Providing you with the knowledge and tools needed to succeed with Short Sales.
Started by Timothy Dutch in Short Sale Discussions. Last reply by Joseph Alfe 14 hours ago. 3 Replies 0 Likes
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Posted by Richard Zaretsky on January 27, 2012 at 10:35pm 0 Comments 0 Likes
In a briefing by Credit Suisse this week, the financial giant’s opinion was that reducing principal balances of underwater mortgages is a risky idea that has not been shown to keep underwater borrowers from later defaults. In my practice as a Florida real estate lawyer, that opinion flies in the face of borrower sentiment. The guiding force in the Credit Suisse statement seems to be the “…
Continue Posted by Lauren Michaels on January 26, 2012 at 1:43pm 0 Comments 0 Likes
Since we (the buyers) started this endeavor in July (2011), we've pushed the foreclosure date 4 times, had countless negotiations with the bank and just this month we FINALLY came to an agreement with them. A verbal agreement that is. It's been 3 weeks and we still haven't received anything in writing so we pushed the foreclosure a 5th time. Is the bank just pushing it so they can keep sitting on this contract and eventually just say no? How long does it typically take from a verbal contract…
ContinuePosted by Wendy Rulnick on January 25, 2012 at 6:43pm 0 Comments 0 Likes
This Church Street home in Santa Rosa Beach Florida was originally purchased as a short sale in 2009. For the second time, it is being sold as a short sale, just approved by J.P. Morgan Chase. The mortgage was backed by Ginnie Mae, and was a …
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Posted by Joseph Alfe on January 24, 2012 at 9:00pm 0 Comments 0 Likes
Short Sale Road Rules: Getting Buyer and Seller on Same Page
One of the most neglected, and yet, most important part of a successful short sale is getting both buyer and seller on the same page. This may stem from the traditional way of thinking on a traditional “retail” sale: It’s “Us against them.” This does not apply to short sales, and if you can over come this mentality, your closing success will…
Continue Posted by Gloria Handley on January 24, 2012 at 1:49pm 0 Comments 0 Likes
Does anybody have any information out there on Aurora? I need the name and/or number of a supervisor or escalation department.
Thanks so much,
Gloria Handley
Homelight Realty and Management
Gilbert AZ
Posted by Marcy Moyer on January 22, 2012 at 11:40pm 0 Comments 0 Likes
It's the beginning of the year so time for the round-up of last year's distressed property sales in Santa Clara. So here's what happened:
Single family and condo townhomes :
Total sales: 816
Short Sales: 184
REO: 116
Distressed sales as a percentage of total sales: 37%
Compare to 2010
Total sales: 818
Short Sales: 162
REO: 133
Distressed sales as a percentage of…
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Posted by Bryant Tutas on January 22, 2012 at 8:25am 0 Comments 0 Likes
Posted by Bryant Tutas on January 21, 2012 at 1:30pm 0 Comments 0 Likes
Hi folks. Do You Want To Close More Short Sales?…
ContinuePosted by Stephanie Greenberg on January 20, 2012 at 6:01pm 2 Comments 1 Like
Hi Superstars! I received a call today from the Bloomberg News asking about a comment I left on one of the lender sites and he is writing an article about lender contributions on short sales. I was excited to hear that he found my comment/post on this site. I know lenders google us and probably hit this site alot also.
Good work and thank you Wendy and Bryant for the site!…
ContinuePosted by Wendy Rulnick on January 19, 2012 at 5:55pm 0 Comments 0 Likes
One of the biggest sources of confusion I find with Eglin Air Force Base HAP sales from the seller comes at closing. First, if you don't know what HAP is - it's the Homeowner Assistance Program from the Department of Defense. It's designed to help military members who have permanent change of station orders (PCS), and are "upside…
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REGrow, LLC does not necessarily endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. REGrow, LLC takes no responsibility for the content on these pages that are written by the members of this community.
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