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Prized A. Quincy Jones Home Returns to Market at Nearly Twice the Price

Prized A. Quincy Jones Home Returns to Market at Nearly Twice the Price | Real Estate | Scoop.it
A prized Beverly Hills home designed by A. Quincy Jones has returned to the market at nearly double its previous price.
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Short Sale Vs Foreclosure -San Jose Real Estate

Are You Behind On Payments or Owe Greater Than Your Property Is Really worth? These details Short Sale vs Foreclosure may help you sleep better at night. If you are like many homeowners, you never planned on missing a mortgage payment. It just happens. You miss one payment, and then one more, and one more. Before long, you owe thousands of dollars and have no way to pay the large sums which are overdue There are numerous ways to avoid foreclosure. Or, you may still be making your repayments however you have an "upside down" or "underwater" mortgage (also called negative equity), all terms to describe when you owe greater than the existing market value of your house. You're not the only one - many home owners have negative equity due to the condition of the housing crisis which has caused most san jose real estate prices to drop year after year. If you're behind on payments or owe more than your home is worth, lenders (bank who owns your home loan) are ready to give you practical alternatives in order to prevent foreclosure.. This is just a brief sample of the numerous options to short sale vs foreclosure addressed in this report. The recommendations and procedures for every option change rapidly to handle the volume and needs for every bank and in every state. OPTION 1: Foreclosure If you do nothing, you will probably face foreclosure from your lender (bank who owns the home loan). If you cannot make your payments and don't look for help, the lender has the right to foreclose on the property and auction it to recover its investment from the proceeds of the sale. OPTION 2: short sale vs foreclosure A short sale consists of selling your home for less than you owe on the loan. That is why it's called selling short sale. However, if you can get acceptance from the lender to sell your san jose real estate for below the amount owed, you will avoid foreclosure and the related effects. A short sale versus Foreclosure is generally not granted by the lender until you have a valid hardship and no belongings. But if you qualify, banks would instead do a short sale since it lowers legal charges and they end up netting more money when the home is sold. A short sale versus Foreclosure does have its own complications that you will need to know before undergoing the procedure, and a your credit will be affected from either situation. But a short sale has far less implications compared to a foreclosure. For example, with a foreclosure it could be at least five years before you can qualify to purchase another house; however, with a short sale you can qualify in two to three years. Here's the really bad news - if your san jose real estate cannot be sold for the full amount of what you owe, a "deficiency judgment" may be issued against you for the unpaid balance of the loan. A foreclosure and deficiency judgment can really have an impact on your credit and the ability to qualify for a loan for years in the future. In some instances it can also prevent you from getting a job. In case you are facing a hardship and feeling like foreclosure is the only thing that you can do, now is NOT time to stress and panic. Instead it's time to check out more options making the best decision. Doing nothing or making a poor decision can be harmful for a long time. A foreclosure will cost thousands more than just the loss of your home, therefore it is necessary you continue to check out your options and consult with a professional who knows the actual answers to your queries. Interested in finding the best foreclosured property ? Check out This is where you can get you private list FREE to discover how to earn thousands. Visit our Yes Get a Property from 30 to 50% below market Click here to start today.


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jeide1758q's curator insight, May 31, 2013 2:56 AM

Are You Behind On Payments or Owe Greater Than Your Property Is Really worth? These details Short Sale vs Foreclosure may help you sleep better at night. If you are like many homeowners, you never planned on missing a mortgage payment. It just happens. You miss one payment, and then one more, and one more. Before long, you owe thousands of dollars and have no way to pay the large sums which are overdue There are numerous ways to avoid foreclosure. Or, you may still be making your repayments however you have an "upside down" or "underwater" mortgage (also called negative equity), all terms to describe when you owe greater than the existing market value of your house. You're not the only one - many home owners have negative equity due to the condition of the housing crisis which has caused most san jose real estate prices to drop year after year. If you're behind on payments or owe more than your home is worth, lenders (bank who owns your home loan) are ready to give you practical alternatives in order to prevent foreclosure.. This is just a brief sample of the numerous options to short sale vs foreclosure addressed in this report. The recommendations and procedures for every option change rapidly to handle the volume and needs for every bank and in every state. OPTION 1: Foreclosure If you do nothing, you will probably face foreclosure from your lender (bank who owns the home loan). If you cannot make your payments and don't look for help, the lender has the right to foreclose on the property and auction it to recover its investment from the proceeds of the sale. OPTION 2: short sale vs foreclosure A short sale consists of selling your home for less than you owe on the loan. That is why it's called selling short sale. However, if you can get acceptance from the lender to sell your san jose real estate for below the amount owed, you will avoid foreclosure and the related effects. A short sale versus Foreclosure is generally not granted by the lender until you have a valid hardship and no belongings. But if you qualify, banks would instead do a short sale since it lowers legal charges and they end up netting more money when the home is sold. A short sale versus Foreclosure does have its own complications that you will need to know before undergoing the procedure, and a your credit will be affected from either situation. But a short sale has far less implications compared to a foreclosure. For example, with a foreclosure it could be at least five years before you can qualify to purchase another house; however, with a short sale you can qualify in two to three years. Here's the really bad news - if your san jose real estate cannot be sold for the full amount of what you owe, a "deficiency judgment" may be issued against you for the unpaid balance of the loan. A foreclosure and deficiency judgment can really have an impact on your credit and the ability to qualify for a loan for years in the future. In some instances it can also prevent you from getting a job. In case you are facing a hardship and feeling like foreclosure is the only thing that you can do, now is NOT time to stress and panic. Instead it's time to check out more options making the best decision. Doing nothing or making a poor decision can be harmful for a long time. A foreclosure will cost thousands more than just the loss of your home, therefore it is necessary you continue to check out your options and consult with a professional who knows the actual answers to your queries. Interested in finding the best foreclosured property ? Check out This is where you can get you private list FREE to discover how to earn thousands. Visit our Yes Get a Property from 30 to 50% below market Click here to start today.

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Sacramento CA buzz real estate presents the newest listings in the area

Sacramento CA buzz real estate presents the newest listings in the area | Real Estate | Scoop.it
The Local Buzz makes it easy for you to see a variety of real estate listings in the Sacramento CA area. Showcasing land, condos, resale & foreclosures.
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Ex-Monarchs star says foreclosure broke California law - Sacramento Bee

Ex-Monarchs star says foreclosure broke California law - Sacramento Bee | Real Estate | Scoop.it
Ex-Monarchs star says foreclosure broke California law Sacramento Bee Attorney General Kamala Harris championed the law, and numerous real estate tracking firms have cited it as the reason for a dramatic decrease in foreclosure activity throughout...
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Ex-Monarchs star says foreclosure broke California law - Sacramento Bee

Ex-Monarchs star says foreclosure broke California law - Sacramento Bee | Real Estate | Scoop.it
Ex-Monarchs star says foreclosure broke California law Sacramento Bee Attorney General Kamala Harris championed the law, and numerous real estate tracking firms have cited it as the reason for a dramatic decrease in foreclosure activity throughout...
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