A short sale is an agreed upon sales transaction that occurs when the value of a home falls below the amount outstanding on the mortgage loan For example, suppose a property was purchased for $400,000 and the buyer secured financing for $350,000

Hindsight is 20/20 We can look back upon the last several years leading up to the housing market's implosion and see a few obvious cracks in its foundation

For years, it was common for people to buy homes that offered far more space than they would realistically need - even with kids Young couples would buy 2,500 sq

Over the last several years, short sales have received a substantial amount of attention This type of transaction is done when the seller owes more on his or her mortgage than the value of the property

When buyers look at homes for sale, they are often under the impression their real estate agents will suggest a reasonable price Most realtors will avoid doing so, which can understandably frustrate their clients

The decision to buy an old home versus a new one used to be simple for most people The choice was usually dependent on budget and style (with a strong emphasis on budget)

Santa Fe, New Mexico is quickly becoming one of the top destinations in the southwest While Santa Fe is not as populated as some of the southwest's other cities, it is quickly becoming a hot spot for both retirees and young people as well

San Diego, California is one of the nations most intriguing cities It offers people a glimpse of the future to people who do not live in this very progressive area

San Diego, California is quickly becoming a difficult city to find an open home in With its beautiful weather, close vicinity to the ocean, and wonderful residents, it truly is no surprise that homes are quickly being snatched up by people who love the atmosphere and want to make it their permanent home

New Orleans, Louisiana is one of the United State's most culture rich destinations Not only does the big easy teem with culture, but home prices are very affordable, and the entire city is the midst of a large revitalization effort