DEFINITION OF A SHORT SALE A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property and the property owner cannot afford to repay the liens’ full amounts, whereby the lien holders agree to release [...]
The American Terrorist – The Banks Written by: Mark Gershick Title: Broker for On the House Homes and Loans and The Mortgage Mediator When it comes to terrorism we think of mass deaths by explosions or some form of an aggressive collaboration of the efforts of another to Kill, steal and destroy us. An enemy [...]
This Virginia home was sold in a short sale. A new government program will make these transactions more common.By Les Christie, staff writerMarch 29, 2010: 2:30 PM ET Here is a story from CNN today that is starting to tell the whole story of our industry. As I have mentioned to my readers in previous [...]
For those of you that think we are seeing some light and we are coming out of the housing crash, then THINK AGAIN! In a recent article in the L.A. Times on March 20, 2010, E. Scott Reckard points out that we may not have seen anything yet. His article is below and it is [...]
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