Category: Foreclosures

The true cost of buying a foreclosed home: your foreclosure calculator

Homebuilders are working harder to tell their story The cost of a new home from a builder is all built into the price. Compare that with a foreclosure that sells ‘as is,’ but may wind up costing more than a new home because of the ‘fixes’. Online Truth Squad In Phoenix, one large builder, Fulton …

Continue reading

National Mortgage Settlement: What You Need To Know

Last week, the Federal government and 49 state governments (Oklahoma being the exception) agreed to a $25 billion settlement regarding robo-signing and the challenges it created in the foreclosure process. We want to give a synopsis of the settlement and some perspective on what effect it will have on the housing market in 2012. The …

Continue reading

Short Sale Vs. Foreclosure: A Short Sale Always Wins

The most prevalent question in the ever changing real estate industry that continues to permeate our times is: “Why should a seller go through the short sale process rather than letting their house be foreclosed upon?” While one cannot speak to every circumstance, one can say one thing with complete conviction:  In almost all instances in which …

Continue reading

A short summary on home Short Sales

Good News: The number of short sales has increased 12.6% in the second quarter of 2011, with short sales making up about 8% of all home sales thus far this year. Financial institutions appear to be more open to negotiating sellers’ negative equity… and thus, not going forward with the foreclosure process. Reposted with permission: KCM …

Continue reading

Short Sales: The Road Is Now Paved

THE KCM CREW on SEPTEMBER 2, 2011  

Short sale option: lease-to-own

Question: I am considering a relocation move, and just had an appraisal done on my townhouse. It came in at $419,000, which means that I am about $15,000 underwater on the property. I don’t know if I could sell at the appraisal value, as there have been no comparable sales in my neighborhood for 18 …

Continue reading