January 2012 Blog Posts (29)

Los Altos Hills Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in Los Altos Hills. So here's what happened:

 

Single family and condo townhomes :

Total sales:  97

Short Sales: 4

REO:            6

Distressed sales as a percentage of total sales: 10.3%

Compare to 2010

Total sales:   81

Short Sales:   5

REO:            1

Distressed sales as a percentage of…

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Added by Marcy Moyer on January 31, 2012 at 8:35pm — No Comments

Los Altos Distressed Property Update 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in Los Altos. So here's what happened:

 

Single family and condo townhomes :

Total sales:  353

Short Sales: 4

REO:            3

Distressed sales as a percentage of total sales: 2%

Compare to 2010

Total sales:   354

Short Sales:   6

REO:            3

Distressed sales as a percentage of total…

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Added by Marcy Moyer on January 31, 2012 at 7:54pm — No Comments

Update on Chase deal

My seller ended up getting $30,000 from Chase and $3000 in moving incentive from HAFA program. Wonders never cease.

Added by Mary Margaretich on January 30, 2012 at 11:54am — 1 Comment

Really Enjoy Wendy and Brian's Webinars!

Wow!  I am loving Wendy and Brian and the information!  We have done a ton of short sales but this is good stuff!

Added by Rhonda Duffy on January 30, 2012 at 7:03am — 2 Comments

Current Lender Credits Given to Sellers

Hi Everyone,

What are the current lender credits available to Sellers?

Added by Rhonda Duffy on January 30, 2012 at 7:02am — 1 Comment

Underwater Mortgage Lenders

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,

Added by Rhonda Duffy on January 30, 2012 at 6:23am — 1 Comment

Cupertino Distressed Property Watch 2011

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…

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Added by Marcy Moyer on January 29, 2012 at 7:44pm — No Comments

Newsletter: Does The Seller Have To Be Delinquent To Do A Short Sale?

This Week's Popular Discussions…

Christopher Pendleton
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Added by Bryant Tutas on January 29, 2012 at 5:12am — No Comments

PRINCIPAL REDUCTIONS – WILL THE BANK GUARANTEE THE VALUE OF YOUR HOME?

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 “…

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Added by Richard Zaretsky on January 27, 2012 at 7:35pm — 2 Comments

Verbal Agreement from Chase, help!

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…

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Added by Lauren Michaels on January 26, 2012 at 10:43am — No Comments

USDA Chase Short Sale Approved Santa Rosa Beach Florida

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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Added by Wendy Rulnick on January 25, 2012 at 3:43pm — 2 Comments

Short Sale Road Rules: Getting Buyers and Sellers on the Same Page

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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Added by Joseph Alfe on January 24, 2012 at 6:00pm — No Comments

Aurora Loan Servicing

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

Added by Gloria Handley on January 24, 2012 at 10:49am — No Comments

Santa Clara Distressed Property Watch 2011

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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Added by Marcy Moyer on January 22, 2012 at 8:40pm — No Comments

Newsletter: Are Short Sale Lenders Slashing Your Commission?

This Week's Popular Discussions…

Julie Wilkinson
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Added by Bryant Tutas on January 22, 2012 at 5:25am — No Comments

10 Tips To Help You Close More Short Sales

Hi folks. Do You Want To Close More Short Sales?…

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Added by Bryant Tutas on January 21, 2012 at 10:30am — No Comments

Short Sale Superstars is being read by Bloomberg News!

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!…

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Added by Stephanie Greenberg on January 20, 2012 at 3:01pm — 2 Comments

HAP PCS - Why Am I Bringing Money To Closing?

Eglin HAP

 

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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Added by Wendy Rulnick on January 19, 2012 at 2:55pm — No Comments

Short sale window closing soon!!!!

The Mortgage Debt Relief Act of 2007 is set to expire!!

The window is closing rapidly on one of the most important tax-relief provisions enacted by Congress during the housing crisis to help financially strapped homeowners. Time is running out to Short Sale your house. Although the 2007 law that allows taxpayers to exclude from income the amount of debt that is forgiven or canceled by their lenders doesn’t expire until Dec. 31, it’s likely to take every bit of the coming months to…

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Added by Conrad Randolph Hodgson - Broker on January 19, 2012 at 10:53am — 1 Comment

Superstars Weekly Update. 1-14-2012

 

This week's featured discussions.…

Jeff Payne
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Added by Bryant Tutas on January 15, 2012 at 4:37am — No Comments

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