Short Sale Process

Ok, so now you know what a short sale is and you are probably wondering, “what’s the next step?” Well there are a couple of significant steps involved in the short sale process. Let’s discuss the six major steps to successfully conducting a short sale.

Step #1 – Understand your options and know what you are getting into 

Let’s start out by saying a short sale is not a good solution for everyone! If you have enough cash to cover the shortfall between your mortgage balance and your sales price, it may make sense to come out of pocket and proceed with a traditional sale to salvage your credit instead of conducting a short sale. If your

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Right now might be a very trying time for you and your family. If you are facing difficulties and are behind on your mortgage, thinking about how you are going to make your next payment, or your lender has contacted you about foreclosure, don’t lose hope! There are several options available to you, including a potential short sale.

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For a brief explanation of what is a short sale, turn your volume up and view the above minute and a half informative video about short sales.

In a nutshell, a short sale (as your lender views it) occurs when you sell your home for less than what is owed. Therefore, the lender comes up short of what is actually owed to them. That’s pretty much what a short sale is! 

Now, you can’t just put your

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Can someone please tell me what is going on with the Atlanta home market? Doesn’t anyone want or need to move these days? Demand is growing but supply is ridiculously, low. In fact, Atlanta’s housing supply is currently only 2.9 months. That means that if no more listings came on the market, it would take about 2.9 months to sell all of them. In a normal stable Atlanta market, the supply is roughly twice that at 6 months. Just five years ago the market peaked with 13.8 months of supply and it was a crazy buyer’s market! That’s not the case, today.

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There is good news and there is bad news to all of this. The good news is if you are a person with a home or a condo to sell, chances are it is going to go relatively fast once it hits the market and

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Edgewater condos in Destin Florida

So you’re thinking about taking some money out of your stock portfolio or primary residence, as an equity line, and you’re wondering where to put it? Hmmmmm. Well, I’ll tell you, the panhandle of Florida has become an increasingly attractive investment for people all over the south due to its easy accessibility, relatively affordable real estate (when compared to other parts of coastal Florida), and significant rental potential. Over the last 10 years, I have gained quite a bit of insight into the beach real estate gig, having purchased property myself and having helped clients buy investments and second homes. Throughout my investigations, I have discovered several attributes and factors that will affect whether your condo or

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The Majestic Sun in Destin, Florida

If you’ve been thinking about investing in a second home or rental property, now is the time to pull the trigger. Most economists believe that the real estate market has bottomed and with what appears to be a slow recovery in the works, you may be in for slow but steady price growth over the next several years. For the last 3 to 4 years, beach property has precipitously fallen in price, however, we are starting to see an uptick in, both, demand and price.

Check out these Detached Single Family sales statistics for the Destin and Panama City Beach areas. As you can see, the numbers are encouraging. 2013 is showing greater inventory, more sales, higher sales prices, fewer days

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