Bud Gragg

Underwater Mortgage Solutions: What Is a Short Sale?

Before we talk about short sales as a solution to your underwater mortgage, we want to give you a quick primer about the alternatives. That way you can compare short selling to the rest of the options you have when you're faced with an underwater mortgage... Read >

Underwater Mortgages: The Inside Story

So how did so many American homeowners end up with underwater mortgages? Let us tell you a little story . . . In the beginning, there was the Clinton administration. And that administration, and the Congress that went along with it, told the banking i... Read >

Home Short Sales: What They Are, How They Can Help

When you're looking at an underwater mortgage or are having the kind of financial difficulties that are pretty common in this economy, home short sales are one way out. In a short sale, your mortgage lender agrees to let you sell your house and agrees... Read >

Looking for a Simple Short Sale Definition? Here It Is!

The easiest short sale definition is that a short sale is a situation where your mortgage lender agrees to let you sell your house with the stipulation that, once the house is sold, your business agreement is fulfilled. In other words, you won't hav... Read >

Short Sale Training Boot Camp for the Underwater Mortgage Homeowner

Before you start down the long road of doing a short sale to get out from under your underwater mortgage, there are a few things you need to learn and other things you need to do. Don't worry—we know you'll be able to get through this. We're both Real... Read >

Short Sale? Foreclosure? Options for the Underwater Mortgage Holder

Given the housing market, we're not surprised if you've just found out you've got an underwater mortgage. Right now 24% of all homeowners are in the same boat as you, with one in ten of them owing 25% more than their homes are worth! So what are your o... Read >

What to Do before You Try a Home Short Sale

Before you go to your lender to negotiate a home short sale, you need to be prepared. Most lenders haven't gotten it through their sometimes-thick skulls yet that short sales actually save them money over their costs not only in foreclosures but also what... Read >

Dealing with the Bank on Your Underwater Mortgage Short Sale

When you've found out you're in an underwater mortgage and you're having financial troubles, the bank is the last thing you want to deal with, isn't it? Sadly, the bank is the first thing you're going to have to deal with. For what it's worth, though, ... Read >

There Is Nothing Short about a Short Sale

You may think that a short sale is about selling your house in the shortest possible amount of time. But, when it comes to time, there's nothing short about a short sale! Think about it. Mortgage lenders currently have an inventory of 1.1 million forec... Read >

Short Sales 101: What You Need to Know

In today's housing market, short sales are just starting to look better to lenders, and the federal government has even chipped in with a program to speed them up. But what are short sales, and how can you use a short sale to avoid foreclosure when you're... Read >

Underwater Mortgage Foreclosure Options— Yes, You Have Them and Here’s What They Are

It can be rough finding out that you've gotten stuck with an underwater mortgage. For more than 20 years, Americans have been making housing decisions based on the advice of experts who told us that investing in our own house was the way to the American D... Read >

Pre-foreclosure and You: Making Lemonade out of Lemons

Even when you know you're going to come out of the other end OK, being in pre-foreclosure and then moving on to foreclosure can be tough. You're walking away from the money you've already put into your house, after all, as well as walking away from an inv... Read >

How Long Can I Stay in My House and Other Underwater Mortgage Questions Answered

When you first find out you've got an underwater mortgage, anxiety is a natural response. After all, you were counting on that house for your retirement, and suddenly you need to look at how to get out from under it before you get bled dry! But don't w... Read >

The Underwater Mortgage and the Cash-Strapped Homeowner

If the recession already has you strapped for cash, the last thing you want to find out is that you're one of the 24% of homeowners who are stuck with an underwater mortgage. After all, your house was supposed to be a good investment against hard times... Read >

Underwater Mortgage Advice: The New Financial Rules of Home Ownership

When you're facing an underwater mortgage you're facing a situation where none of “the rules" matter that much anymore. What rules are we talking about? We're talking about the rules that say that you must always pay your debts, no matter what. We'... Read >