Providing you with the knowledge and tools needed to succeed with Short Sales.
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Posted by Mary Margaretich on January 30, 2012 at 2:54pm 0 Comments 0 Likes
My seller ended up getting $30,000 from Chase and $3000 in moving incentive from HAFA program. Wonders never cease.
Posted by Rhonda Duffy on January 30, 2012 at 10:03am 2 Comments 0 Likes
Wow! I am loving Wendy and Brian and the information! We have done a ton of short sales but this is good stuff!
Posted by Rhonda Duffy on January 30, 2012 at 10:02am 1 Comment 0 Likes
Hi Everyone,
What are the current lender credits available to Sellers?
Posted by Rhonda Duffy on January 30, 2012 at 9:23am 1 Comment 0 Likes
Hi Everyone,
We have had some success with a simple underwater mortgage hardship. I am still hesitant to let that be the only hardship with folks. Any advice?
Thanks in advance,
Posted by Marcy Moyer on January 29, 2012 at 10:44pm 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 Cupertino. So here's what happened:
Single family and condo townhomes :
Total sales: 453
Short Sales: 21
REO: 11
Distressed sales as a percentage of total sales: 6.8%
Compare to 2010
Total sales: 844
Short Sales: 31
REO: 33
Distressed sales as a percentage of…
ContinuePosted by Bryant Tutas on January 29, 2012 at 8:12am 0 Comments 0 Likes
Posted by Richard Zaretsky on January 27, 2012 at 10:35pm 2 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 “…
ContinuePosted 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 …
ContinuePosted 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…
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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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