There are five key factors to consider in determining if a short sale is the right strategy for DFW homeowners: equity, house value, homeowner’s individual financial situation, the lender’s flexibility, and impending foreclosure. Length of ownership: Seven years is generally the tipping point. Until then, the homeowner probably hasn’t built up sufficient equity to pursue a … Continue reading Factors to Consider for a Short Sale in Dallas
There are several reasons why short sales fail. Here are some common situations that can make the process challenging for a short sale agent: Divorce or Separation Many couples who are separated or divorce are not on good terms nor will agree to cooperate to help the other with the sale. Do not take a … Continue reading Reasons Why Short Sales Fail
Many real estate professionals, including investors and agents, in the DFW area have creative solutions to help homeowners avoid foreclosure. Although some are legitimate and very successful, you should always be caution to avoid a scam. Read this article from the Dallas Observer about the massive mortgage scam that affected more than 70 homeowners … Continue reading Dallas Foreclosure Scam
Recent updates from the IRS have recently shaken major markets across the board. The 2018 Federal Tax Reform, which includes new limits on itemized deduction and mortgage interests, is also projected to have significant reverberations in Texas’s real estate sector. The most substantial changes are in the tax brackets and rates, particularly on property taxes. … Continue reading How the 2018 Federal Tax Reform Affects Texas Homeowners and Buyers
Listen to Melody Medley on the Note Closers Show with Scott Carson! http://weclosenotes.com/ep-333-short-sales-in-todays-real-estate-market-with-melody-medley
Attention Real Estate Agents in the DFW area: You are invited to join us in Frisco on Tuesday, September 25th at 1pm for a 2-Hour CE course on Short Sales! This a great opportunity to network with other local agents and learn all about short sales. RSVP is required, please email Ellen.Day@stewart.com
Are you looking for a new home? If so, have you considered all your options at length? More often than not, when picturing your new home, you envision a well-disposed, serene, neatly furnished and superbly designed dwelling. How can you get exactly what you want in your new home? Should you go for a move-in … Continue reading Move-In Ready Vs. Fixer-Upper: Which One to Buy?
In this article I really want to clear up a lot of confusion and misconceptions about the foreclosure process. A lot of times people see the word “Foreclosure” and stress out thinking that if they don’t pay off their loan, or catch up the loan, there are no options. Real estate agents sometimes think that if … Continue reading Truth About Being on the Foreclosure List
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 … Continue reading Advantages of a Short Sale Over A Foreclosure
Receiving a notice of foreclosure from the bank can be a terrifying experience for a homeowner. Many people quickly will go into panic mode, frantically beginning the search for a new place to live as they lament the damage that a foreclosure will do to their credit history. If you have received a foreclosure notice, … Continue reading What Do I Do if I Receive a Foreclosure Notice?
A Short Sale is when a lender is willing to accept less than what is owed on the loan. Even then, short sales continue to be very misunderstood. Here are some of the most common myths regarding short sales. 1) Myth: A short sale is not possible on a second home or investment property. Fact: If the homeowner … Continue reading 4 Short Sale Myths Busted
There are 6 essential steps to buying your first home: Understanding what is involved with a mortgage Explore mortgage options Shopping for the right mortgage Understand homeowner's insurance Find the right house and make an offer Submit the mortgage application and close Check out the details from our friends at The Simple Dollar - https://www.thesimpledollar.com/first-time-home-buyer-loans/ Remember … Continue reading First Time Home Buyer Guide