Posts with tag short sales

Senator's Mortgage Trouble Highlights Positive Housing Trend

While presumptive Republican presidential nominee Mitt Romney may be in the process of quadrupling the size of the La Jolla mansion (one of six homes in his real estate portfolio) that he purchased for $12 million in 2008, not all of our politicians appear insulated from the impact of the housing meltdown. Utah Sen. Mike... Continue Reading »

Avoiding Foreclosure: More and Better Options Available Now

If you're teetering on the edge of foreclosure, you may have a much better chance of finding your footing than in years past. Servicers of delinquent or at-risk mortgages appear poised to ramp up their use of alternatives to foreclosure this year, an industry shift that could enable many more homeowners to hold onto their... Continue Reading »

4 Secrets to Scoring a Bank-Owned Property Deal

Scanning the foreclosure listings to snap up your dream home on the cheap? It's tempting indeed to take the bottom-fisher route, especially when bank-owned deals are so plentiful and annual housing prices in 20 major cities combined declined 3.8 percent in January, according to the closely watched S&P/Case-Shiller... Continue Reading »

Short Sales: The Long and Short of Them

Before the housing meltdown, the term "short sale" was hardly part of the residential real estate vernacular. But now that about 11 million homeowners owe more than their homes are worth, millions of whom are headed toward foreclosure, the sales method has emerged as an alternative to foreclosure. For homeowners teetering... Continue Reading »

Short Sales That Are Long on Value

The perfect-storm buying conditions of today don't end with record low interest rates and severely depressed home prices: The housing meltdown has also caused a bargain-friendly type of home sale to flourish, injecting the market with even more potential for great deals. No, we're not talking about foreclosures: We're... Continue Reading »

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