Foreclosure Options: What is a Short Sale?
The housing market is certainly better now than it was a few years or even a few months ago, but many homeowners are still struggling.
If you are facing foreclosure and can no longer afford your home, you may qualify for a Short Sale—even if ...
Posted by Paula Henry on December 1, 2013 in Homeowners
Simple Real Estate Definitions : Short Sale
A 'Short Sale' is when a home seller sells his home for a lesser amount than what is owed on his mortgage, and the mortgage lender agrees to accept the lesser amount in lieu of a full payoff.
By way of example, a Short Sale may be appropriate for ...
Posted by Paula Henry on February 2, 2010 in Real Estate Terms
Facing Foreclosure in Indianapolis
Losing the American Dream
Buying a home is the 'American Dream' and a huge investment which is normally not taken lightly. I doubt many people who sign their loan documents and open the door to their new home, think 'well, if I can't make it, ...
Posted by Paula Henry on August 2, 2009 in Real Estate News
WARNING - You Don't Need Their Help
It is part of my normal routine to contact lenders on behalf of my clients who are in the process of trying to obtain a short sale on their home.
Today, one of the lenders I called had an intro message warning their clients about third parties ...
Posted by Paula Henry on April 1, 2009 in Real Estate News
Are You Facing Foreclosure?
A Homeowner’s Nightmare
With the economic crisis we are facing in the real estate sector of our economy, many homeowners are realizing their home may not be the investment they thought. The dream of home ownership has turned into a nightmare ...
Posted by Paula Henry on December 10, 2008 in Real Estate News
Everyone Wants a Short Sale
This was a statement from a negotiater for a bank I am working with in a current short sale. Her intent was to explain why she is behind with 70 files on her desk. Her actual statement was, “Have you heard the news, everyone wants a short ...
Posted by Paula Henry on May 20, 2008 in Real Estate News
Foreclosure Help in Indiana
Has your dream of home ownership turned into a nightmare? Does it seem you may never get caught up? What steps should you take to preserve your home and at what expense?
These are the hard questions facing those whose home is in jeopardy of being ...
Posted by Paula Henry on November 13, 2007 in Real Estate News
Facing Foreclosure in Indianapolis, Who Ya Gonna Call?
Are you facing foreclosure on your Indianapolis home? Do you feel like you're losing the race against time in your effort to keep your home? Who Ya Gonna Call? The first person you should call and be in contact with is your mortgage company.
Posted by Paula Henry on May 14, 2007 in Real Estate News