February 2012 Blog Posts (39)

FREE LEAD! I need an experienced Realtor in Homestead, FL 33033 (short sale with Green Tree)

Hello !

I have a client in need of short sale in that area.  Small house. No buyer yet.

You can take the lead and take the listing.  All I ask for is to deliver great service and results!

If interested, give me a call at 626-324-0388.

Take care, 

Enrique Vasquez-Plaza



626-732-4560 office

626-324-0388 cell

626-732-4580 fax

626-722-8004 Google Line…


Added by Enrique Vasquez-Plaza on February 29, 2012 at 11:22am — No Comments

Help for Homeowners - The National Association of Realtors Collaborates with US Treasury on Short Sales

The National Association of Realtors and the U.S. Department of the Treasury are collaborating to help Realtors better assist distressed homeowners who are struggling to Selling Your Home Through a Short Sale - Avoid Foreclosure.

Realtors who attend upcoming Making Home Affordable "Help for Homeowners" outreach events, sponsored by the Treasury Department, will learn insights to help them…


Added by Jason Opland on February 29, 2012 at 11:06am — 3 Comments

Indy Mac

Anyone have a good contact with Indy Mac.  Been working on a short sale since Sept.  Have an approval but can't get Trustee Sale Extended.  Eric Middlebrook [email protected]

Added by Eric Middlebrook on February 29, 2012 at 8:47am — No Comments

Change the Course!

Change the Course!

Foreclosure fears foster true grief

Reports of foreclosures by the millions have been in the news so much over the past few years that to some, it might seem like the new normal.  It sure is the new normal here in Phoenix, Arizona.  We  are one of the states that have…


Added by Arthur Wainio on February 29, 2012 at 6:12am — No Comments

There is a new Bill in town - Prompt Notification of Short Sales Act

Senators are introducing legislation to shorten the process of a short sale about time.  Sen. Scott Brown, R-Mass., along with Sen. Lisa Murkowski, R-Alaska, and Sen. Sherrod Brown, D-Ohio have joined forces and have a bill in the works.  The Bill S-2120 aim is to require lenders to shorten the time to get an approval.  This Act may be cited as the `Prompt Notification of Short Sales Act'.…


Added by Richard OBrian on February 28, 2012 at 8:01am — 1 Comment

Mortgage Payments Weighing You Down?

Are Mortgage Payments Weighing You Down?

Take action now to turn it around in 2012

Recent economic upheaval has taken a hefty toll. Foreclosures and Short Sales are every where in Phoenix, Arizona.  Looking forward to 2012, it’s impossible to know what’s…


Added by Arthur Wainio on February 27, 2012 at 7:00pm — No Comments

Birmingham, MI Short Sale Realtor ask "Is Your Mortgage out of Balance with your Budget?" Certified Distressed Property Exper

It can happen quickly.

An expensive car repair, an unexpected hospital visit, a missed week of work – just a few little things and the life you’ve worked so hard to build can feel like it’s tipping dangerously out of balance.

Once the scales turn against you, it can feel like it is impossible to ever tip them back in your favor again. When your…


Added by Mike Sher on February 27, 2012 at 3:59pm — No Comments

VHDA short sales

Are there any other Virginia SS gurus on this site? I could use some help on a VHDA SS. VHDA is a tough nut and we could use some help from someone who has more experience than we do with them. We've closed one with them, and it went beautifully, but we are finding that they don't negotiate and their SS terms on their non-insured loans are all but impossible. I am working on 2 at the moment (neither are insured loans--the one we closed was insured, so none of the following conditions…


Added by Ken Bailey on February 27, 2012 at 1:24pm — No Comments

PMI Short Sale Approval No Longer Required for Fannie Mae from Five Mortgage insurers

Fannie Mae Gains More Short-Sale Authority

Five mortgage insurers have granted Fannie Mae mortgage servicers the authority to…


Added by Jason Opland on February 25, 2012 at 8:07pm — 2 Comments

Winchester, VA real estate market report for 1/24/2012 - 2/24/2012

The Winchester, VA real estate market is predominately made up of three types of real estate sales.  There are fair market (straight seller sales), short sales and foreclosures (also known as REOs or bank owned…


Added by Mike Cooper on February 24, 2012 at 2:34pm — No Comments

Thank you for furnishing the escalation dept phone number for Aurora

Well I finally got the short sale closed with Aurora as the first & SPS as the second.  I had to use the phone number that I found on this website for the escalation dept at Aurora.  Thank you to whomever posted the phone number.  It worked!  After months of getting nowhere and getting sent to the same voicemail without any return calls, I finally got a live person to explain the file to and work out the problems.  Thank you short sale superstars.  Anyone needs the phone number, let me…


Added by Team Thayer on February 24, 2012 at 12:59pm — 3 Comments

Selling Short and Get Paid up to $35,000.00 by the Bank, but do you qualify?

This seems to be all over the web these days as real estate sites get the

word out and, there’s a lot of paid advertising on the Google about getting bucks for selling short. The phrases are all about the same: “Get Paid to Short Sale My Home” is the most prevalent.  Also we see the bank’s name inserted in front like Chase paid me cash to sell short, Wachovia Paid me to Short Sale my home and…


Added by Richard OBrian on February 23, 2012 at 8:14am — No Comments

Federal Lien ( Dept. of Justice ) seller is in prison for one year .


 Seller has about one year to serve on money laundering conviction which also carried a $260,000 fine

 The fine is showing up on title as federal lien DOJ , can he sell , mod or DIL with a lien that exceeds the value of the property ?

Added by P Nicolas Velecico on February 22, 2012 at 6:57pm — 1 Comment

Las Vegas Short Sales Dominate the Market--Las Vegas Homes For Sale Inventory DROPS BELOW 8,000

There are approx 7,953 homes for sale in the Las Vegas area that do not have offers on them per the local MLS.

This is for single family homes without contracts on them.

Our pendings and homes with contracts on them are approx .... 11,634

The Las Vegas area homes available for offers has continued to drop again this past month largely…


Added by Dawn Barrier eXp Realty Vegas on February 22, 2012 at 8:39am — No Comments

Tipping the Scales Toward Foreclosure?


Fear of foreclosure is a national epidemic.

Resolve to Face the Facts!

Many people here in Phoenix, Arizonaare Tipping the Scales Toward Foreclosure!

Since 2007, 8.9 million homes have been lost to Foreclosure and boy, here is Phoenix…


Added by Arthur Wainio on February 21, 2012 at 10:30am — No Comments

Newsletter:Is A Hardship Needed To Do A Short Sale?

This Week's Discussions…

Eddie Kearns

Added by Bryant Tutas on February 19, 2012 at 5:14am — No Comments

Need names & numbers to escalate BB&T 2 lien/equity line for a short sale.

My client has a first of $325,000 with GMAC and a 2 lien/equity line from BB&T for $240,000.  BB&T is suing my clients outside of the short sale. They are suing them personally and have had to hire a foreclosure attorney to respond to the lawsuit. BB&T wanted $22,500 cash up front to allow our short sale to close as we have a buyer with an offer of $210,000. GMAC accepted this all cash offer. However,…


Added by Julie Wilkinson on February 16, 2012 at 11:17am — 2 Comments

Chase Bank sells BK 'Discharged' junior HELOC debt to Five Lakes Agency, to collect this uncollectable debt.

Need feedback, help and advise.

I've listed a home (Nov. 2011)  in Scottsdale AZ, for a seller who was discharged of his Mtg Debts thru Chapter 7 BK in  2 months prior-Sept.2011.

The seller did not want a secondary negative credit reporting of a  'foreclosure' on his credit after his BK, so that is the reason he would like to short sell.

The first Lien holder ( B of A) approved the short sale and offered the junior Lien holder (chase) $6,000 to release the…


Added by Debra Savittieri on February 15, 2012 at 8:29am — 12 Comments

HAFA Short sale declined - too much given to Fannie

Weird situation here that I basically don't understand.  I've been doing short sales for clients for a few years and have never run into this situation. 

Client preapproved for HAFA with a list price of $146,000.  I thought it was inflated but put it on the market anyway.  Got an offer for $128,000.  Counteroffer came back at $146,000.  Buyer walked.  Got a new offer from a new buyer at $138,000.  I submitted this offer with an appraisal of $137,500.  The borrower owes approx.…


Added by Mike Rizzo on February 15, 2012 at 8:17am — No Comments

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