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Foreclosures and Short Sales


Home loan professional Rob Spinosa of www.themortgagedictionary.com explains how to buy a foreclosure or short sale property. Foreclosures and short sales are both considered distressed properties, but purchasing and financing either of them is not entirely understood by most. This video contains the definition of “What is a short sale?” and “What is a foreclosure?” but we also cover the terms “underwater” and “REO” or “real estate owned.” If you are wondering how to buy and take a mortgage on a foreclosed home or short sale home, the fundamentals and tips are provided here. With any home loan application, there is also a pre-approval process and Rob explains the income, asset, credit and appraisal requirements you can expect. For more information or to begin the pre-approval process, contact Rob Spinosa at rspinosa@rpm-mtg.com or by phone at 877-270-5959. Rob is a mortgage banker at RPM Mortgage in Mill Valley, California, just north of San Francisco. He is able to assist anyone in the state of CA, and can be found on social media platforms as below www.facebook.com www.youtube.com www.linkedin.com www.twitter.com
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