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Short Sale vs Foreclosure – 10 Common Myths Busted

August 2, 2012

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See on Scoop.it – Resources for home buyers in Wisconsin It’s likely you’ve heard the term “short sale” thrown around quite a bit. But what, exactly, is a short sale?   A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose […]

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New rules for short sales handled by the five largest mortage servicers

March 19, 2012

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  The five largest mortgage services are adopting new rules for servicing short sales. This should be a welcome addition to a lengthy and unpredictable process.  The new rules are a result of a settlement with State Attorneys General and detailed information can be found here at Housing Wire. According to a REALTOR Mag article, […]

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Short Sales becoming less popular with First Time Home Buyers

November 7, 2011

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Keys

Short Sales among first time hombuyers declining Buying a home for the first time is an exciting experience.  In a “traditional” home buying process, your agent will guide you through the steps to get you safely to closing and the timeline is pretty typical.  Imagine buying a short sale as your first home.  Normalities go […]

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Short Sale lesser of two evils

October 4, 2011

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short sale

Many homeowners have seen their values go down due to the recession. Home values are cyclical and will come up again, but what if you are in trouble and need to move now even through your home value is down? If you’ve lived in your property a long time, you will now likely take less […]

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Buying a foreclosure or short sale in Wisconsin? This post is for you.

July 19, 2011

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5525 Carr Street (12)

Foreclosures and short sales can be complicated processes – whether you are on the buying or selling end.  To help you navigate through your situation, it is recommended you work with a Wisconsin real estate agent experienced in foreclosures or short sales. What is the difference between a foreclosure and a short sale? A foreclosure […]

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