The National Association of REALTORS has put together a video discussing the amount and type of 'Shadow Inventory' nationally. The biggest problem with such figures is that they are still based off of sampling & definitions of what is or is not counted in the definition. Regardless of what the actual number is, the video ...
No matter what happens with the economy, interest rates and house prices, the next few years we will continue to see both foreclosures and short sales. From an owner's perspective, a short sale will often do less damage to their credit than a foreclosure - though in many cases the damage can be almost equal. ...
The always excellent Calculated Risk goes into the simple reasons why 2nd mortgage holders are unlikely to embrace HAFA.When a 2nd mortgage holder can only recover 3% of the loan or $3000, whichever is LESS, and they have to release the seller from all future liability, I can see why they will not be ...
If you're eyeing a home that's a potential short sale, be prepared to be in it for the long haul. Short sales can be more time consuming than traditional sales, but if you're in a position where you can be flexible with your close date, your patience could well be worth ...
Most of my buyers are NOT housing experts... they are "regular people" and are experts in whatever field they work in but not in real estate. That's just fine because that's why people like me have jobs doing what we do! One of the most frequent topics that comes up is the differences between traditional ...