Do We or Don’t We Have An Agreement?

Tentative agreement reached? Haven’t we heard this before? A few news sources are reporting that a bailout bill agreement has been tentatively reached between congressional leaders and the White House.
From the Wall St Journal
“Senate Majority Leader Harry Reid (D., Nev.), in an appearance on the Senate floor Saturday, said there are only a “handful of issues [...]

One of Country’s BIGGEST Banks goes Belly-Up

I’m sure you have heard the news…
Daily Real Estate News | September 26, 2008 WaMu’s Home Loan Biz Led to Bank’s Failure
The Federal Deposit Insurance Corp. seized Washington Mutual Inc., one of the country’s biggest banks, and then sold the Seattle-based thrift’s banking assets to JPMorgan Chase & Co. for $1.9 billion.
Because of WaMu’s heavy mortgage-related losses [...]

To Buy or Not to Buy?

That seems to be the million dollar question. If I had a “gazillion” dollars, I would buy what I could in my area. Hold for the long-term. The Emerald Coast is the most glorious place in the U.S.A.! I thought prices were good last year and they have since dropped further. Short sales and foreclosures [...]

Short Sale vs. Foreclosure Sale

I’ve had a lot of people ask me what the difference is between these 2, so I thought I would help clarify…
Question #1: Short Sales versus Foreclosure Sales – What is the difference between a Short Sale and a Foreclosure Sale?
Answer: Foreclosure – “The legal process in which a mortgagee (lender) forces the sale of [...]