Tag Archives: Short Sale

Shorewest Reports: More Buyers Are Returning to the Housing Market

The housing market and the economy took a dive in 2008, where many Americans could no longer afford the mortgage payments on their homes. This resulted in a flood of housing inventory through short sales and foreclosures, with their occupants …
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Should You Do A Short Sale in 2012?

Many homeowners are “under water,” meaning they owe more on their mortgage than their house is currently valued at. Some homeowners are choosing to wait for property values to return to normal levels, but others cannot wait for that to …
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The Negative Effects of a Foreclosure or Short Sale (Besides Credit Scores)

When considering a Short Sale or Foreclosure,┬áthere are more consequences to consider than just the effect on your credit! For example if you hold a government security clearance for a military, CIA or police position, that clearance will be revoked. …
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When Should You Start Thinking About a Short Sale?

The thought process about completing a short sale should begin when you know you can’t make payments on your mortgage based on your financial status. Do NOT let your payment arrangement go into default status with your lender. Why is …
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Factors to Consider When Buying a Short Sale

A short sale can seem like a great deal, but you have to analyze the overall financial status of the investment. Ask many questions about the home and the current financial status associated with it. Doing your research can save …
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What is a Short Sale?

The economy has people looking for ways to save their homes. What if you can’t refinance to make lower payments or can’t sell your home in this market? DON’T go into foreclosure. Try to work with your bank to work …
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