Category Archives for "Cashing Out With a Short Sale"
“I would like to commend Michael Simonini of Showcase Realty for coming to my rescue and helping me favorably part with investment properties I had in North Carolina. In 2006, I purchased a few properties hoping to rent them but, was unable to do so; I found myself paying these mortgages on my own. After several […]Continue reading
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 […]Continue reading
LPS Data Shows GSE Foreclosure Starts Are Accelerating Fannie Mae and Freddie Mac are beginning to initiate foreclosures at a faster pace. According to a new study from Lender Processing Services (LPS), GSE foreclosure starts have been accelerating and are currently at all-time highs. From May to June, foreclosures initiated by Fannie and Freddie jumped […]Continue reading
Many distressed homeowners were excited to learn of new beneficial goverment programs designed to keep their homes out of foreclosure. With over $50 billion allocated to bailout the mortgage program, there are still only 1 of 10 people getting the mortgage modification necessary to keep their home. Rising foreclosure rates will continue to force down home prices. With almost half of Charlottes homes being sold proced under $150,000 these effects are hitting close to home. After learning if you are eligible for a modification, it is important to consider the option of doing a short sale. This keeps the number of foreclosures off the market and will help keep home prices up. For more information on Short Sales in Charlotte, NC, contact Showcase Realty.Continue reading
Helpful video about the advantages of a short sale. Rising interest rates are making some mortgage payments unaffordable, leading to a record number of foreclosures. What is a better option, short sale or foreclosure?Continue reading