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Distressed Properties = Patience Equity
For Buyers wanting a ‘good deal’ Most buyers want to make sure they get a ‘good deal’ when they purchase something, and purchasers of real estate are no different. That is why many decide to buy a...
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Sales of bank-owned homes increasing, prices dropping
Distressed sales increasing In what could be an ominous sign for the still fragile U.S. housing market, the percentage of distressed properties in home purchase transactions climbed to the highest...
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Short sale option: lease-to-own
Question: I am considering a relocation move, and just had an appraisal done on my townhouse. It came in at $419,000, which means that I am about $15,000 underwater on the property. I don’t know if I...
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Short Sales: Has Their Time Finally Arrived?
Banks considering short sales more favorably Last week, RealtyTrac released its Q2 2011 U.S. Foreclosure Sales Report. The report confirmed what we are hearing in the marketplace – banks are beginning...
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A short summary on home Short Sales
Good News: The number of short sales has increased 12.6% in the second quarter of 2011, with short sales making up about 8% of all home sales thus far this year. Financial institutions appear to be...
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Short Sale Vs. Foreclosure: A Short Sale Always Wins
The most prevalent question in the ever changing real estate industry that continues to permeate our times is: “Why should a seller go through the short sale process rather than letting their house be...
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Short Sale vs Foreclosure – Common Myths BUSTED!
It’s likely you’ve heard the term “short sale” thrown around quite a bit. But what, exactly, is a short sale? A short sale is when a bank agrees to accept less than the total amount owed on a mortgage...
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Zillow reports one-third of homeowners underwater with mortgage
Zillow just reported that their data shows nearly 16 million homes in this country are now in a negative equity position where the house is worth less than the mortgages on the home. This number is...
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Short Sales in Washington State are low: 9.21%
Washington State is in the low end on the national scale of the percentage of short sales for all home sales. KCM Blog, April 27, 2012
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Still Underwater? Consider a Short Sale…
Even with the increase of home prices in some areas, other areas are slower to recover There’s good news for homeowners considering a short sale: the HAFA program has been extended through the end...
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