What is assumption financing in regard to a home mortgage?
Understanding the steps to getting a short sale approval
If you are feeling overwhelmed by your mortgage, and you need to get relief from the repayment obligations, your best option might be to go through a short sale. In order to do this, you will need approval from your mortgage lender. In the best-case scenario, they will permit you to go through a short sale and write off the mortgage, even if the equity generated from the home is not sufficient to do so.
Common causes of short sales
Many homeowners have no problem affording their monthly mortgage repayments until they experience an unexpected event that disrupts their finances. This can set off a domino effect that can lead them into debt and can spark wide-ranging cash flow problems.
Making an offer on a short sale property
If you are attempting to buy a short sale home, this can potentially be a lucrative deal because it can be possible to get a home under the market value. However, there can be complications in the procedure that you should be aware of before embarking on the journey.
The most common alternatives to foreclosure in New York
If you are a homeowner who is going through a difficult time financially, you may be wondering what your options are to resolve your situation. People very often want to avoid losing their home at all costs, but at the same time, they can be reluctant to take action.
Common concerns about buying a short sale home
Short sale homes tend to be on the market for a much lower price than other homes of the same standard. This is because the goal is to sell them as quickly as possible. Purchasing a short sale home can therefore be a great opportunity to get a home at a good price.
What are my alternatives to foreclosure?
Owning a home can feel like a great investment in your future. While the potential reward is great, home ownership can also feel stressful, especially if you are going through financial difficulties.
What should you do before you buy a house?
If you're making your first home purchase in New York, you want to make sure you do it right. You need to protect yourself and make sure you're not taken advantage of.
2 reasons to work with an agent or attorney when buying a home
When you're buying a property, you want the real estate transaction to go smoothly. That's not always how things work, but it is possible if you plan well in advance.
Sears stores close, company enters bankruptcy
Sears, a popular home goods store and retailer, is going through bankruptcy. As they go through bankruptcy, it could impact mall owners and other businesses, since Sears often has large stores in these shopping centers.
