Tracking November 2011 to January 2012
Real Estate markets are always changing and it is important to keep up on the latest trends and developments in the market you may want to buy into. Since November, the number of houses listed went down by 18.5% with over 14,000 homes in November to less than 12,000 this month in January. However, this is not too surprising. The National Association of Realtors track real...
What is a short sale?
A short sale appears on the market when a homeowner owes more on a house
than what the house is worth in the current market. A homeowner can then go to
the bank and give them an offer; they would like their house to become a short
sale. If the bank approves the house will go on the market as a short sale home.
This saves the house from becoming a foreclosure and can save the bank and
homeowner...
What is a short sale?
A short sale appears on the market when a homeowner owes more on a house than what the house is worth in the current market. A homeowner can then go to the bank and give them an offer; they would like their house to become a short sale. If the bank approves the house will go on the market as a short sale home. This saves the house from becoming a foreclosure and can save the bank and homeowner...