3 Common Short Sale MythsThere is a lot of misleading and incorrect information about Richmond real estate short sales.

Many people don't have a clear understanding of the purpose of short sales or how they actually work.

Essentially, a short sale is when one sells their home for less than the balance remaining on the mortgag...

21.02.13 04:45 PM - Comment(s)

Foreclosure signThe process of buying a foreclosed home is slightly different from the process of buying a non-foreclosure home.  If you want to invest in Midlothian foreclosures, therefore, it is important to understand the different ways by which to purchase a foreclosed home.

There are three main ways to buy...

20.12.12 04:45 PM - Comment(s)

Short sales risingForeclosure-tracker RealtyTrac reports falling foreclosure sales nationwide as banks get better at selling homes via short sale.

In its Q3 2012 report, RealtyTrac says that 193,059 homes in some stage of foreclosure were sold, accounting for 19% of all residential home sales. In addition, pre-fo...

18.12.12 04:45 PM - Comment(s)

Short SaleA short sale is when a property is sold for less than its remaining mortgage principal balance, and executed as a way for both the existing homeowner and mortgage lender to reduce their respective losses.

Typically, although not always, short sales are reserved for situations of extreme financial har...

05.12.12 04:45 PM - Comment(s)

Foreclosures April 2012

Foreclosures filings fell 5 percent between March and April of this year, and by 11 percent as compared to one year ago. The data comes from RealtyTrac. The foreclosure-tracking firm tallied fewer than 189,000 foreclosure-related actions last month -- the fewest number since July 2007.

Rapidly-declin...

30.05.12 03:45 PM - Comment(s)

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