Short Sales & Foreclosures

A short sale is a situation when the proceeds from the sale of Real Property are less then what is due to the bank holding the mortgage(s). In this case the bank would have to agree to take a "short" amount on what is due; hence the term short sale.

Recent Short Sale Entires

Good advice on repairing credit in short sale situations

May 4th, 2011

 Managing the details of a short sale is a specialty of Jeffrey Hoebee, Senior Lending [...]

How a Real Estate Investor can harm you and your short sale

November 11th, 2010

Here is the takeaway from this article: If you are just starting to think about a short sale and you are speaking to an “Investor” beware. If that Investor tells you that he/she is your best option don’t believe them. Remember, the nature of an Investor is to make profit. I am without a doubt a free market captialist and have no problem with investors making profit, but if it is at the expense of helpless home owners in my opinion it’s just not ethical.

What the Banks don’t want you to know about foreclosure.

September 8th, 2010

The Big Foreclosure Secret:  Short Sales Over the past decade, as we all know, housing [...]

How We Got Here:The Mortgage Meltdown

August 3rd, 2010

The mortgage and credit catastrophe was a direct consequence of sub prime mortgages adjusting to [...]