All posts tagged short sale

foreclosure

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 [...]

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fraud

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

shortsale

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

underwater

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

waterdragoncircle

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

taxshelter

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

juliewyss

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

aldanaltre

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

joybender

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

aldanaltre

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

aldanaltre

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.

shortsale

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

shortsale

‘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

underwater

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

shortsale

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

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