I have a few neighbors in the North Conway area. One of them I will refer to as Ted. Ted has had some rough times this past year and has decided to walk away from his home because he can no longer afford the mortagage. It was not an easy decision but one he pondered for quite a while before acting on his choice to give up his house and move away. Chances are you may hear of, or know, a couple of Teds yourself. He is not alone and we are seeing people like him more frequently. With a few exceptions, there is little he could have done. However, I want to talk about those exceptions. (more…)

If you open the paper these days, you are bound to see announcements advertising foreclosure auctions. You have probably even heard a story or two about someone who has gone to an auction and gotten an amazing property for a steal. You may be thinking about it yourself. Here’s what you need to know if you are interested in foreclosure auctions… (more…)