Earlier this month, we discussed how Short Sale “floppers†were casing house listings for an opportunity to make a profit off your underwater mortgage. On Monday, Ed Haldeman, CEO of Freddie Mac, released a statement outlining popular mortgage scams, their response and suggestions for identifying Short Sale floppers. In this national initiative, Freddie Mac is [...] Read more »
Are “Floppers” Casing Your Short Sale Property?
Are you starting the Short Sale process in Long Beach because your mortgage is underwater? Did you suddenly have an eager buyer approach you with an offer that will solve all of your problems? Just be cautious. You could be bait for a new real estate scam called Short Sale “flopping.” What is Short Sale [...] Read more »
What are the Advantages to Buying a Pre-Foreclosure Property in Long Beach, CA?
Looking for the perfect home in Long Beach, CA isn’t as easy as it was in 2007. New real estate buyers must know how to navigate the online listings, as well as exhaust all other house-hunting resources to find the best bargain. And though the government has implemented a number of homeowner programs, mortgage lenders [...] Read more »
