Today Buyers and Sellers alike are hearing these terms more and more which bring more questions than answers most of the time. There are many misunderstandings of what these terms mean and what the process is or can be. The current real estate market is one that even veterans of 40 plus years have never seen before. Let’s explore what these mean here locally and have a glimpse of what they may mean in other areas.
There Is Already an Offer on Short Sale
Many times a buyer will tell me that they really love a home that is listed as a short sale and it already has an offer on it. Most of the time writing an offer on such a property gives you an opportunity to be in line so to speak for the property. Often times […]
Bank Owned Homes In Central Oregon
Looking at the bank owned homes in La Pine, Sunriver and Three Rivers South it seems that the numbers may be growing a little. Many of the homes that are priced well are still available this week. Although winter generally brings slower sales, recent bank owned sales have continued no matter what the weather. Many […]
I Have a Bankruptcy How Long Before I Can APPLY For a Loan
One of the biggest questions from Short Sale Sellers, and folks facing bankruptcy in Central Oregon is how long before I can apply for a new mortgage? The answers have been slow in coming but finally some mortgage folks are stepping up and answering our questions. Jason with Home Loan Ninjas answers this and a […]
How Long Before I Can APPLY For A Loan
One of the biggest questions from Short Sale Sellers in Central Oregon is how long before I can apply for a new mortgage. The answers have been slow in coming but finally some mortgage folks are stepping up and answering our questions. Jason with Home Loan Ninjas answers this and a couple of similar questions […]
What is a BPO
Many of the seller’s of Central Oregon short sales are finding that banks are starting to work with them prior to having an offer on the table. Some of the banks are willing to start looking at pricing prior to having an offer. Especially when the market does not support the loan amount. Sometimes a […]
Mortgage Payment Assistance–
Do you need assistance with your mortgage? This program may be of help to you! On December 10, The Oregon Housing and Community Services will open online applications for the Mortgage Payment Assistance. The Mortgage Payment Assistance will award homeowners in states hit hardest by the economic and housing market downturn through a fund established […]
Mortgage Payment Assistance–
Do you need assistance with your mortgage? This program may be of help to you! On December 10, The Oregon Housing and Community Services will open online applications for the Mortgage Payment Assistance. The Mortgage Payment Assistance will award homeowners in states hit hardest by the economic and housing market downturn through a fund established […]
Early Occupancy and the Short Sale
Any Real Estate Professional will tell you one of the biggest nightmares in their career is early occupancy. Some buyers or sellers may ask what early occupancy is, it is when the buyer moves into the home prior to the close of escrow. It makes the seller a landlord at the end of the day […]
A Possible Solution For Seniors Facing Foreclosure
Tough times have hit every age group in America, many of the seniors who have worked for years to pay off their homes are facing the same doom and gloom as many younger folks that purchased at the height of the market. Families are moving in with each other often to try and make ends […]
