Category Archives for "In the News"

Anything interesting and happening in the world of Real Estate

Get more for your money when selling your home!

 With increasing unemployment comes the increase in short sales nationwide. Short sales give homeowners an option other than going through the embarassment of foreclosures, while banks avoid the legal bills and maintenance costs the follow a foreclosure. Short sales usually sell for more and get more money for the banks than foreclosures. In turn, banks often agree to drop […]

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Many struggle to keep their homes after losing a job… Help is out there!

According to DSNews.com and a recent national survey taken last month, 1 in 3 Americans would not be able to afford their mortgage after only ONE MONTH of being unemployed! Many people feel that they are the only ones living paycheck-to-paycheck, but 61% of those surveyed said that they would not be able to keep up […]

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Short Sales Becoming More Popular With Time

Why has there been an increase in the amount of short sales in the last year?  Short sales, which many people are still unfamiliar with, are becoming more and more popular throughout the country with a noticeable increase in many states. Large banks including Bank of America and Wells Fargo have also had an increase in the amount of short sales they have seen […]

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Homeowners of distressed properties may have some relief in sight

“Treasury is currently reviewing a proposal to aid distressed homeowners by allowing a short sale of mortgage notes from mortgage-backed securities (MBS) trusts to new investors.” (DSNews.com) Jordan D. Dorchuck of American Home Mortgage Servicing, Inc. developed the proposal in hopes of making the lives of distressed homeowners much easier with the use of principal […]

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