REAL Talk with ROBERT ALDANA

What's the best deal in real estate today? Short Sales. No kidding....

In this market, there are properties flying off the shelves with offers as soon as they are listed in many instances. In fact, I took a listing last night around 9pm and when I woke up this morning I had an all cash, over asking price offer at 6:45am in my email. Affordable properties are hot right now with prices AND rates being low. So low that the monthly payments are even lower than rent.

So with all these homes being snatched up what are the best deals out there? Try short sales. In case you have been away from the real estate market for the past couple of years, a short sale is a sale of a property where the loan balance is higher then what the property is worth. Lenders are doing them more than ever because they want to avoid costly foreclosure and eviction procedures. In this scenario, everyone wins because the lender gets rid of the property, the seller gets the property sold without having a foreclosure on their record and the buyer picks up a great deal. Short sales are not fun and not easy, but if you have the patience and do your homework, a short sale could be a good option for you. Always see a CPA or Attorney to see if there are consequences in short selling your home.

Modify Your Own Home at NO COST - We'll Show You How

Dear Friends,

As you know, I have been in the real estate industry for over 23 years as a licensed real estate agent. Throughout the years I thought that I had seen it all. I have sold homes, assisted families with their mortgages and for the past almost 2 years I was also assisting families in modifying their home mortgages.