Category Archives: Distressed Property

Boomerang Buyers Could Boost Housing Market | RISMedia

Just because you might have experienced a short sale or foreclosure in the past, it doesn’t mean you can’t buy another home if enough time has passed: Boomerang Buyers Could Boost Housing Market | RISMedia.

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‘Boomerang Buyers’ Are Staging a Comeback

‘Boomerang Buyers’ Are Staging a Comeback.

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Housing Alert: Short Sales May Be in Big Trouble – CNBC

If you’re doing a short sale, you should try to get it done before the end of the year or you may end up owing taxes on any debt that is forgiven by the lender. Housing Alert: Short Sales May … Continue reading

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Divorce and the Underwater House That Nobody Wants

As if it isn’t bad enough that a couple is either headed for or in a divorce…add to that a house that’s underwater (more is owed on the mortgage than it would sell for)….  and to make matters even worse, … Continue reading

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Important Short Sale Info!!!

Starting November 1, if your mortgage is owned by Fannie Mae or Freddie Mac, it will become far easier to do a short sale (selling a home for less than the outstanding balance on the loan).  The servicers themselves (basically … Continue reading

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Fore Sale: The Golf Housing Bust – WSJ.com

If you’ve been looking for a bargain in a golf course lot/home or in a country club membership, this just might be the time to find it. You can always check out what’s for sale at many of the Minneapolis … Continue reading

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Underwater Homes Driving Prices Up?

It almost seems as if underwater homes should drive prices down rather than up but just the opposite seems to be occurring.  And by underwater, no I’m not referring to those flooded by the recent rains.  Underwater in the real estate … Continue reading

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10 Best Beach Towns to Buy Foreclosures

Looking for a deal on a beach house?  Here’s the top 10 places to find them. RealtyTrac Names 10 Best Beach Towns to Buy Foreclosures.

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Life After A Foreclosure or Short Sale

Foreclosures and short sales are a fact of life these days, often due to factors that are beyond our control.  Yes, they will impact your credit rating and yes, you will have to wait a while before you’ll be able … Continue reading

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Video: How Does A Short Sale Work??

A short sale isn’t really all that different from any other traditional sale except for one thing – you must get the lender’s approval to sell for less than the outstanding loan balance.  That adds time – sometimes a few … Continue reading

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