I am a real estate investor – fix & flip, buy & hold and wholesale houses – and a licensed PA Realtor®, soon to be licensed in NJ too. I live and breathe real estate! If you ask my husband, I probably talk about this stuff way too much. So here is an outlet for me to talk about real estate without talking his ear off.
So, why do I love real estate?
Slipping toward foreclosure can lead to feelings of anxiety, depression and loss of self-esteem, but there are options available to help millions of homeowners rescue themselves from the brink. It is crucial to act before a foreclosure takes place, so moving quickly and working with an expert in the field is critical.
A homeowner is “short” when they owe an amount on the property that, when combined with closing costs and commissions, is higher than the current market value. A short sale occurs when a negotiation is entered with the homeowner’s mortgage company or companies to accept less than the full balance of the loan at closing. A buyer closes on the property and the property is sold “short”.