This Market Update is brought to you by the experts at the ShortSalesASAP group, who specialize in short sale negotiations, marketing and sales here in San Clemente . This article will report the statistics for Active for Sale and Sold standard listing properties, as compared to short sales. Currently, there are 191 detached homes listed [...]
Tag Archives: Short Sale
Laguna Niguel Short Sale Condos report.
This article for standard sales and short sales for attached Condos in the City of Laguna Niguel . This report is brought to you by the realtor experts at the Short Sales ASAP group, who are #1 in short sale property sales in Orange County. Currently, there are a total of 83 attached condominiums listed [...]
When to Start a Short Sale
A popular question in the short sale world: I need to short sale my home, when do I start the process? Quick Answer: Sooner the better. We, the professional real estate community, have done a horrible job of educating the general public about the short sale process. Many of the clients I have, have never [...]
Taking the Mystery out of Short Sales
What exactly is a short sale? You hear that term a lot on the news, but what exactly does it mean, and how does it work? There are two reasons why banks are willing to grant a short sale. The first is hardship (unemployment, divorce, medial emergency, death, bankruptcy). The second is when the seller [...]
Understanding the Short Sale Process As A Buyer
As a buyer in today’s market, you’re bound to see numerous short sales and foreclosure properties. Deciding on buying a short sale vs. foreclosure is a difficult decision. On one hand, a foreclosure is quicker, but on the other hand they may need a lot more work to be livable. A short sale can take [...]
Short Sales Properties: The Second Best Deal
With the current status of the real estate market there are great investment opportunities that can be found across the country. However, where do short sales fall? Are there better investment opportunities out there or are short sales your best bet? According to RealtyTrac, homebuyers are definitely taking advantage of the real estate investment opportunities [...]
Phoenix Home Buyer Foundation Program
PHOENIX HOME BUYER FOUNDATION PROGRAM Helping families rebuild the foundation after suffering from a foreclosure or short sale. What is Phoenix Home Buyer Foundation Program? Phoenix Home Buyer Foundation Program was founded on the idea to assist people in purchasing a home again and help stabilize home prices in the Phoenix community at the same [...]
Been There, Done That: Tips for Short Sale & Foreclosure Buyers
Despite what the name suggests, the process of buying short sale properties is anything but short. In contrast, the process can be long, averaging from three to six months or more. However, buying a home in short sale; when a property is sold for less than the outstanding mortgage(s) can sometimes mean big savings for [...]
Tax Lien before closing…
Tax Lien before closing and everyone is lost.
The Boondoggle that is HAMP – thanks for the help DC
The beat goes on….all of the “special committees”, the federal involvement in FNMA, the “investigations” and “inquiries” into fraud and time bomb loans… and the hundreds of millions of dollars (or billions by now)….and what to show for it? Abysmal performance of Home Affordable Modification Program (HAMP) and a combative stance that essentially mandates struggling owners to destroy their credit before a lender will speak to them.
Atlanta and Other Cities Targeted by Sovereign Citizens – more nuts to mix
Atlanta and many other metro areas are struggling with vacant foreclosed and bank owned homes. Vandalism is not uncommon, break-ins and squatters are seen on a fairly regular basis. Now Atlanta is becoming a playground for “sovereign citizens” – and they are being charged with stealing millions of dollars of property.
When Can I Buy A Home After A Short Sale-Foreclosure-Bankruptcy?
Purchasing a home for Inland Empire residents after a bankruptcy, foreclosure or short sale can be a very frustrating. Most people do not even know how long one must wait before entering the housing market. Documentation is the key to avoiding a frustrating experience for the first time home buyer or even the season home owner. [...]
Foreclosures Before the Clean Up
Many buyers are convinced that foreclosures are the way to go – lenders are willing to drastically cut prices just to move inventory. Buyers however, often lack a clear understanding of the process and what “as is” really means. Being an appraiser specializing in distressed homes gets me inside right after lenders take them back, and what I see never fails to amaze me. I’m also amazed at how little buyers really understand about the hazards of foreclosure properties.
What are the most problematic issues with short sales?
If you are working with buyers and lenders on a short sale, there may be some lender imposed conditions that you may find troublesome, but any deviation from you following the terms of the estoppels letter or short sale agreement can jeopardize the purchase. It is very important that your clients follow the rules and [...]
Staying in tune with changes to the HAFA and HAMP Guidelines Part 1 New Policy Update
Home Affordable Foreclosure Alternatives (HAFA program) –NEW Policy Update In this article we will review some of the updates applied to the HAFA program, we will be highlighting these two sections. Following articles will include a look at the other updates made to this program. Knowing what the servicers know better arms you to fight [...]
Staying in tune with changes to the HAFA and HAMP Guidelines Part 4 New Policy Update
Home Affordable Foreclosure Alternatives (HAFA program) –NEW Policy Update Monthly Gross Income Vacant Property Release of Subordinate Liens Timing for Issuance of Short Sale Agreement Timing for Response to Alternative Request for Approval of Short Sale Real Estate Brokerage Commissions Alternative Deed-in-Lieu Programs *in article Borrower Notices *in article Retroactivity *in article Alternative Deed-in-Lieu Programs [...]
Atlanta #3 in Foreclosure Activity for 2010
Metro Atlanta is the number 3 major nationwide city for foreclosure activity in 2010, with a 21 percent bump since 2009, according to a report released Thursday. Only the Houston and Seattle areas rank ahead of metro Atlanta in the number of reported foreclosure activity, according to RealtyTrac Inc.
Using the FHA 203K Streamline Mortgage to Finance your Dayton Ohio Home
Utilizing the FHA 203K Streamline mortgage a Dayton Ohio home buyer can obtain a mortgage with a minimal down payment and up to $35,000 thousand dollars in rehab and or repair expenses. With so many Dayton Ohio bank owned properties (aka REO’s) available makes an excellent opportunity to not only get a fantastic price on a home but update it how you would like creating lots of equity. Visit http://www.greggreenwald.com for more information about the Dayton FHA 203K Streamline mortgage.
Short Sales 101 Anatomy of a Short Sale Part 2
The easiest way to understand the Short Sale process is to think about qualifying for a mortgage. When you apply for a mortgage, the lender reviews your recent bank statements, pay stubs, tax returns, etc. to determine your ability to repay the mortgage. When you apply for a Short Sale, it’s like undoing a [...]
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Carmen Brodeur: Very interesting! I better go buy more wrinkle cre...
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Ria Grace: What is good of having custom home is that you can...
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Patrick: A great online property management forum is agents...
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Kyle Pearce: Unfortunately, in every industry, there are some w...
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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