Team Thayer Real Estate Blog

Short sale! This is where the bank forgives a portion on the loan in for a lump sum payment from the sale of a house. Over the last 6 months I have seen the short sale get easier as banks and REO company's are getting loaded down with the amount of  defaults.  I have been able to get rid of all o...

We have been seeing record numbers of foreclosures, record numbers of bank repos and record numbers of short sales.  Homeowners are faced with rising mortgage payments when their once low adjustable rate mortgages reset and climb.  A short sale has been a common answer to losing a home through fo...