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What are the chances of buying real estate again after a foreclosure?

The answer to this question does not have any clear cut and dry answer.  There are quite a few variables involved when trying to figure out when someone will be able to purchase a home after a foreclosure or short sale.  Much will depend on the circumstances that led you to foreclose; generally it can take anywhere from two to seven years.  Of course it also depends on how you have maintained your...

What to know before renting out my Mammoth Lakes property?

Clients visiting our office often ask for a list of “all available properties.”  The first question I ask is to determine whether they will be renting out the property.  Only some areas within the Town of Mammoth Lakes are zoned transient rentals (check the town’s website). Many people are not aware most single family homes cannot be rented out on a nightly basis.   This narrows the search...

What is the difference between a short sale and foreclosure?

Whether you’re a seller in the middle of a real estate problem or you're searching real estate listings as a potential buyer, it's important to know the difference between a foreclosure and a short sale. Foreclosure is a far worse fate than a short sale if you are the seller, but as a buyer of a distressed property, a short sale is often the more difficult process to wade through. A property that has...

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