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Why homeowners choose strategic default when they can pay? With the state of the economy over the past decade, millions of Americans have been sitting on their homes as they wait out the foreclosure process, taking advantage of free living and waiting for a strategic...
In the real estate market, a short sale is the sale of a property under mortgage where the sale price is less than the balance of the mortgage. The bank receives the proceeds from the sale and may or may not relieve the borrower of the remaining balance. In...
How to Manage Broker Price Opinions Effectively There are a number of reasons when a professional valuation of property is desired yet a formal appraisal is not required. In these instances, Broker Price Opinions (BPO) is ideal. A Financial Institution may legally...
For Sale By Owner Short Sales After the recession of real estate industry, real estate sales began increasing in the many U.S. markets as the distressed homeowners were forced to sell their homes less than the market value. The sale of property involving the short...