About Those Bogus Short Sale Offers Sellers have a very difficult time understanding why some buyers will write an offer on their short sale without committing to buying that short sale. These buyers expect the seller...

You Might Qualify for a Short Sale Without a Hardship A strategic short sale can happen if the bank qualifies the property for a short sale without a hardship from the seller. For years, banks have been insisting that sellers face...

Financial Reform Isn't Necessarily Straight-Laced The financial reform bill has its supporters and those who would like to drive icepicks through the hearts of our legislators. I, for one, am totally in love with the...

Cheap Luxury Homes Are New Hot Ticket It may very well be true that you can buy a champagne home on a beer budget. Forbes says that cheap luxury homes are one of the best deals out...

How to Write a Winning Hardship Letter I've seen a lot of sellers struggle with writing a short sale hardship letter. Generally speaking, they start out OK by talking about how they got into their present situation, but...

Low Mortgage Rates Are Not Enticing Home Buyers Basically, the federal home buyer tax credit program is over. Oh, there are still those hapless buyers stuck in some delayed short sales who will still get the credit if...

IRS Blocks 10% of Home Buyer Tax Credits It's pretty clear that a large number of home buyers may not understand how the first-time home buyer tax credit works. A disturbingly high percentage of filers trying to claim...

Why You Should Care About Hard Money Loans Lots of unsuspecting homeowners have no idea that when they refinance mortgage debt, they could be turning what was once considered purchase money into hard money loans. This is especially true...

Foreclosure Discounts Tracked The online foreclosure giant, RealtyTrac, has found a way to track the average discount on foreclosures. Nationally, the average discount is 34% for a foreclosure as compared to the prices...

National Home Sales Down, California Home Sales Up The National Association of Realtors reports that existing home sales fell nationally in May over April, and are down -2.2%. However, California existing home sales went up 14.1% in May...