“7 Years of Bad Luck”
Today’s Date: January 31st 2016
Here in the year 2016, I realize that life and times have really changed in America. I was thinking about my friend Bill today. I remember back in 2010 how he came to me one day when he found himself between a rock and a hard [...]
http://www.finance-commerce.com/article.cfm/2010/01/12/Foreclosures-short-sales-fuel-2009-home-sales-in-Twin-Cities
“Mortgage foreclosures and short sales accounted for nearly half of all Twin Cities housing sales in 2009″
Short sales should continue to be very big in 2010. The timing is right to do a short sale. It’s expected up to 43% of all sales from 2009 from local housing was from foreclosures and short sales.
“Prior to [...]
http://www.nytimes.com/2010/01/10/magazine/10FOB-wwln-t.html
If you read this NY times article you’ll see that, for some, they have to wait up to 60 years to regain their equity, so some decide to do what’s called a strategic default, and just walk away because they feel it’s in their best interest.
Home sellers are starting to do voluntary defaults. This article [...]
