Short sales are the only options for many homeowners, but its tax implications continue to affect the housing market. There is very little that makes short sellers happy these days. But we recently heard from one who finally at least made peace with his problem. It took two years, but our correspondent finally closed on [...]
Choosing a real estate listing agent can be tricky. Sometimes a discount agent or fixed price agent can work just fine. Q: A fixed price real estate listing company is an advertiser on your radio show. I accept advertising for what it is. However, I do respect your opinion and really wonder if you would [...]
When the bank is stalling your short sale, there may not be much you can do to make the process go quicker. However, most banks realize that taking a short sale offer is better than the foreclosure process. Q: My husband and I purchased a home in 2006. But I lost my job in 2010, drained [...]
Deciding between a full service versus a flat fee real estate agent can be a tough choice - each has potential drawbacks. Q: What is your opinion of the flat rate listing vs. the traditional “full service” listing agent? We listed our previous home with a flat rate listing service about ten years ago but [...]
When trying to sell an upside down condo or underwater home, consider all your options and how short selling or foreclosing you property could affect your credit. Q: I currently own and live in a condominium. But I want to sell my condominium and buy a house. But because I'm upside down in my condo, [...]
In the dreary real estate market, short sales are quickly becoming the new foreclosures— and that’s actually a good thing. A short sale is not an ideal way to get out of a mortgage you can’t afford, but it’s better than foreclosure, which causes severe damage to your credit score, limits your ability to buy [...]
