The Consequences of Walking Away From a Mortgage

I hope this post doesn’t apply to you. That is, I hope you’re not in—or at risk of—foreclosure. We all know there are still a lot of foreclosures out there. As a Realtor, it’s especially obvious. Every time I drive to one of my short sale listings it seems like there are two new foreclosures […]

Mortgage Underwater? Here Are Your Options

So, was 2005 the year that you dove in and bought your first house? How much do you wish you had had a crystal ball back then? Don’t be too hard on yourself: NOBODY had the ability to see the future and nobody knew just how bad the housing industry would get. Homeowners from all […]

How to Buy a House at Auction: Can You Really Get a Home for 50 Percent Off?

Buying a house at auction isn't for everyone, but can lead to big savings.

You’ve heard the stories and seen the ads. Perhaps you even know somebody who bought a home for cheap at a foreclosure auction. Now, you’re thinking about buying a home of your own. You have CASH from savings or an inheritance. And you’re tempted by foreclosure auctions (where banks sell foreclosed homes to quickly get […]

Bank Owned Homes: Should You Buy a Foreclosed Property?

Bank owned homes are still flooding our nation’s real estate market. For buyers who can handle risk, some are incredible deals. But if you’re gearing up to buy your first home, take a hard look at whether buying a foreclosed property is a good idea. Although buying a bank owned property requires you to jump […]

Is a Short Sale Right For You?

Are you or someone you know having trouble paying a mortgage? You’re not alone. Millions of Americans are still grappling with the fallout from the recent recession. And for many, that means falling behind on mortgage payments. If you’re starting to get behind on your mortgage or have already received a notice of default (NOD) […]

Young and Upside Down on the Mortgage: What Would You Do?

Embattled real estate markets and soaring foreclosures aren’t just affecting middle-aged Americans; there are plenty of young people who bought early at the wrong time. True, young homeowners have less invested in a home and plenty of time to rebuild their finances, but finding yourself staring down the barrel of foreclosure is unpleasant at any […]