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February 2008
2/25/08
First-Time Buyer Questions
2/22/08
2/13/08
Monday, February 25, 2008
2:18:00 PM EST
Do you think that you have to have two full-time incomes in order to afford a
home these days? Would you look at alternative sources of income, such as
renting out a room or take a second job in order to keep up with rising housing
costs?
Post Your Thoughts
Are you worried that some senior citizens may not be able to afford to keep their home as prices for utilities rise?
Post Your Thoughts
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2:18:00 PM EST
First-Time Buyer Questions
Post Your Thoughts
Are you worried that some senior citizens may not be able to afford to keep their home as prices for utilities rise?
Post Your Thoughts
Written by unstructuredblog Blog about this entry |
Add to del.icio.us | digg this
3/16/08 1:39 PM
The seller's lender needs to approve the sale, but some lenders are willing to take less than what is owed to them rather than entering a costly foreclosure proceeding.
In the current market environment, some people are looking for short sales in the belief that they are getting a house for less it is worth. But a home is only worth whatever some one will spend for it, and a bank is probably only willing to do a short sale if the comparable sales support that home prices have fallen, so there's nothing magical about short sales that mean you are getting a sweet deal.