Archive for the ‘Foreclosures’ Category

Short Sales…

A short sale is when the owner of a home must sell and they cannot get for the home enough money to cover the outstanding loan balance. They are “Short” the funds to pay off the loan. In this instance and under the right circumstances, the bank may forgive the balance of the loan. There must be an approved hardship for the Seller for the bank to approve this transaction.

A short sale comes with much paperwork, but if it is done correctly, the process will move forward. We work with a local attorney to make sure that everything is in place to give you the best results possible on your short sale. The best news is that there is no cost to you, the seller, for this service. All attorney fees for this service are paid for by the lender.

So, if you are looking to sell your home and expect to be in a short sale situation, give us a call. We will be happy to talk to you about the choices you have.

Tuesday, December 18th, 2012

Housing Crisis or Not?

CNBC News video about the “Housing Crisis” is interesting in that it talks about the hard numbers. Watch the video and decide for yourself if you believe the problem is over-blown or not.

Video

Friday, July 25th, 2008

Foreclosures

Thanks to the Atlanta Journal-Constitution and The Wall Street Journal…A great article about trying to buy foreclosures. Written by The Wall Street Journal authors Kelly Evans and Sara Murray and picked up by the Atlanta Journal-Constitution in their February 13th edition, this is well worth a read.

Foreclosures a difficult buy
Methods other than auction tend to be more fruitful

By Kelly Evans, Sara Murray
Wall Street Journal
Published on: 02/13/08

You might think that it’s an especially good time to get a deal on a foreclosed home at an auction. It isn’t.

Despite the growing number of foreclosures across the country, there are few bargains to be found at auctions. For one thing, you’ll be competing against savvy local investors who know how to gauge a property’s real value. What’s more, many properties are mortgaged so steeply that banks often ask for bids that are higher than the properties are worth. (more…)

Wednesday, February 13th, 2008

Foreclosure Info From National Association of Realtors

This may be good information for those of you interested in Foreclosure properties.

www.denboerhomes.com

Tuesday, January 29th, 2008