campaign to educate high-end homeowners on the alternatives to strategic default. A strategic default
Mortgage modification fraud persists
Maria Lozano, a Los Banos, CA homeowner, recently struggled to pay her mortgage so she hired who she thought was a real estate broker. The broker charged her
Short sale sellers pocket up to $33,000 in moving costs
Q: Robert, I am in the middle of a short sale and was told that there is a government program that offers you $30,000 for short sale assistance.
California short sale snafus worsen
The short sale system in California isn't just broken, it's getting worse. Unfortunately, that means home owners who were looking for the short sale alternative to foreclosure could be
MARS shines on short selling homeowners
Homeowners facing foreclosure could enjoy greater access to short sales and less confusion about the foreclosure alternative, thanks to new federal regulatory relief for real estate brokers and
Californian homeowners get short sale relief
California lenders who agree to a short sale must accept the agreed upon short sale payment as payment in full for the outstanding balance of all loans, including
Short sales not short nor easy
A short sale can be a bargain buy, but first you'll have to navigate a minefield of UEDs (unimprovised explosive devices) that can kill the deal. A National Association
‘Flopping’ works other side of the ‘flipping’ street
Real estate investors who legally cash in on rising home values by buying and quickly reselling, or "flipping" properties shouldn't be confused with an offshoot band of "floppers"
MARS' loan modification protections extend to short sales, other foreclosure relief
Rules protecting consumers from being taken by modification services also extend to short sale services and other forms of mortgage assistance, including some assistance offered by real estate
Most Americans thumbs down on ‘strategic defaults’
The fallout you can expect from walking away from home ownership could include the ire of your neighbors. Even if you are 'underwater' -- owing more on your mortgage
Short sale transaction a tall order
To produce a down and dirty primer on short sales, we went to Intero Real Estate Services in Silicon Valley and checked in with other real estate and
Sell short, get $1,500 in closing costs
The U.S. Treasury is poised to announce a finalized plan to expand mortgage relief efforts to include short sales. A short sale occurs when the bank allows the sale

















