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Short Sale vs Bankruptcy?

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Shadow Inventory is piling up while Foreclosure sales dip

Short Sales and negative equity will continue for a couple more years

This staggering 50 to 1 ratio of 90 days or more delinquent properties and those currently in foreclosure vs. distressed sales is the latest estimate of Lender Processing Services. The mortgage and real estate technology company compiles a monthly mortgage monitor report.

 LPS reports that more than a third of distressed borrowers in foreclosures haven't made a payment in more than TWO YEARS!

LPS says foreclosure sales are actually declining, with huge drops of 79% in New York and 75% in New Jersey, for example.

"Negative equity also remains a concern, with nearly 30% of current loans in a negative equity position," according to LPS. "The equity impact on new seriously delinquent loans is significant, with loans significantly underwater defaulting up to 10 times as much as loans with equity."

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New Listing: 670 West Road Waterboro, ME

Lovely Country Cape with In Law apartment for extra income or relative! Beautiful landscaping, greenhouse, 3 outbuildings on 5 serene wooded acres!Walk out basement can be finished. Peaceful, easy Maine living!

$249,000 Priced to sell

 

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New Prices on 2 great Maine short sale Listings

338 Rocky Dundee Rd Buxton

$239,000!!! 3 acres of pure country Maine just outside Gorham!

79 Payeur Circle Sanford, Maine $249,000

(wow!!! 4500 sq feet, great neighborhood, down street from Sanford Country Club)

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Video: Buying vs Renting explained

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Special Short Sale Listing Offer – $100 gas card upfront!

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HUD owned home: 25 Cushing St Brunswick, ME(new price $108,000!)

 lg 2000 plus SF with hardwood flrs, tall ceilings,two stairways to 2nd flr, 3 bedrooms and walk up finished 3rf flr, two story attached barn in the back, forced hot air heat,1 full bathroom on 2nd flr,front covered porch.

 

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About the Free Bank Owned property list…

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Important changes to Short Sale disclosures!

Marty Macisso discusses the new changes by the MARS rules and how it affects the seller!

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1673 Washington Ave Portland, ME – a North Deering dream!

Finally, a No. Deering Cape in move-in condition! This 3 BD sunny, open concept, hard wood floor design features 2 refurbished full baths w/tile floor, large soaking tub and glass shower. HUGE backyard w/ large deck,Det garage, fin basement!!!

$239,000

Create your own video slideshow at animoto.com.

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