Ann Downing, Downing Homes, Century 21 All Pro

Short Sale!!! You are hearing that a lot lately, but what does it mean? This is a method of disposing of your home without having the lender foreclose on you. You are unfortunately what lender's call "upside down." Let's take this example: you bought the house last year for $500,000, and foolishly took advantage of the ...

A lot of people ask me if there are a lot of foreclosures. I saw that yes, unfortunately, there has been a rise in foreclosures over the past 6 months and there are also a lot of short sales. CNN estimated last month that there are over 1,000,000 foreclosures in the US right now and more on the way. A short sale is when the homeowners have ...