Sunset Strip Realty

Facing a Foreclosure: Is a Short Sale the Solution? If you’re faced with the daunting task of having to cut your losses and leave your home due to rising costs, adjustable rate mortgages, or simply the need to downsize, taking the “short sale” route may be and option worth considering. When you find that your home is ...

  Short selling one's home is an option more people are deciding on as home prices keep falling, and the threat of foreclosure seems very real.  However, many consumers are finding it difficult to find real estate agents who are willing to take on the prospect of helping them sell their homes. Realtors get paid commission ...

 Though many people aren't overly familiar with the term, "short selling" has been around for a long time.  Basically, short selling one's home means they're willing to sell the home for less than what it's worth.   There are two main reasons someone would want to do this.  The first is to get ...

So, what is a short sale? A short sale is a way of selling your over encumbered property. Many people find themselves with property that they purchase in 2004-08 at market price and now find that they actually owe more than what it’s worth. Most have seen a significant drop in value.  So what are your ...

Thoughts About Short Selling If you’re having problems with your mortgage payments and can’t get the banks to renegotiate with you, an option you might have would be to sell your home at a much reduced rate from what it’s worth, especially if other homes in your neighborhood have lost their worth also. This is known as ...