Blog

Navigating Short Sales: What to Do When the Sale Price Leaves You Short

If you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it.

Research Shows Changing Market

 

                                                                                        

A joint study by the 50+ Housing Council of the National Association of Home Builders (NAHB) and the MetLife Mature Market Institute shows the recession has made 55+ buyers more practical when selecting a new home. Design considerations have become less important, and financial concerns have become more prominent, according to the study.

Christmas Open House

 

    

    Dave & Barbara Waldo            Lori Hysell & Barbara                   Hot Appetizers - Yum!          Linda Gayle Fox, Lisa Puccio , John Faw                                                                                                                                                                                                                    

Pages

Subscribe to Blog