What is a short sale?
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While the housing market and economy are gradually showing signs of improvement, there are still many people who are behind on their mortgage payments and unsure of how to proceed. One option is a short sale. Short sales are when the owners sell the mortgaged property, with the banks approval, knowing that the house will likely [...]
Real Estate Market Changes
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The real estate market has slowly been changing over the summer months. In Florida things were going quite cheap this summer. Orlando had condos asking $19,000. Prices now are starting to creep back up. Maybe its the $8,000 housing credit or maybe it is the economy and housing market starting to recover. Either way, prices [...]
Housing, is this a good price, will it fall further, how do I know?
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Florida was hit hard during the housing bubble. Prices escalated like crazy. Now they are falling like a rock. I have been researching some potential rental purchases for a client and the asking price for the houses are currently $200,000 less than they sold for in 2005/2006. That may seem like a lot, it may [...]
Going, Going, Gone. House sold for $10,000!
Pinch me, I must be dreaming. A 4 bedroom 2.5 bath home with over 2,000 square feet built in 2006 is going on auction starting at $10,000. This isn’t just a rare deal, there are plenty of others available as well. In this current market life is pretty tough if you don’t have any savings [...]