What is a Short Sale ?
D.C. Fawcett asked: Benefits to the Seller of the property The seller wins by avoiding foreclosure by selling their home before the foreclosure auction even if they owe more than its worth.If sellers were to sell their home foreclosures the traditional real estate transaction with a realtor without a short sale, typically they would have [...]
10 Things You Need To Know About Buying Foreclosures
John Montgomery asked: When it comes to buying foreclosures, every investor needs to be aware of certain aspects that can either make or break their bargain. The appeal of a foreclosed property is often found in the hidden potential that a home is thought to possess, but the fact that it can be purchased at [...]
Bank Foreclosures
Heather Seitz asked: Bank foreclosure real estate, also referred to as REOs (Real Estate Owned), is foreclosed real estate that is owned by the bank due to an unsuccessful foreclosure auction. There are several reasons the home may have not sold at the auction. The most common reason is negative equity- the bank foreclosure real [...]
