January 2013 Blog Posts (60)

Rarely Discussed Tips for Buying that First House

Rarely Discussed Tips for Buying that First House

Lots of solid information is available online that discusses items for first time home buyers such as choosing the right loan, working with a reputable lender, and arranging a proper budget. While those items are very important, there are some other items that don't get the same publicity but deserve great attention.…

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Added by Michael Collins, CDPE, SFR on January 31, 2013 at 10:14am — 2 Comments

Yes, FHA PFS Short Sale Program.....you're STILL my favorite!!!

In the oftentimes chaotic world of short sales, the road from initial list to closing is filled with rough terrain, speedbumps, wrong turns, u-turns, no turns, stop signs, and many detours. Nary a day I fail to hear the laments of yet another agent succumbing to the trials and toils of short sales. In fact, in my 7 years of selling everything from normal market re-sales to REO and short sales, I've dealt with many different (and often frustrating) short sale transactions. In fact, I've had…

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Added by Vanessa Calhoun on January 30, 2013 at 12:32pm — 2 Comments

Looking for second mortgage

I am trying to find a 2nd lien that is on title, title shows MILA they went out in 2007.  clients say willshire, they sold off to BOA, BOA doesn't have them.  I ran through fannie, freddie and mers.. no luck any other ideas out there???

Added by Patti Omalley on January 30, 2013 at 9:00am — No Comments

Fannie Mae And Freddie Mac To Allow Walkaways By On-Time Borrowers

Are Short Sales are becoming a thing of the past? It seems like this is the way the market is moving. Fannie Mae and Freddie Mac own or guarantee $5.2 trillion of mortgages, more than half the…

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Added by Bryant Tutas on January 30, 2013 at 6:17am — 2 Comments

NATIONSTAR MORTGAGE

Just received from NATIONSTAR MORTGAGE the complaint and notice of lis pendens for my mother's property located in North Miami Beach, FL where I live with my sister and her children. I know there is a 20 day response window but my mother doesn't want to keep the property anymore. Property is worth about $23k and $109k is the balance owed. My mother would like to consult with an experienced real estate attorney before making her final decision. Any recommendations for an attorney located in…

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Added by Juan-Manuel Valera Jr on January 30, 2013 at 4:30am — 1 Comment

ACTION REQUIRED: What Does Tax Season Mean For Those Who Short Sold Or Did Mortgage Restructuring?

If you are one of the smart homeowners who were involved in mortgage restructuring or a short sale in 2012, tax time is an IMPORTANT season for you. There are tax implications associated with debt cancellation/mortgage forgiveness. For those who have been involved this year, here are instructions and tips from Seattleshortsaleblog on how to…

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Added by Peter J Kim on January 28, 2013 at 9:58am — No Comments

Palm Springs Valley short sale listing numbers in decline..

Palm Springs and the desert cities in general are seeing declining short sale listings.  Not just the numbers in listings, but also the prices have begun to creep up to closer to FMV.  Why?  I suspect there are several things at work here...

1.  We are a resort town.  By that I mean, there are many…

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Added by Kimberley Kelly on January 27, 2013 at 7:02am — 1 Comment

Least yet again...

I know almost everyone on here preaches about having a problem keeping a buyer. Well I am a buyer and my husband and I have a preapproved priority buyer loan for up too 100k. We live in a semismall community and have been trying to purchase a home for a whole year now. We hav lost 2 homes due to seller back out. Our 1st home the seller backed out after waiting for 3 months. The latest one was even worse. We waited 5 and a half months! Our realtor told us that we were approved and were waiting… Continue

Added by SS buyer BoA on January 27, 2013 at 6:50am — 1 Comment

NEWSLETTER: HELP! My Approved Short Sale Was Just Service Released!

 

Good morning Superstars.

Here are this weeks featured discussions.

Discussions Replies Latest…
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Added by Bryant Tutas on January 27, 2013 at 5:00am — No Comments

Short Sale Real Estate Agents in Madison, WI

Short Sale Real Estate Agents in Madison, WI




Are you looking for a Madison Wisconsin Short Sale Realtor® or real estate agent? Rock Realty is a real estate brokerage that specializes in Short Sales and Bank…
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Added by Michael Collins, CDPE, SFR on January 25, 2013 at 8:54am — No Comments

Short Sale Home with 4 Car Garage now $99,000!

This 4 Car Garage Stoughton, WI short sale home is now listed at $99,000!

Click for MLS listing.

4 Car Garage Home

Property Highlights

  • 4 Car Garage!
  • Great for a mechanic or woodworker!
  • Large Front Yard
  • Private Backyard
  • Paver Block Patio
  • Vaulted Ceilings
  • Exposed…
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Added by Michael Collins, CDPE, SFR on January 25, 2013 at 8:39am — No Comments

Thousands of homes Foreclosed; Can you afford a Risky Loan?

Thousands of homes Foreclosed; Can you afford a Risky Loan?

The adjustable rate mortgage has been around for a number of years and it has helped a number of people afford the purchase of their first home. However, in the late 90’s and early part of the 2000’s some people took advantage of the low rates offered by ARMS and got in over their head. Before buying a home people should really look at all the factors involved with an adjustable rate loan and make sure it…

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Added by Michael Collins, CDPE, SFR on January 23, 2013 at 10:07am — No Comments

Will The New 2013 “Ability To Repay Rule” Stop You From Owning Another Home Again?

The Consumer Financial Protection Bureau is finalizing the “Ability-to-Repay” rule which requires lenders to obtain and verify information to determine whether a consumer can afford to repay the mortgage. Our belief is the 2013 ATR final rule…

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Added by Peter J Kim on January 22, 2013 at 1:14pm — 2 Comments

How to Purchase a Home in 2013

How to Purchase a Home in 2013

As this new year begins many people are setting goals, making resolutions and generally planning for a better year. If you are one of the people considering a home purchase in the upcoming year there is some sound advice to follow in order to make the process smoother and ensure that you get in to a home that truly makes you happy.

Be Realistic About Your Finances…

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Added by Michael Collins, CDPE, SFR on January 22, 2013 at 11:02am — No Comments

The Real Estate Market Shift Is Here. Are You Ready?

 …

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Added by Bryant Tutas on January 22, 2013 at 6:00am — No Comments

January 2013 – HAPPY NEW YEAR!

Greetings!  I want to quickly update everybody on some new Real Estate news that everybody needs to know:

  1. The Attorney General of Nevada launched a “new” program called Home Again.  It makes it easier for distressed homeowners in Nevada facing foreclosure to determine what state or federal assistance may be available to them with a single “one-stop”, free resource – long over do! It is a single source for all distressed homeowners in Nevada to contact. It…
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Added by Kevin Bown on January 21, 2013 at 4:40pm — No Comments

Wisconsin December 2012 Housing Statistics

 

Counties of WI The Wisconsin housing statistics are now in for December of 2012. Here is an excerpt from what the Wisconsin Realtors Association (WRA) had to say:…
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Added by Michael Collins, CDPE, SFR on January 21, 2013 at 1:17pm — No Comments

South San Jose Homeowners: B of A Co-op Short Sales Big Change!

While prices are rising in the Silicon Valley there are still homes that are underwater and you may need to short sale your South San Jose home. If this is the case, don't wait!

Bank of America has instituted some new policies which can have a major influence on your …

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Added by Marcy Moyer on January 21, 2013 at 11:41am — No Comments

Buying again After a Short Sale

Rock Realty Client Testimonials



"Approx 4 years ago.. I was having some financial strain. I wasn't able to keep up with a first and second mortgage alone as a single mom.

Through friends and family, I was introduced to Mike and Matt.

I didn't want to have to go through the foreclosure process, because I knew that I would be able to pull through the mess I was in within a few years and I didn't want to have that looming over me.

Matt and Mike…

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Added by Michael Collins, CDPE, SFR on January 21, 2013 at 8:31am — No Comments

NEWSLETTER: New Fannie Mae Re-Sale Restrictions Control the Market

 

Good morning Superstars.

 

This week's buzz word.......FANNIE MAE!

 

Discussions Replies…
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Added by Bryant Tutas on January 20, 2013 at 5:16am — No Comments

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