Can I Put My Home Up for Short Sale if I Am Not Behind On My Payments?

At the beginning of the real estate crisis that swept across the United States at the start of 2007, homeowners across the country could do nothing as they watched the value of their homes plummet and mortgage payments, for those with mortgages with an adjustable rate, went up. Vast and widespread unemployment, decreased level of average income, and an increase …

Advantages of a Short Sale Over A Foreclosure

What are the Advantages of a Short Sale Over A Foreclosure? Nobody ever imagines that their own home might one day face the prospect of foreclosure. However, the real estate crash and economic downturn have made this nightmare a reality for many Americans. Sadly, the foreclosure process is often a long and painful process for those involved. However, there is another option …

Short Sale Specialist: How To Find The Right One?

Ask the right questions to find the right short sale specialist to work on your short sale. Don’t be shy to ask agents questions regarding how they work, and what they can do to help you. Consider the following questions before selecting your short sale agent. 1. How many short sales have you successfully negotiated? Short sales are more complex than …

Short Sale Experts Sharing Wealth of Knowledge: Did You Miss it ?

Oyezz Real Estate was at the SMU Campus in Plano sharing the latest strategies and techniques in residential short sales. Local real estate agents packed the meeting room for an hour long class on how to represent a buyer in a short sale. John Anderson highlighted some of the following topics: • how to interview the seller’s agent • the …

Millions of Homeowners Underwater – What to do ?

First-time homebuyers search for affordable homes; however those homes are a rare find on the market because of the negative equity on most of those homes. According to the first quarter of Zillow® Negative Equity Report, almost 9.7 million homeowners are underwater. Homeowners who owe more on their mortgage than the house is worth are in a sticky situation. This …

Dallas Housing Market: Best Place to Buy a Home

Are you wondering how the housing market is looking like this spring and summer? Are you looking for a good deal? Want to know the best place to buy? According to Shari Olefson, a real estate expert with Yahoo!, the Dallas/Fort Worth area is the best market for buyers searching for a good deal. The number of underwater properties in …

Reasons Why Short Sales Fail

There are several reasons why short sales fail and here are some of the most common ones. The House is Vacant If a property is vacant, there is a higher chance of vandalism and property destruction, which causes a change in the value of the property.  There is more than One Mortgage on the Property All lenders must be considered …