Interest rates are at historic lows but cyclical trends suggest they will soon rise. Home buyers may never see such a chance again, writes Marc Roth

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Q. Why do I have to submit a Short Sale package?

A. In short, because lenders require it. Lenders need to have a compelling reason to work with the seller. By providing tax returns, bank statements, pay stubs and other forms of household income and expenses along with a detailed hardship letter, the lender has a true an accurate picture of the sellers’ circumstance. IFR works with sellers to complete a thorough and effective Short Sale package.
Q. Will a Short Sale hurt my credit?

A. The term “Short Sale” is not reflected on the sellers credit report. Many times a Short Sale is reported as “Paid-Settled” which will most likely lower the sellers credit rating. The alternative, however, would be foreclosure which can significantly damage a sellers credit rating for years to come.

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Real Estate Agents bring valuable tools such as market research and planning that assist you in buying and selling properties. Many times a layperson looking to buy or sell real estate doesn’t consider these elements are important parts of the process….

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Carlo E. Capomazza with Sotheby’s International Realty® has earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows.

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Options for renters are greater than ever, so landlords need to start the renewal process early to keep their units occupied.

Here are some tips for small-time landlords who are worried about losing tenants at a time when options for renters are greater than ever. From Multifamily Executive Magazine, these renewal tactics are aimed at professional property managers, but they work for amateurs just as well:

Read more…

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Last year, lenders often took three to six months to respond to a short-sale offer. If the response was no, the buyer was out looking for another home after having wasted a lot of time. Many buyers who expected short sales to be good deals shied away from them altogether after having a few bad experiences.

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Talking points for early 2010’s real estate conversations.

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The median home price of an existing, single-family home rose 5.8 percent in November compared with a year ago, the first time the median home price has increased in year-to-year comparisons since August 2007.

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