Real Estate

Condo for sale in New Albany Village condominiums in Westerville, Ohio. Marketed by Kristie Garner, Century 21 Joe Walker and Assoc. 1-800-346-2100

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The Red Stag Lodge is located on Deer Valley drive just steps away from Deer Valley Resort and the Snow Park Lodge. Featuring world class skiing, over 100 ski runs, and summer activities, including the Deer Valley summer concert series. The Red Stag Lodge is minutes away from famous Park City Main Street, Jordanelle Reservoir, shopping and dining. The Red Stag Lodge is the only fractional ownership property in Lower Deer Valley. All of the benefits of owning a home or condo in Deer Valley are yours, with a much lower cost of ownership. Lower acquisition cost, plus no maintenance, cleaning or troubles. The Red Stag Lodge is a turn-key getaway opportunity, where the owners and their guests are allowed to have the Deer Valley experience without any hassles. Ownership at the Red Stag Lodge includes usage for you and your guests of these luxurious amenities: Airport Shuttle Service Morning Breakfast Owners Lounge Heated Parking Garage Ski Locker Room/Storage Fitness Center Heated Lap Pool Hot Tub Steam Room Sauna Concierge Deer Valley Shuttle Service Business Center Wireless Internet 2 Conference Room Executive Kitchen and Dining Room For more information on this fantastic property please contact the Tom Wood Team RE/MAX Mountain Properties at 435-602-9855 Visit our Website www.ParkCityHotBuys.com ** As Seen on www.ParkCityWeek.com! ** ******************************************** Background music by www.ShirleyCason.com

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I have no problems paying my mortgage and actually have money in the bank and another home that is worth more than I paid for it.

Problem is, my condo I just bought in 2008 is worth less than I purchased it for – I’ve lost even more than my downpayment on it.

My sister tells me that so long as I never refinanced the original loan on the condo (which I haven’t), I can just stop paying the monthly mortgage on my condo and let it foreclose. It would hurt my credit, but she says the bank can’t touch any of my other assets to recoup their losses.

Is this true? Also, could and would the bank opt to do a short sale on my condo instead? If I had a second mortgage on my condo, could I still get away with doing this?

I’m just curious. I’m probably not going to do this since basically the tax payer would have to cover my losses instead of me but I would like to know my options just in case.

Thanks.
Condo is in California.
Condo is in California.

It depends on your mortgage.

A "non-recourse" mortgage does not allow a bank to pursue you for the deficiency while a "recourse" mortgage does.

2nd mortgages are almost always "recourse" loans I believe.

Remember, most financial advice given by friends,family or co-workers is only wrong about 90% of the time.

Please visit http://BankOwned.SPFlorida.com to see all Naples Foreclosures, Naples Foreclosed and Bank Owned homes for sale in Naples Florida. No sign up required, all information updated daily!

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Stoneybrook is a private gated community featuring a variety of real estate opportunities. This development has single family homes, villas, and condos of different floor plans, and lots. These properties are placed throughout smaller neighborhoods in Stoneybrook. This gives home buyers the opportunity to select a new home that really suits their needs. This community has more to offer than beautiful real estate, there are many amenities to keep residents active. Stoneybrook residents enjoy in-line roller hockey rink, basketball court and horseshoe pits, soccer and baseball fields, bocce ball, playground, activities clubhouse with exercise room, fitness rooms, crafts rooms, card room, jogging trail, tennis courts, pool and cabanas, and aqua driving range. The par-72 golf course was designed by Gordon G. Lewis and Jed Azinger and features 7 sets of tees. If you would like additional information on a new home in Stoneybrook, please contact our realty office.

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The city of Bonita Springs Florida offers a variety of Bonita Springs Communities which are also called Bonita Springs Developments or neighborhoods. Many towns in Southwest Florida have more gated communities than general neighborhoods. Bonita Springs developers did this so that they could protect the property values and have control over what could be built in those Bonita Springs communities due to open zoning in the county. On this site you can search by a Bonita Springs Development’s name or view the list of communities in Bonita Springs which provides a community description and real estate for sale.

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Short Sale Homes for Sale in Irvine-http://www.leslieeskildsen.com In this video you will hear how these patient buyers waited 8 MONTHS to close on the purchase of this Short Sale home for sale in Irvine. Sami and Reza began their search for a home to buy in Irvine in December of 2008. When they saw this great Irvine condo, they just knew it had to be theirs! We made an offer on June 19, 2009. Theirs was first offer to purchase the Irvine condo that the seller received and the only offer the listing agent submitted to the bank. And Sami was required to open escrow and deposit $2,000.00 to hold her first position interest in the property – a very smart move. Even though it took 7 months for bank approval, and the bank asked her to increase her offer, we got it done and Sami closed escrow today, February 26, 2010.

What’s the moral of this story for other first time home buyers in this super competiive and confusing Irvine real estate market? Here’s what I would suggest:
1. Know what you want
2. Know what you can afford to pay
3. Be tireless in your pursuit – it often pays to be the first offer submitted. Stay on top of the new listings
4. Stay in constant contact with your Realtor – be honest, thorough, and detailed in all your communications with your Realtor – this is the only way we can help you get your dream home, just like Sami!
5. Call me! Let’s work on finding and BUYING your dream home in Irvine (or Mission Viejo, or Aliso Viejo, or Coto de Caza, or Rancho Santa Margarita, or Ladera Ranch – any of the great South Orange County communities!)

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Here is the situation:
We are owning a condo 2bed/2bath that we bought back when prices were fairly reasonable.
Now I got a job offer in a different city where my salary is gonna be better. But if we bought another condo or even a home the salary improvement would be hardly noticeable and we’d almost be struggling again. So I’m thinking we should just rent in the new city again and put the profit of the condo sale in the savings and then just work to save up even more. And in a couple of years when we have a nice amount of savings I’d look back into buying a place. My employer even offers renting discounts. But my better half doesn’t think renting is a smart move and he really wants to own… And also we really liked the city we are living in right now but he thinks if we sell now, we’ll never be able to afford to live here again.
So what do you think? Please elaborate your answers. Thank you so much!

we were in the same situation. we lived in a dif town and we had a nice house. we sold it when my husband found a job here and moved to a different town. we decided to rent for a year to give ourselves time to buy something we really liked. good thing as he got another new job and we moved again. this time, we did a lot of looking around and we would never have been able to afford a house comparable to the one we had in the first place. anything even remotely comparable was always in bad parts of town on needed so much work that it was almost uninhabitable. i think you are doing teh right thing. real estate markets are very varied from town to town and you want to be sure you get the best deal for your dollar. real estate markets are also very overinflated. good luck.

http://www.EliseKalles.com View 100s of Toronto homes and condos, Toronto Luxury Homes, MLS Listings of Luxury Homes and condos For Sale in Toronto Ontario. Elise Kalles MLS Toronto Luxury home builders. Toronto homes and condo
http://www.HarveyKalles.com

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Bank Approves $580k- see today
2 Cute little remodeled homes in the secret neighborhood between UH and Waikiki.

David Nash (RA)-The Oahu Agent.com
Professional Real Estate Agent on the Island of Oahu in Hawaii!
808 271 2223 mobile
Altera Real Estate

2 Minute Vlogs about the Hawaii Real Estate Market.
5 minute professional videos of condos, homes, neighborhoods, and events for people interested in Hawaii real estate.
Looking for a home or condo? I am happy to go and capture it for you and post it here and on my webpage:

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