Foreclosures
Short Sales; Working with the Banks is getting Easier
Northern California real estate agents are seeing increased cooperation from the banks with regard to Short Sales. Realtor David Allen Rivas out of the Century 21 M&M Sunnyvale office says, “I am finding that banks are actually postponing the sales date and allowing short sales to close instead of following through with foreclosure.” “Here in [...]
Read Full Post | Make a Comment ( None so far )Short Sales vs Foreclosures for Distressed Homeowners
Northern California Century 21 M&M Real Estate Agents are asked everyday – ‘I can’t afford my home, should I sell it by short sale, or wait for the bank to foreclose?’ So, in an attempt to answer this question, what follows is - ‘just the facts’. A short sale occurs when a property is sold [...]
Read Full Post | Make a Comment ( None so far )The Process and Sale of a Foreclosed Home
Foreclosure – The process of terminating a debtor’s right to a property as a result of default on a mortgage or other lien. It typically involves the forced sale of the property at public auction, and the proceeds are used to repay the debt. ***Courtesy of Plain English Real Estate Dictionary by Marlyss A. Bird. [...]
Read Full Post | Make a Comment ( 1 so far )Low interest rates, low prices, easy terms – Time to Buy a Home!
Sonny Nguyen, Mortgage Professional for Century 21 Mortgage says, “ 2011 is going to be the year that First Time Home Buyers will get a chance to take advantage of low home pricing, record low interest rates and mortgage companies that are ready to lend.” “The mortgage industry has stabilized, everybody knows the rules, and [...]
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