Short sales on the increase According to RealtyTrac, short sales are increasing as a percentage of home sales in many states, helping some neighborhoods and homeowners avoid the more devastating impacts of foreclosures. The increases were sharper in some states, including California, Nevada, Michigan, Georgia and Colorado, the data show. In Colorado, short sales were 17% of… [Read More]
6 Tips for Buying a Home in a Short Sale By: G. M. Filisko Published: March 19, 2010 By preparing for a real estate short sale, you can emerge with a great home at a favorable price. 1. Get help from a short sale expert A real estate agent experienced in short sales can identify… [Read More]
Top 5 Real Estate Headlines in the 1st Half of 2011 by THE KCM CREW on JULY 5, 2011 We have reached the midway point of the year. Today, we want to look back over the first six months and give you what we believe were the five items that have had the biggest impact on the real… [Read More]
More Home Owners Foreclose by Choice A growing number of home owners whose homes have dropped drastically in value are deciding to stop paying their mortgage and walk away from the property, even though they can afford to keep making the payments–a move known as strategic default. The exact number of strategic defaults is unknown…. [Read More]
Fannie Mae’s guidelines to short sale option to avoid foreclosure.