Real Estate

Real Estate Short Sale: What Is It And How Does It Effect My Credit.

What is a short sale? After the real estate bubble burst. House prices rapidly dropped. Many homeowners ended up having a mortgage balance higher than the current market value (Term used for this “Under Water”). So these under water homeowners cant refinance or sell their home without coming up with a large sum of money to cover the difference. For many people foreclosure was the only option. Foreclosures are costly for the lender, take time, involve attorneys, and make homeowners angry. Some homeowners would even damage property; lowering the properties value even more. So the mortgage lenders come up with […]


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Posted by - October 7, 2012 at 11:29 pm

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How To Figure Out Your Homes Value

In this article we talk about 3 different ways to value your home. (How an official appraisal works, what things does a real estate agent look at when performing a comparative market analysis before listing a home, and the DIY / for sale by owner method) Using online home value estimation tools isn’t enough to figure out the true value. They can give you a pretty good idea about the average home price in your area and local data. But don’t make the mistake of not doing your homework. Take a moment and learn about the different ways home values […]


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Posted by - October 5, 2012 at 3:07 am

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