Archive for July, 2011

Are comps for a condo for sale, used from the condo complex only, or from neighborhood condos as well?

nearby properties of similar description are also used, especially when there are few recent sales within the target complex. adjustments for size and difference in features are generally made.

Renting an condo that’s now a short sale?

I’m renting a room from someone whose condo is in short sale. My name is not on this property at all. She claims this won’t affect me for quite some time as she’s not going anywhere for at least a year. Any thoughts about how long i actually have left to live [...]

I want out of my condo and into a new home. Please advise best way to accomplish.?

I have a condo I’ve been in since 1998. Like many, I’m upside down. I owe about 130k and it’s worth MAYBE 60k. I’ve never been late 30 days on it. I make about 70k/yr and my payment is about $670/mo now as I did qualify for a remod last year [...]