While we are seeing an increase in “traditional” transactions, the majority of the houses we inspect lately are short sales or forclosures. So how did we get here? And what can we do about it? My friend and Real Estate Broker Marian Anthony has published a book that answers all the questions surrounding the current real Short Sale Rush estate environment. In his book “Short Sale Rush” Marian goes through the history of what lead to the current real estate crash, what can be done to avoid a repeat, and what homeowners can do if they are faced with losing their home. The book answers so many questions. There are chapters on Non-Performing Assets, Short Sale procedures and Hard Money Lending to name a few. And it has a great “frequently asked questions” chapter which answers many questions such as:
What is a short sale?
Will I have to pay taxes on the amount of the loan the lender loses?
What is the difference between a recourse and a non-recourse loan?
What happens to my credit with a short sale or foreclosure?
How long until I can buy another house?
This book really is a must-read for anyone interested in real estate today. Whether you are a homeowner facing
the reality of short sale or forclosure, an agent who wants to help people sell or buy a short sale, or just someone who wants to cut through the “noise”, you need to read this book. It is a short 124 pages packed with information. I highly recommend this book for agents, homeowners, or anyone who wants to understand the current real estate environment. I learned stuff I never even considered! It is available at www.amazon.com. Marian Anthony is the CEO of Anthony Realty Group in Carlsbad, California.