What’s the Difference Between a Short Sale and Foreclosure?

Jacob Kepler/Bloomberg via Getty Images Two options for homeowners who fall behind on mortgage payments are a short sale and foreclosure. While the prospect of losing a home is a hard reality that many people face, it’s important to understand the difference between these two processes. How long do short sales and foreclosures take? Which is […]

Read More »

Disadvantages of Buying a Short Sale: A Deal This Good Comes With Risks

Fancy/Veer/Corbis via Getty Images A short sale is the process of selling a home for a price that won’t cover the cost of the outstanding mortgage. It’s a disheartening situation for sellers who find themselves in financial distress, although it can be their only option. But for buyers, a short sale can be a chance to buy […]

Read More »

Want to Find Cheap Houses for Sale? 4 Bargains Are Hiding in Plain Sight

David Aaron Troy/Getty Images Every bargain hunter fantasizes about finding cheap houses for sale. And while stumbling across these deals might seem to boil down to pure luck, it’s actually anything but. Just like stores that highlight their discounts with bright yellow signs declaring “50% off,” certain homes “advertise” their bargain-basement status. Here are a few telltale phrases to look for, because they mean a property is priced […]

Read More »

Can I Sell My Home If It Is in Foreclosure?

Joe Raedle/Getty Images Foreclosure is a long and heartbreaking process for a homeowner. But, it’s not hopeless. When looking for a solution to defaulting on their mortgage payments, many owners float this question: “Can I sell my home if it is in foreclosure?” The short answer is yes. Up until the home is sold at auction, you can rescue your home by […]

Read More »

5 Tips Real Estate Investors Need to Know to Find Good Deals

artisteer/iStock With real estate prices reaching ever-higher highs in large swaths of the country, the availability of deeply discounted properties is drying up. And that means it’s getting tougher for real estate investors and home flippers to find great deals worthy of their time and cash. “There are fewer foreclosures to buy, but there’s more interest in buying […]

Read More »

Afraid of a Bubble? Buy Without Fear in These Top 10 Stable, Growing Markets

marekuliasz/iStock; omersukrugoksu/iStock; drmakkoy/Getty Images Today’s rapidly skyrocketing home prices are making more than a few people nervous. After all, it was only about a decade ago that the U.S. real estate market bubble burst, and millions of Americans lost their homes (and for many, life savings). And, as most of us recall all too well, plenty […]

Read More »

What Is a HUD Home? A Bargain With One Huge Catch

fizkes/iStock; hudhomestore.com If you’re hoping to score a deal while house hunting (and who isn’t?), one bargain basement option well worth exploring is a HUD home. So what is a HUD home? Simply put, it’s a place owned by the U.S. Department of Housing and Urban Development, but there’s some backstory here, so allow us to explain. Long […]

Read More »

6 Sneaky Tips for Buying a Luxury Home Without Wads of Cash

jhorrocks/iStock The rich might be a little different from you and me. Especially me. But that doesn’t mean an average buyer (that’s us!) should be shut out of the high-end home market. A luxe place can be within reach, if you make smart choices before bidding. Of course, no home—regardless of how luxurious it appears—will be a dream […]

Read More »

Visit Us On FacebookVisit Us On TwitterVisit Us On PinterestVisit Us On YoutubeVisit Us On LinkedinVisit Us On Google Plus