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Submitted by webadmin on October 7, 2010 - 6:06pm
The fall is a good time of year to start preparing your home for winter. Special maintenance is required on your home to keep it in great shape, and it's best to do the maintenance in the fall and not wait until the cold temperatures make it difficult or not practical.
Submitted by George A. Barnett on August 3, 2010 - 3:14pm
Are you looking to buy a new home? Are you thinking that now's a great time to find bargains? Before you make an offer, it pays to know a little about the seller's situation.
If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. Many more home owners are finding themselves in this situation due to a number of factors, including job losses, aggressive borrowing against their home in the days of easy credit, and declining home values in a slower real estate market.
Submitted by George A. Barnett on August 3, 2010 - 3:06pm
What is a short sale?
A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.