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 […]

Buying a Short Sale: Is It Worth It? (And Does It Really Take Six Months?)

Many U.S. real estate markets are flooded with short sales and, according to the National Association of Realtors, that number is only expected to increase in the near future. So if you’re in the market for a new home, there’s a good possibility that you’ll fall in love with a home that’s listed as a […]

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 […]

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) […]