Credit Convalescence I know don’t know that there’s a firm rule of thumb out there — ultimately, individual lenders decide to make a loan or not based on individual circumstances — but there are some conventions as to how long it takes a would-be borrower to rehabilitate their credit after a short sale. The consensus?...Read More
Too-Good-to-be-True Real Estate Come-On’s Combine an (over)heated housing market, scarce inventory (at least at the lower price rungs), and a shaky economy in which lots of consumers have still-battered credit, and what do you get? Home-made signs (like the one to the right) on telephone poles promising would-be home Buyers their pick of hundreds of...Read More
Unrealistic Buyers, Exhibit A; or “The Contract for Deed Catch-22” I fielded a Web lead the other day from a very nice gentleman looking for a larger (over 2,000 FSF) town home near the lakes in move-in condition. For under $250k. Where the town home association rules allow an 80 pound dog (he had one)....Read More
