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The Short Sale Glossary

Short sales, foreclosures and bank-owned homes all have their own set of specific real estate terminology. This is a quick glossary to help define some of the terms you will hear if you are looking to purchase a bank-owned property, foreclosure or short sale.

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Articles Tagged ‘Properties’

Comments Off on Beware Illegal Property Flipping Schemes!

Beware Illegal Property Flipping Schemes!

Wouldn’t it be nice to purchase a low priced property, make some mild renovations, and then quickly sell it for more? This process is called “flipping”, and before the housing bust, it was a popular and profitable past time for investors and savvy homeowners alike. Some are still turning a profit from flipping [...]
Comments Off on 3 Reasons Buyers Should Beware “Buy and Bail”

3 Reasons Buyers Should Beware “Buy and Bail”

In today’s uncertain economy, it’s hard enough to worry about losing your home to foreclosure. But what about going to jail for trying to escape from your underwater home? There’s an escape route some homeowners are using called a “buy and bail” which allows homeowners out of their current mortgage and into a [...]
Comments Off on The Hard Truth About “Hard Money” Loans

The Hard Truth About “Hard Money” Loans

What would you do to save your home? For some desperate homeowners, there isn’t anything they wouldn’t do even for a home miles underwater. With the risk of impending short sales and looming foreclosures knocking on your door, it’s no wonder why so many are turning to last resort loans from “hard money” [...]
Comments Off on Three Good Reasons to Invest in a Foreclosed Home

Three Good Reasons to Invest in a Foreclosed Home

Looking for a way to still make smart investments in a dwindling U.S. economy? Believe it or not, there are still average homeowners making money in real estate! More and more homeowners and savvy investors are choosing to purchase foreclosed properties as a way to make a profit. And with the unemployment rate [...]
Comments Off on The Million Dollar Question: Rent Out Your Property or Sell?

The Million Dollar Question: Rent Out Your Property or Sell?

  Homeowners in the midst of the current housing bust are seeking ways to break even on their real estate investments. Ride out the foreclosure flood or jump ship? Rent out my home or sell it? Here are some comparisons between renting and selling your home how they can best benefit you in these [...]
Comments Off on Is Your Rental Property Being Properly Managed?

Is Your Rental Property Being Properly Managed?

   Maybe you’re a homeowner trying to get money from your rental property. Or perhaps you’re a commercial investor with multiple apartment communities. Either way, a lack of desire to manage your real estate property will ultimately lead you to a property management company. Here are five things a property management company should do for [...]
Comments Off on Get Your Foreclosure Flu Shot!

Get Your Foreclosure Flu Shot!

  There’s an epidemic sweeping the U.S. faster than swine flu. The foreclosure rate is rising like a fever temperature and spreading like a cold! So before your real estate property gets sick, make sure to get your foreclosure flu shot! Here are four remedies to help with foreclosure. 1. Under the weather and unemployed. [...]
Comments Off on Are You A Victim of Wrongful Foreclosure?

Are You A Victim of Wrongful Foreclosure?

Sometimes innocent people end up in prison. Sometimes doctors misdiagnose a patient‘s illness. And sometimes, homeowners are victims of a wrongful foreclosure. There have been many foreclosure horror stories reported throughout the U.S. Recounts of homeowners who owned their property coming home to an empty, damaged house. Or a terrified homeowner frantically trying [...]
Comments Off on Three Reasons You Can’t Get A Home Loan

Three Reasons You Can’t Get A Home Loan

Housing prices are a record low. The market is flooded with short sale and foreclosed homes ripe for the picking. So why aren’t you buying a house? Many Americans want to take advantage of the buyers market, but find it difficult to get a home loan. Here are three reasons obtaining a home loan [...]
Comments Off on California’s Recent Foreclosure Surge

California’s Recent Foreclosure Surge

The LA times recently reported that more properties have entered the foreclosure process during the month of August this year than ever reported. This is largely caused by Bank of America, one of the leading home financing lenders in the U.S. Bank of America has increased their foreclosure processes in many states such [...]