David Monroe's Real Estate Blog

November 2013 - Posts

• How Do Real Estate Agents Get Paid?

  Where Does That Real Estate Commission Really Go? Many people outside the real estate industry have a perception that real estate agents take home large commission checks each time they sell a property. Often times when I've spoken to someone who Read More... Posted Tuesday, November 26, 2013 11:53 AM by David Monroe | 1 Comments Filed under: Real Estate Fee, Real Estate Commission

• Short Sale and Foreclosure Waiting Periods

  Performing a short sale can be stressful time in a homeowner's life, and when additional financial distress is involved, it can sometimes be difficult to see the light at the end of the tunnel. Financial distress that results in foreclosure can also Read More... Posted Thursday, November 21, 2013 10:37 AM by David Monroe | 3 Comments Filed under: Foreclosure Waiting Periods, Short Sale Waiting Periods

• ONE YEAR Waiting Period for FHA Loans After Short Sales

  The FHA recently changed its post foreclosure and post short sale waiting period from three years to one year for eligible borrowers. Their new "Back To Work-Extenuating Circumstances Program" reduces the waiting period for people who had a Read More... Posted Thursday, November 21, 2013 10:05 AM by David Monroe | 6 Comments Filed under: FHA, Foreclosure Waiting Periods, Short Sale, Short Sale Waiting Periods