Bonnie Rooney's (rooneyrealestate) Blog

What Happens in a Short Sale   A "short sale" refers to a situation where the owner of the home does not have enough equity in the property and not enough cash or liquid assets to be able to sell the property, pay off liens and selling expenses (e.g., closing costs, property taxes, transfer taxes...

Why Rent When You Can Buy?  Turning the dream of homeownership into a reality can be both exciting and daunting at the same time. Many renters don't realize they have the means to purchase their own home or the benefits of homeownership as compared to renting. Whether it's building equity or gett...

1. Are You Ready? 10 Steps to Home Ownership!     Step 1 of 10         Knowledge and experience are the keys to successful real estate transactions. REALTOR.com® contains an enormous amount of valuable information, and such data -- combined with the expertise, experience and training of local RE...

  Foreclosure Basics: Foreclosures, Short Sales and REOsby Diane Kennedy On the face of it, foreclosures, short sales and REOs look like the same thing: someone can't pay their mortgage and is losing the property to the lender. They are attractive for investors looking to pick up a property for ...