If you’re a homeowner, a strategic Short Sale is the option in which you’re able to continue making your mortgage payments, but you’re upside-down with your home loan. Usually, in a Short Sale, you are behind on your mortgage payments, but in the case of a strategic Short Sale, it’s possible for you to begin [...] Read more »
Should First-Time LA County Homebuyers Focus Only On Home Buying Incentives?
If you’re a first time home buyer in Los Angeles County, you’ve doubtless been looking for a bargain property in your local area. In many states, you have a wide selection of resources, including lender auctions, bank-owned inventory and Short Sales. But according to data compiled by Inside Mortgage Finance – a company that polls [...] Read more »
3 Questions to Ask Before Considering a Short Sale
If you are thinking of pursuing a Short Sale because you're falling behind on your mortgage payments, you might want to consider these questions before listing your house. How Should I Price My Short Sale Property? Ask any Short Sale brokerage and they will tell you to price your property at or near fair market value, but it's a good idea to begin with the total debt amount owed to your lender. How frequently you reevaluate your price will depend on how far along you are in your foreclosure process and the value of the housing market at that point in time. Read more »
