A “Short Sale” is when the sale of the property does not net the seller enough funds to pay the full mortgage and the mortgage company discounts the note. These properties are often nearing foreclosure and the mortgage company would rather discount the mortgage than go through the costly and time consuming process to foreclose. [...]
Archive for July 2nd, 2008
Recent Posts
- Avoiding Loan Modification Scams
- “Median Price” May be Misunderstood
- Mortgage: Pay or Walk Away
- Current Mortgage Rates and Prediction
- Don’t be a “Panic Buyer”
Categories
Archives
Real Estate News
- Did You Know: Home Purchase Location
- Daily Forecast Update: Housing Market Index, Industrial Production
- Daily Forecast Update: Consumer Sentiment, Retail Sales
- Daily Forecast Update: Weekly Mortgage Applications
- Daily Forecast Update: 10-Year Treasury
- Did You Know: Agent Representation and Compensation
- Did You Know: Role of Real Estate Professionals
- Daily Forecast Update: Vehicle Sales
- Did You Know: Foreclosure Rate Trends
- Housing Units and House Holds