Posts with tag Short Sales

By Brendon DeSimone For years, many buyers routinely steered clear of foreclosures and short sales. In their minds, such properties were "damaged goods" -- real estate remainders that were likely to be dumps and money pits. Why risk such a big investment on a property sold in distress? We're now in a housing market... Continue Reading »

Short sales are a popular option for homebuyers right now because they're cheap. Well, cheaper than regular non-distressed properties. We recently brought you the 10 best cities to buy short sales, where they sold at an average of 23 percent below market rate. There were three times as many short sales as sales of... Continue Reading »

If you're bargain shopping for a home, don't be discouraged by the gigantic leaps home prices have been taking lately. There are still places where you can find cheap homes. You might start with the 10 best cities to buy short sales. Short sales and foreclosures made up 43 percent of residential sales last year,... Continue Reading »

Don't worry, the housing recovery isn't wiping out the discounts on homes that were prevalent at the height if the housing decline. Short sales and foreclosures are still aplenty in many housing markets around the country. And the savings are steep. Short sales went for an average of 23 percent below market rate in the... Continue Reading »

By Les Christie Borrowers who lost homes to foreclosure during the housing bust are starting to buy again. Since the housing bubble burst, 4.8 million borrowers have lost their homes to foreclosure, and another 2.2 million gave them up in short sales, according to RealtyTrac. While many are still struggling to recover... Continue Reading »