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News and information you can use about Martin County Real Estate, home sales and purchases.
Recent Posts Tagged With 'foreclosures'
Myth Busting – Foreclosures and Short Sales
When a homeowner faces default on their mortgage, there may be two options: foreclosure or short sale. Foreclosure can be devastating, both emotionally and financially. A short sale, or one in which the lender accepts a selling price less than the ...
When Less Is More
If you are a homeowner who can no longer make your monthly mortgage payments, you still have opportunities to avoid foreclosure and the damage it would do to your credit. Although more complicated and more challenging, a "short sale" may prove to be...
An Offer They Can’t Refuse
In real estate investment, one person's misfortune is another's opportunity. Indeed, with so many foreclosed properties on the market, buyers are poised to take advantage of a literally once-in-a-lifetime chance at investment or ownership. Every oppo...
An Ounce of Prevention
If you're planning to go bargain hunting, you are likely to come face to face with a special challenge: the long-vacant home. Many of these properties have been foreclosed, and now rest in the hands of the bank. The owners are long gone.While the g...
Learn Before You Leap
Although there is still speculation regarding the overall health of the real estate industry, there are signs that we are nearing the bottom of the market. If you are considering a purchase, either as your primary residence or strictly as an investm...
Opportunity Knocks
There are some desperate sellers out there, but perhaps none so desperate as banks. That's right - banks that own foreclosed properties are anxious to get them off their hands. After all, their business is lending, not property management. If you are...
What is REO?
Occasionally homebuyers will look at a property listed as REO, a term that might be a bit puzzling.REO stands for Real Estate Owned and refers to the inventory of real estate that banks and mortgage companies own as a result of foreclosure.Since REO ...
IT’S TIME TO GET “REO”!
What comes around goes around, and bad news for sellers has a flip side for buyers. Those ready to make a purchase can take advantage of some great deals, including “REO” properties. If you're unfamiliar with that term, it simply stands for "Re...
