If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won’t cover your total mortgage obligation and closing costs, and you don’t have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it.

1. Consider loan modification first. If you are thinking of selling your home because of financial difficulties and you anticipate a short sale, first contact your lender to see if it has any programs to help you stay in your home. Your lender may agree to a modification such as: Refinancing your loan at a lower interest rate; providing

It came to my attention last week that Beazer homes is trying their hand at the investment real estate market in Phoenix.  My initial reaction was “what are they thinking?”.  After reading about what they are doing, it all started to make sense.

Beazer is buying foreclosures in the Phoenix real estate market that are close to their new build properties.  They created a new division called the Pre-owned home division.  This is strategic because it

When people put their home up for sale, they don’t know that there are some very simple and cost effective ways to make their home more appealing to potential buyers. Doing so will reduce the time it takes to actually sell it. There are many articles on the internet that guide you through this process of making your home ready to sell so I will try to summarize my top ten here.

This is the question I get asked most often.  Is now the time to buy?  While no one can tell you for sure when the absolute perfect time to buy will be, there are some key things to consider that will help you make your decision.  Your timing in buying a home is certainly dependent on multiple factors including your own personal goals.

Here are a few things to consider.