This is an all to common question being asked today. To keep things as simple and short as possible, I am not going to go into the details of these transactions; rather I am only going to give you my way of explaining these terms when someone asks me this very question. A short sale [...]
Posts Tagged as ‘mortgage’
June 21, 2009
What is the Difference between a Short Sale and a Foreclosure, and how will it affect me?
June 10, 2009
How Did We Get Here…
2001-2005; United States housing bubble 2001: US Federal Reserve lowers Federal funds rate 11 times, from 6.5% to 1/75% 2002-2003: Mortgage denial rate of 14% for conventional home purchase loans is half of 1997 – as quoted from the Federal financial Institutions Examination Council or FFIEC 2002: Annual home price appreciation of 10% or more [...]
