Short Sale

A staggering 270,000 people who purchased homes in 2022 are now "underwater" on their mortgages.

A staggering 270,000 people who purchased homes in 2022 are now “underwater” on their mortgages

The red-hot housing market in 2022 already has an estimated 270,000 homebuyers who owe more than their house is worth. According to Black Knight's analysis of the 450,000 underwater borrowers from Q3 this year, around 60% had mortgages issued during the first nine months of 2022 - that's one out of every twelve homes purchased with a mortgage! Additionally, nearly 40% have less than 10% equity left for any...

Behind on Your Mortgage? Consider These Options to Avoid Foreclosure

If you have fallen behind on your mortgage payment or fear that you are about to be in that situation, you aren’t alone. It’s estimated that just over 10 million homeowners are behind on their mortgage payments currently.  So, what can you do? Your best bet is to be proactive. Educate yourself about your potential options as early as possible. The longer you wait to seek out a solution, the...

Thinking About Buying a Foreclosure? This is Why You Will Need an Agent

Every buyer is looking to get value for their dollar. For some, that will mean searching for a foreclosure or distressed property. When buying a foreclosed property, the seller is actually the bank or mortgage lender and they are hoping to recoup as much as possible from the sale. The bank or mortgage lender has already seized the property from the previous owners because of non-payment. Why is it...

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