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5 Myths About Buying A House For “Pennies On The Dollar”

Posted by Matthew Boreen on Friday, 10 June 2011 in Real Estate One Stop Shop Blog

Pennies On The Dollar RealtyTrac.com CEO Reports “The lack of understanding can foster foreclosure myths that are dangerous both for homeowners who want to avoid foreclosure and buyers interested in purchasing a foreclosure.”

Walking into the real estate market in today’s conditions to buy a house may leave you with many unanswered questions. Television, newspaper, Internet articles, and even so called real estate gurus are telling you this is the time to buy houses for “pennies on the dollar”. What most buyers do not understand is that getting huge discounts on properties may be farther from the truth than what they are led to believe.

What does it mean to buy houses for “pennies on the dollar”?

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How A Short Sale Can Save A Home From Foreclosure

Posted by Matthew Boreen on Thursday, 12 May 2011 in Real Estate One Stop Shop Blog

Right now the real estate market has been and is in the process of changing every week. There are new laws, rules, and regulations regarding people that are in need of a short sale. Within the last few years since the real estate boom, home sellers have found themselves in situations where they may owe more than what their home if worth.

There are many reasons why someone may be in the situation they are in and no longer able to afford their monthly payments. Changing interest rate, drop in housing prices, job loss, and divorce just to name a few. There are options right now for home sellers that may be in any of these situations.

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