short sale home Gets High-End Flip Aubrey and Bristol buy a house site unseen for $250,000 in west Vegas. The ranch-style home is in an upscale neighborhood with comps around $400,000, but the dull and dated property will need a high-end overhaul to turn a profit.
A short sale is the sale of a property for less than what the owner still owes on the mortgage. A short sale is an alternative to foreclosure when a homeowner needs to sell and can no longer afford to make their mortgage payments. The lender agrees to accept less than the amount owed to pay off a loan now rather than taking the property back by foreclosure and trying to sell it later.
Buyers who pursue short sales firmly believe that it will present them with a good deal. Before jumping on a home you see listed for a price you think is too low for the neighborhood, ask your agent to call the listing agent to find out if the home is a short sale, because you might want to think twice about making an offer on a pre-foreclosure, short sale home.
Reverse Mortgages – Pros and Cons A comprehensive guide, exploring the PROS and CONS or advantages and disadvantages of reverse mortgages. In this guide below, you will find information about reverse mortgages. The guide is designed to help you make an informed decision as to whether a reverse mortgage is a proper fit for your current situation and your financial needs.
There’s only one reason to buy a short sale home – to get a great deal. "Short sale" simply means the sales price is less than the balance of mortgage(s) owed against it Short sales can.
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Refinance appraisals are based solely on comparable sales in the area because there are no other market indicators. Also, low-quality rehab is hard for an appraiser to put a value on, so it is common.
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expensive Garibaldi Located in the heart of Savannah"s historic City Market, Garibaldi is housed in the 1871 Germanian Fire House. Built in classic Paladdian architecture, the building is a beautiful presence in the market area. In the fashion of the era, the firehouses were commonly community meeting places.
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