Tag: short sale

'Can You Still Buy a New Home After Foreclosure?

A foreclosure might mean you have lost ownership of your first home, but that does not mean the end of it all. While going through a short sale or foreclosure can ruin your credit, reports state that it is still possible to bounce back and buy a new home despite this record. What kinds of instances make it easier for buyers to get a new home after foreclosure?

'Buying Short Sale Homes: Advantages And Disadvantages Of This Real Estate Transaction

Buying short sold homes is a popular strategy in the real estate industry primarily because there is a higher chance a buyer can get a really good deal on a property. However, there may be some pitfalls if you are a stranger to the said process. Because for starters, buying short sale homes doesn't exactly mean taking a short period of time. Inn fact, this transaction can take longer compared to a regular home sale as this could require more legal steps and more bank approvals.

'Short Sale Tips: The Myths About The Short Sale Process

A short sale is not an unfamiliar term in the real estate business and many homeowners resort to this process for a variety of personal reasons. But what exactly is a short sale? A short sale is the process of when a homeowner sells their home for an amount that is less than the balance they owe the mortgage company. The proceeds from the short sale will be used to pay for a fraction of the balance. This is what many homeowners resort to when they really need to sell the property but owe more than what the property is currently worth.