Clients often ask me what the difference is between a short sale and a bank owned home or REO so I thought that it would be helpful to bullet point that for your information. In a short sale situation the home owner is still the seller whereas with a bank owned or REO home situation the lender is the owner of the property. Home Buyers will NOT … [Read more...]
Archives for May 2012
San Diego Refinance Rates
Why Refinance? Homeowners refinance for different reasons, but the process of refinancing a mortgage should result in some benefit to the homeowner. Borrowers may choose to refinance to obtain a lower interest rate and a lower monthly payment, or change the type of loan that they have. Some homeowners refinance to 'cash out' and take advantage of … [Read more...]