8/6/2008 1:45:00 PM
Open Houses - Are They Worth It (Sellers Beware)?
It is pretty amazing how many open houses are still held these days despite the overwhelming data indicating how ineffective they are. Just examine the statistics from the N ational A ssociation of R ealtors (NAR). The NAR publishes yearly statistics to inform ...
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7/28/2008 6:10:00 PM
What is the Impact of a "Short Sale" on My Credit Report?
I hear from a lot of people (even professionals) that negotiating a short sale with your lender would prevent a negative entry in your credit report. Is it true? The short answer is No. So, where are these rumors coming from ? In my opinion, they stem from ...
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7/24/2008 6:33:00 PM
Are lenders willing to do a "Short Sale"?
The overwhelming number of homeowners experiencing difficulty in making mortgage payments has caught the financial industry unprepared. Initially, lenders were unwilling to restructure loans with homeowners. But as the number of foreclosure climbed, lenders ...
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7/24/2008 10:22:00 AM
What is a Short Sale?
From a homeowner viewpoint, a short sale is a transaction in which the lender is willing to accept a payoff of less than the balance due on the mortgage loan and consequently avoiding the lender foreclose on the property. The lender is basically allowing you ...
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