A: Sometimes. But it is a complicated process and a lot will depend on the lender.
This process is called a “short sale,” which occurs when a lender agrees to write off the portion of a mortgage that's higher than the value of a home. But, usually, a buyer must …
While it can be tempting to go it alone when buying or selling a home, the vast majority of real estate consumers ultimately recognize the many benefits of working with a professional real estate agent. According to Lexington, Mass.-based REALTOR® Kristin Brown Orr, while it may initially seem appealing to …
By John Voket, RISMedia Consumer Confidant
If you are planning to sell your home this year, I want to bring you up to speed on an important responsibility—to present your home in as positive and honest light as possible.
Joy Watts, a real estate professional in Kalamazoo, Mich., …
A: Many people flock to refinance while mortgage interest rates are low, particularly when rates are about two percentage points below their existing home loans.
Other factors, like when to finance, will depend on how long you plan to hold on to your home and whether you have to …
Whether you're refinancing your current home or buying a new one, something worth considering is a 15 year loan rather than a 30 year term. The payments will be a little higher but you'll get a lower interest rate and you'll build equity much faster.
Let's look at …
According to the National Association of Realtors®, more than 4.25 million homes sold in 2011. That's a lot of real estate and such numbers raise the question: How are sellers doing it?
"Because individual homes are unique, there isn't one single strategy that works equally well for every property," …
Selling a home can be a daunting undertaking, and while you may be helpless to control the state of the market or the number of prospective buyers in your price range, here are a few ways to be proactive against some of sellers' most common pitfalls:
Problem: Competition. …
Q: What is a bridge loan?
A: It is a short-term bank loan of the equity in the home you are selling. You may take out a bridge loan, or interim financing, to help with a knotty situation: closing on the home you are buying before you close on …
In today’s competitive real estate market, many homeowners go to great lengths to help their home stand out from the competition, from staging to landscaping to replacing windows. An important place to start, however, is at the top. Does your roof add or subtract from the salability of your home?
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While you may have heard that selling your home as a short sale can be a long, frustrating, and sometimes futile process, the tide may be turning as lenders have become increasingly more amenable to short sales. Many lenders, says real estate professional and educator Gee Dunsten, are viewing short …