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 …
Category: Short Sales
Oct 31
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 …
Jul 13
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 …
