When You Should Opt for a Short Sale versus Foreclosure

Many folks are struggling with "under water" mortgages, even if the worst of the Great Recession is done. Let's talk options: short sale versus foreclosure.

Although the 2008 financial crisis is an event that has largely faded from the consciousness of many Americans, its aftermath is very real to a large swath of homeowners, whose struggle with monthly mortgage payments and “under water” home valuations continues … unabated.  Today I will examine the 2 worst scenarios and share thoughts on […]

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Square Peg In Round Hole Mortgages?

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Most likely you have noticed that the credit market, especially for residential mortgages, just ain’t what it used to be. Instead of offering mortgages to anyone and anybody as long as they had a pulse, nowadays it’s almost the exact opposite. Not only do you need spectacular credit, a significant down payment amount, or existing […]

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American Dream or American Nightmare?

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Does owning your own home or better yet, working and slaving away to even qualify to own your own home even makes sense anymore? Is it about time to reexamine the tired old advice from Grandpa about the importance owning your own home? Has the world and society changed so much and so fast that […]

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7 Things Every Renter Should Know that Your Landlord Won’t Tell You

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The debate surrounding the relative merits of owning versus renting one’s home will continue ad nauseam. I have a foot firmly planted in each camp. However, for many, renting is not just a personal choice, it is a financial necessity. The dwindling middle class, victims of stagnant wages and diminished job opportunities, have unacceptable credit […]

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What is an Appraisal?

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When it comes to buying a house, there is so much to do even after you’ve made an agreement and created a purchase contract with the seller. One of the things you may have to do includes having the home appraised. In some cases you won’t, and it will depend on your circumstances. Appraisals are […]

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What is a Home Inspection?

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Once you have made a purchase contract with the seller, your job isn’t done. You cannot sit back and relax until closing because you have several things that you need to accomplish in the meantime. For example, you will need to find a home inspector, and you will need to schedule time for a home […]

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