A real estate sale where the sale price is less than what the seller still owes to the lender via the mortgage loan.
In other words, the seller will sell the home for less than what he or she owes to the lender, and the lender will agree to accept this amount from the homeowner and "forgive" the remainder still owed. That is the basic definition of a short sale in real estate terms.

Is when you apply for a secured loan in order to pay off another different loan secured against the same assets, property etc. If this original loan had a fixed interest rate mortgage which has now declined considerably, then you would like to avail of a new loan at a more favorable interest rate.

I will analyze the current market conditions, recent sales, and expired listings to give you a realistic assessment of your home’s value and recommend some proven strategies for preparing your home for sale.

There are a few general rules of thumb that I can guide you through. Eliminating your fear, uncertainty and doubt is clearly one of my primary goals.

• Begin your home search process by eliminating what type of homes you do not want. Look at all styles and sizes of homes. Shopping online is a great way to help determine what your “ideal” home is.
• I will help you figure out how much home you can afford. Determine whether this purchase will be for a ‘starter’ or ‘long-term’ home? This will help determine what type of mortgage is best suited for your needs.

I will provide you with the information you need to make an educated decision. And interest rates are low right now, indicating it is truly a great time to buy!