There’s no doubt that the real estate industry has taken a slump in the past few years. For many, they’ve taken this as a sign not to invest in property. However, those with the money to spare have taken it as an opportunity to invest. The truth is that there…
Foreclosure
The short sale is a situation that occurs close to the early stages of a foreclosure. A lender allows the homeowner to sell the property for less than the amount of the outstanding principal on the mortgage. Biggest Benefit is Time-Sensitive The lender will accept proceeds of the transaction and…
In the current housing market, there are plenty of people who are looking to avoid foreclosure on their family home. There is an ongoing subprime mortgage crisis going on, thanks to the bursting of the United States housing bubble in 2006. Prior to the bubble bursting, many home buyers had…