| How do you really feel about foreclosures? |
| Most savvy house hunters know that foreclosed homes are a hot topic in today’s market. In fact, real estate addicts are looking now more than ever before - searches for foreclosures on Trulia.com more than tripled in the first quarter of 2008. |
| But, that doesn’t mean that home buyers are comfortable with the process. Trulia commissioned Harris Interactive for our latest and greatest foreclosure survey, which told us that while consumers see the potential value in foreclosures, the vast majority are worried about hidden costs and a confusing process.So, we scoured Trulia Voices to find a panel of foreclosure specialists across the country to provide some advice. Here’s part one of our two-part foreclosure special edition. |
| Three foreclosure tips to put your home buying fears at rest |
 Make inspections mandatory |
| Minimize hidden costs by planning a professional inspection. Don’t be afraid to get a second opinion. Think you’ve got hidden costs? Check out this buyer’s problem. |
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| Avoid pre-stage |
| The pre-foreclosure/short sales stage is typically not the most profitable. You could wait weeks or even months for an answer from the lender. Find out what one buyer learns about foreclosure prices. |
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| Talk to experts |
| Make an appointment with an experienced foreclosure agent. Don’t be afraid to ask a lot of questions. Especially if you are a first time home buyer like this house hunter. |
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| Want more foreclosure tips? Stay tuned for part two of the Trulia foreclosure tips special edition. |
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blog, Foreclosure tips, home buyers, home owners, real estate, real estate agents, Trulia
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June 2nd, 2008 at 5:27 pm
Nice new theme! Was wondering why I was getting all these pingbacks from old Trulia posts. This explains it.
I’m sure you’re already working on it, but your header logo is lying on top of the original theme header. (well actually, I think your logo is UNDER the original header. Likely your header.php file needs a little tweak.
Ain’t Wordpress fun?
June 2nd, 2008 at 5:44 pm
Hi Jay!
New Theme went live last week. I don’t see what you are talking about? What browser are you using? Can you please email me a screen? Thanks. And yes, I love Wordpress
June 2nd, 2008 at 6:43 pm
Well it’s not there now, I swear it was before on Firefox. If I see it again, I’ll snag a shot.
I almost exclusively read via Reader, so I missed the change. Looks great!!
June 2nd, 2008 at 7:15 pm
It was probably cached. Glad you like the new theme
June 12th, 2008 at 12:57 pm
Most people leap before they look when it comes to foreclosures because they think CHEAP and DEAL. But extensive due diligence is even more important when it comes to a foreclosure and they aren’t always great deals.
Jonathan Christopher of Short Sale Way
August 19th, 2008 at 1:27 am
Well, the fact is that many people get stuck by thinking they can either make money from a foreclosure when the fact is the market is tanked. It will take a few years to turn anything around and most are in it for the short term - but there are some gems out there. Dale
August 20th, 2008 at 7:23 pm
Hi Dale, thanks for your comment. If you have any examples or just want to share you knowledge, we’re always on the lookout for industry experts. Just let us know!
Elain
October 16th, 2008 at 8:07 am
Hi!
I am Beth Hickey and I am from Done Deal Solutions - a company whose owners have over ten-years combined experience helping homeowners who are experiencing difficult times with their mortgage obligation.
We have worked with a lot of homeowners in foreclosure and have been able to stop the auction and keep it off their credit report.
A short sale may be an answer when the proceeds of a real estate sale fall short of the balance owed on the property. A short sale typically is executed to prevent a home foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. For the home owner, the advantages include avoidance of having a foreclosure on their credit history. In short, a short sale is nothing more than negotiating with lien holders a payoff for less than what they are owed.
How do I benefit from a short sale?
A short sale helps to relieve the stress of being in foreclosure. You can get rid of your big mortgage payment and move on with your life while ending the harassment from your lender. The homeowners that we have helped are tremendously thankful to be relieved of the burden the foreclosure has caused.
A short sale also prevents additional damage to your credit. Some late payments have already done some damaage to your credit, however a foreclosure will do much more damage and lower your credit score.
Also it is important to note that we provide our short sale service for free.
Feel free to contact me at beth@donedealsolutions.com or call me at - 602-956-2274