Article by: Brent C. Diefenderfer The York County Tax Claim Bureau has published notice that the Judicial Sale will take place on June 20, 2013 at 9:00 a.m. If your property is on this list, it is important for you to understand that if you do nothing before the sale, that you will likely lose your property. The Judicial sale is distinguishable from the “Tax Upset Sale” that occurs in the fall every year because at the judicial sale, properties are sold “free and clear” of mortgages and other encumbrances. The properties are sold in order that the County’s municipal… read more »
Underwater Homeowners… Get A Life Raft
Article by: Brent C. Diefenderfer The travails of the housing market in recent years are well documented. The prevalent symbols of this downturn are the “underwater” homeowners, who owe more on their mortgages than their homes are worth. About 4.6 million such homeowners have mortgages backed by Fannie Mae or Freddie Mac, and fully 80% of those owners haven’t missed any mortgage payments. One way out of the predicament of the underwater owner is the short sale, in which the owner sells the home for less than the balance remaining on the mortgage. It is not a perfect solution that… read more »
