Marie Souza’s Cape Cod Blog

Here are this weekends Open Houses on Cape Cod

Click here for Open House details

The meeting to discuss the upcoming Town Sewer Project, expected to impact the Lake Wequaquet & Stewarts Creek Areas first, is scheduled for 7:00pm, June 25 @ the Barnstable High School.

Here are this weekends Open Houses on Cape Cod

Click here for Open House details

Are you looking to buy a new home? Are you thinking that now’s a great time to find bargains? Before you make an offer, it pays to know a little about the seller’s situation.If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. Many more home owners are finding themselves in this situation due to a number of factors, including job losses, aggressive borrowing against their home in the days of easy credit, and declining home values in a slower real estate market.

A short sale is different from a foreclosure, which is when the seller’s lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure. But a short sale holds many potential pitfalls for buyers. Know the risks before you pursue a short-sale purchase.

You’re a good candidate for a short-sale purchase if: Read the rest of this entry »

Here are this weekends Open Houses on Cape Cod

Click here for Open House details

If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won’t cover your total mortgage obligation and closing costs, and you don’t have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title of your home through a lengthy legal process and then sells it.

1. Consider loan modification first. If you are thinking of selling your home because of Read the rest of this entry »