Sellers who are “upside down” often try to sell their house by themselves through various FSBO methods. However, a short sale with a Realtor can usually get the house sold even if the seller can’t afford to pay a Realtor commission. “Upside down” or “underwater” means there is more owed on the house than the house is worth. Lenders understand that sellers are upside down on their mortgage and they encourage short sales. In a short sale, the lender accepts an amount SHORT of what is owed so the seller can avoid foreclosure. Who Pays the Commissions and Closing Costs? Answer: The Seller’s Lender The seller’s lender DOES NOT WANT TO FORECLOSE. It is too risky and costly for the lender. The lender does not want to own the house, they would rather settle and take what they can, even if they ... 10/31/2010

  Is this a strange August or what?  Lots of rain so far this month and the grass is green, for now. Great news for the horse and farmers alike.  The drought last year caused the price of hay to go through the roof, if you could find some. But this year I know some property owners who can't give theirs away. This should help the local economy to keep some prices down. A barrel of oil closed yesterday at $118 and gasoline is at $3.65 in Shelbyville today.  The time for buying from the local farmers is here! We should all consider going to the local farmers market instead of the grocery giants.     08/07/2008

Thanks to the warmer weather the market is moving. Signs are going up and so are the buyer's interest.  Shelby county Ky has cheaper fuel prices than all other areas near Louisville, $3.19 a gallon. That sounds so ridiculous since it was a dollar chaeper last year. Where or where does the extra money go? Buying in Simpsonville is a benefit for fuel prices if you drive slower.  Not too many people are slowing down even with the high fuel prices, has anyone else noticed this?Adam BordersKW East 03/21/2008