Jeremy Smiley - Realtor and Short Sale Specialist with London Properties
Top 10 Fresno Seller Short Sale Questions, Answered. Number 10 Q. I can’t make my house payments but I do have an ability to pay back all or part of the negative equity. Also, I want to preserve my credit score…is a short sale right for me? A. Probably not. In cases where the seller… Read More
Source: Elizabeth Weintraub, About.com Guide A reader asks: My husband and I have been making our mortgage payments every month even though our home is underwater. We owe a lot more than our home is worth. Now, my husband has lost his job. We’re thinking about walking away from our home and letting it go to… Read More
Source: 7Online Although some economic indicators hint that the U.S. economy is moving toward a recovery, home values are still suffering from a serious economic hangover. Many home owners are putting off a sale until prices recover. But some owners must sell immediately, even at a loss. Selling a home for less than the debt… Read More
As real estate values have dropped over the last couple of years, drastically in some places, thousands of home owners have found themselves either upside down on their mortgage, unable to afford their payments, or both. The topic of short sales and foreclosures seem to dominate the headlines everywhere. There has been a lot written… Read More
Why should a home owner keep paying on a home when they are upside down? Is there some sort of moral aspect to paying on a mortgage even when its so severely upside down that the ‘home owner’ has become…in essence…a tenant with their mortgage company as their landlord? You might be surprised to learn… Read More
Just received another approval on a Fresno area short sale! Great looking place in the Woodward Lakes, Fresno. This was an exciting one because the homeowner had not missed a payment and REALLY didn’t have a hardship
Interesting article… I’ve noticed this trend as of late. Most of the short sales I’ve listed the past couple months haven’t had a true “Financial” hardship. It’s been more of a business decision for the homeowners to drop their “Toxic Asset” and move on with their life. Via: ecreditdaily.com The foreclosure crisis is taking a… Read More
