Posts Tagged "short sale"

What’s The Difference Between Shortsale & Foreclosured Homes?

Posted in For Buyers, Foreclosures, General Musings

There is a great deal of difference between a foreclosed home and a shortsale.  Let’s start by saying that both these transactions involve the bank that held the mortgage on the home. 

As If Shortsales Weren’t Bad Enough..Now This!

Posted in For Buyers, General Musings

Short sales at the very least can be frustrating, long, and tedious transactions not only for the seller, but the buyer as well.  It almost seems that the real estate gods are against both parties in bringing shortsales to close in this market.

Now, the banks (at least some of the bigger banks) are complicating the matter by edging the gray line of “illegal” forward.  Watch this video from a report by CNBC to learn more…

Let me hear what you think!  Later…ciao!