There are signs of hope in the American economy in 2012 so far – unemployment is down and the economy is still growing, to name two – but in terms of the domestic real estate market, foreclosures are still having an impact on housing prices. Data released recently indicate that the sale of foreclosure listings [...]
Tag Archives: short sales
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 [...]
No Job…And a Mortgage: Why Not Try A Short Sale?
September’s Bureau of Labor Statistics employer survey paints yet another gloomy picture: the unemployed can plan on remaining jobless for an average of 40.5 weeks. That’s a 10 percent increase over the statistics at the beginning of 2011. If you are among the 14 million unemployed Americans, and you have a mortgage to pay, you [...]
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 [...]
Non-Distressed Property Sales Are Shrinking, Say the Numbers
The real estate market has had its share of ups and downs (mostly downs for homeowners) over the last decade, but now the housing market may actually be shrinking. Numbers released yesterday reveal that nearly one-third of all home sales in the United States from April to June of this year were distressed properties, which [...]
6 Tips On How REO Agents Can Avoid Legal Trouble With Foreclosure Properties
Experts are predicting that real estate foreclosures will continue to rise through 2012. Unfortunately, with that rise comes an increase in foreclosure fraud and the potential for REO agents to find themselves in the middle of damaging litigation. To avoid legal trouble when working with multiple foreclosure properties, here are some valuable tips on how to [...]
Five Signs You may be Ready to Purchase your First Home
For many individuals, the idea of purchasing a home is a bit of a scary prospect. However, with the right tools and plenty of knowledge, you can move forward and become a homeowner.
An Advanced Understanding of the Dayton Ohio Foreclosure and Short Sale Process
The Dayton Ohio Foreclosure and Short Sale Process can often be confusing and hard to understand. This article is intended to offer an in debth understanding of how Short Sale and Foreclosure process works in the Dayton, Montgomery and Miami county Ohio area however much of it is applicible throughout the country. If you or someone you know in the Dayton Ohio area is behind or about to be behind on mortgage payments it is important you know all your options before rushing to a decision. More articles on the topic can be found at http://www.GregGreenwald.com
Selling It Short
Dave Liniger, Chairman and Cofounder of RE/MAX International recently published an article titled, “Selling It Short” in DS Magazine. The article is a report card on Short Sales in general and where he thinks we’re headed in 2011. Dave focuses on three major areas; avoidable problems, untrained agents, and good ideas. “…it’s time for avoidable [...]
Calculating Income for a Short Sale is There a Dual Standard?
December 23rd was the frustrating end to a five-month attempt to complete a short sale. We listed the property in July and executed a contract in early August. While we worked the package with both lenders, our first buyer walked. We quickly found a new buyer who was more than willing to wait for us [...]
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 [...]
Short Sale and Foreclosure Fraud in Los Angeles
We’ve all seen them. The signs on billboards, on TV or the Internet, on fliers pasted to telephone poles, or the ones you see stuck in the ground on it seems like just about every intersection: “Stop foreclosure now!” “We can save your home. Guaranteed. Free consultation.” “We stop foreclosures every day! Let our team [...]
Short Sales, HAFA, and You!
HAFA, the much talked about Home Affordable Foreclosure Alternatives goes into effect tomorrow, April 5th, 2010. HAFA is actually a supplement to an existing government loan modification program known as Home Affordable Modification Program (HAMP). The basic idea is this: the HAFA program is supposed to allow a borrower who has gone through the HAMP [...]
Will HAFA Supplemental Directive 09-09 eliminate short sale investor flips / quickturns
I recently posted on this blog the following article Short Sale Heaven Coming April 5th 2010 . Out of it came several interesting comments including a post from an gentleman who sharply disputed my comments let me know that I’d “been schooled.” I delayed replying because I thought further discussion of the subject of the [...]
No One Promised it Would be Easy
I read a blog about door knocking for short sales and many said they wouldn’t do it! Agents went on to say it was old school, it was not with the times, and it was rude? Hey….If you don’t knock, who will answer. This takes me to discussions about short sales and talk of an [...]
Frequently Asked Questions on Short Sales
A short sale is when the Lender/Bank agrees to accept less than they are owed, commonly known as a short payoff. Short Sales can be difficult to complete and quite confusing. To help you to better understand the Short Sale Process, we have completed a list of commonly asked questions along with information we need [...]
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Rob@Jupiter Real Estate: In Florida we have many condos located on oceanfro...
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Larry: It should almost be a necessity to have a swimming...
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New Media 4 Agents: I think we are past the stage of wondering if it w...
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Jim Wagoner: Good information we all should try to live by....
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Mike Pannell: Tony, i tried to sign my Wife up on your property ...
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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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