Since 2007, 8.9 million homes have been lost to foreclosure and millions more are headed in that direction. As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, my mission is to ensure that you or anyone you care about does not add to that ... Continue Reading » about Resolve to Face the Facts!
Sellers
The Art of Negotiation
In my mind, a successful negotiation is not where one side has pulverized the other. You don't "win" a negotiation; you get the best possible outcome for your clients while doing the least harm. No one should leave a negotiation angry. After all, you never know when you might have to negotiate with ... Continue Reading » about The Art of Negotiation
Short Sale vs. Foreclosure?
You make the call! I get the question from people all the time: short sale or foreclosure, which is the better option? My knee-jerk reaction is always “Are you kidding? Short sale, of course!” This has been mostly because I was always under the impression that a short sale, although still a ding ... Continue Reading » about Short Sale vs. Foreclosure?
Your Ticket to Freedom from Mortgage Frustration
In the news, there is talk of a housing recovery. Experts feel more optimistic about the state of housing industry in America. However, if you or someone you know is one of the millions of homeowners who is stuck with a home on which you owe more than the property is worth, the feeling of ... Continue Reading » about Your Ticket to Freedom from Mortgage Frustration
3 Reasons the Term “Strategic Default” Is Misleading
In a recent study, the Chicago Booth/Kellogg School Financial Trust Index found that a full 36% of Americans would consider “strategic default”—another term for walking away from your mortgage—if they were underwater (owed more on their home than what it was worth). Now that more than one in four ... Continue Reading » about 3 Reasons the Term “Strategic Default” Is Misleading
Is Your Mortgage out of Balance with your Budget?
It can happen quickly. An expensive car repair, an unexpected hospital visit, a missed week of work – just a few little things and the life you’ve worked so hard to build can feel like it’s tipping dangerously out of balance. Once the scales turn against you, it can feel like it is impossible ... Continue Reading » about Is Your Mortgage out of Balance with your Budget?