Are Foreclosures Also Short Sales?
Wednesday, 24 October 2012
Question: “Hi Gary. I’m a new real estate investor. I see all your foreclosures. Are they also short sales?” Answer: First, a quick explanation: There are 3 stages of foreclosure during which a home may be sold: BEFORE a foreclosure sale, when the homeowner is in foreclosure. AT the foreclosure sale, when the home is
- Published in Q&A - Home Investing Questions, Short Sale
No Comments
Do Banks Want to Foreclose on Your San Diego Home?
Wednesday, 14 March 2012
“I read recently that banks are telling people they need to go into default to do a loan modification, then they’re foreclosing on the home. The article said banks do this so they can get the home at auction for far less than its value. Is that true?” Answer: That’s absolutely 100% incorrect. Despite all
- Published in FAQs, Home Financing, San Diego
Should You Agree to a MERS Foreclosure?
Wednesday, 04 January 2012
“I have been receiving your newsletter via email for some time, and have received some really good information, very informative – Thank you. I was approved for a modification and they’re asking me to sign something agreeing that MERS has all rights to foreclose, etc. I want to ensure I am not signing my life
- Published in FAQs, Home Financing
Why Foreclosures Are Valid “Comps”
Wednesday, 28 September 2011
“I’d like to find out what my home is worth. The house next door was a bank-owned foreclosure and sold way under market value. It doesn’t have any bearing on my home’s value, but will it hurt my chances of selling?” Answer: Let’s address what I call the “It-Was-Just-A-Foreclosure” Syndrome. Many homeowners automatically dismiss foreclosure
- Published in Home Selling, Real Estate Tips
- 1
- 2