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 on the property. This is not a new practice; banks have been doing short sales for years. Only recently, due to the current state of the housing market and economy, has this process become a part of the public consciousness. Read on...
New study about homeownership and its effect on children.
This is an interesting read. Homeownership is typically a more "permanent" residence than renting an apartment is. That's got to be a big factor in having a positive effect on children
Note, there is nothing wrong with renting and there are legitimate reasons to do so such as not being ready to settle down or having difficulty raising a downpayment. This article is being shared to make those considering buying a home feel more confident in their decision.