Foreclosure & Short Sale

Sellers who discontinue making mortgage payments—and those who headed into non-payment who cannot refinance or work out financing alternatives with their lender have three alternative for sale—sell the property before foreclosure is final, offer a deed-in-lieu of foreclosure to the bank or let the bank obtain the property in foreclosure. Buyers and investors often try to consult with the bank on short sales before the home foreclosure is complete, especially if the home is worth less than the outstanding mortgage balance.

Short Sales

The fundamentals behind a short sale, why lenders accept short sale purchase offers, tax consequences to short sale sellers and benefits to sellers and buyers to negotiate short sales. How short sales affect seller's credit.

Foreclosures

All about foreclosures, the risks and the profits. Whether you’re an investor or first-time home buyer, foreclosures can be a great deal, but now without substantial risk and work. Here’s how to defend yourself as a buyer or seller.

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