You were so excited to buy your home and everything seemed perfect -- until your financial troubles set in. Maybe you got a divorce, lost a job or had a medical crisis in the family. Whatever the issue, your mortgage suddenly became more than you could handle, and you started looking for a way out of your situation. The home goes back up for sale.
Are you ready to get out of the real estate game? If you're getting ready to sell off your investments and retire, it's smart to plan ahead to make the sales process as simple as possible.
If a contractor or subcontractor provided materials or labor for your home improvement project or remodel, they naturally expect to get paid.
The New York City real estate market is hitting a slump -- and that may make it harder for sellers to offload property that they no longer want or can afford to keep.
How can you make your home ownership dreams a reality if you don't have enough money for a down payment or don't have a great credit rating? Owner-assisted financing is one option.
Old liens on a property are kind of like bad pennies -- nobody seems to know how to get rid of them, and they have an annoying habit of turning up when you least expect them.
Despite the proliferation of online aids for homebuyers, realtors still largely retain control of the market -- and their 6% average commission is usually split between the seller's realtor and the buyer's realtor.
Real estate sales in Manhattan have been in a serious slump -- for quite a while. Sales fell for the sixth quarter in a row, making that the worst record in the area's history for the last 30 years.
A lot of people end up losing their homes to foreclosure. Sometimes, a job loss or a sudden disability makes it impossible for someone to keep up with the mortgage. Sometimes, a marriage falls apart before there's enough equity in a home to sell it successfully, and neither spouse can afford to handle the mortgage payments alone. Sometimes, the price of real estate in an area just falls through, and borrowers feel compelled to walk away from mortgages that have put them underwater.
What's the best thing to do when you're behind on your mortgage payments and facing foreclosure?