SHORT SALES


Short Sales / Foreclosures

Sellers who stop making mortgage payments and those headed into default who cannot refinance or work out financing alternatives with their lender have three options for sale: sell the property before foreclosure is final, give a deed-in-lieu of foreclosure to the bank or let the bank take the property in foreclosure. Buyers and investors often try to negotiate with the bank on short sales before the home foreclosure is complete, especially if the home is worth less than the outstanding mortgage balance.

Foreclosures

All about foreclosures, the risks and the profits. Whether you're an investor or first-time home buyer, foreclosures can be a great deal, but not without substantial risk and work. Here's how to protect yourself as a buyer or seller.