What is a short sale? A short sale is a sales transaction in which the seller’s mortgage lender agrees to accept a payoff of less than the balance due on the loan.

Filed under: Real Estate Market, Selling, Short Sale, VRN | 1 Comment »

Mortgage interest rates change as often as two to three times in one day. Securing the lowest rate possible is every borrower’s goal. However, it’s impossible to time the finance market, just as it’s impossible to predict exactly when the housing market will peak or slide.

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As millions of Americans begin to realize that it will be years if not decades before their houses are worth what they owe on them, there has been lots of talk about whether it’s okay to just voluntarily walk away from your mortgage.

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Can you tell me what steps a board of directors/management company should take in the event a water-damage claim against the master policy is made by a condo owner?

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Heads up… California needs money, so pay attention to the rules of the road!

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“One of the greatest … threats facing our economy is the presence of … fraud, particularly in our securities and financial markets,” says Attorney General Eric Holder.

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Image via Wikipedia Contemplate writing a codicil that has this language: Codicil to my Last Will & Testament Upon my passing my estate’s executor will cause my estate to hire the services of a private investigator to investigate the events leading up to my death or incapacitation, the cause of my death or incapacitation, and [...]

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Too often, regulators say, seniors are poorly counseled in advance and don’t comprehend what they are getting into. If you, your relatives or friends are contemplating applying for a reverse mortgage in 2010, check out the new guidelines proposed this month by the federal regulatory agencies for financial institutions.

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