As of this writing, there are approx. 4,389 short sales for sale in the Las Vegas area, this includes, resale single family homes, condos, townhomes, of that approx 3,443 of them are single family homes.
There are approx. 11,756 short sales that are in escrow under contract/pending in the Las Vegas area.
Total short sale closings year to date in the Las Vegas Valley area are approx.…Continue
Added by Dawn Barrier Prominent Realty Gr on May 27, 2010 at 11:30am — No Comments
I need to have some of you experts weigh in;
I have a home...it must be short-sold.
My wife and I are going through a divorce
She was "quit claimed" off the property, but our state is a "community asset" state.
She wants to have someone she knows buy the house...have her stay in the home, and then rent it back to her. It would allow the kids to stay in the house and not be disrupted by a move.
If there is a…Continue
I've sold real estate in Navarre Florida a long time. About 20 years to be exact. So I should know what the Navarre zip code is- 32566. Or so I thought.
I was calling…
Added by Wendy Rulnick on May 25, 2010 at 3:30pm — No Comments
You may have heard or seen a report on a new flood of foreclosures coming. The data is showing owners have miss at lest one mortgage payment in the first quarter of 2010. There’re assuming these folks are going into foreclosure in the months to come, we beg to differ, we believe these “one missed payment” borrowers are actually being told by the bank to do so albeit indirectly. The home owner for whatever reason is working hard to make there payment and can’t they have tried for a loan…Continue
Added by Richard OBrian on May 20, 2010 at 9:56am — No Comments
Added by Homes 2 Go Team on May 20, 2010 at 9:35am — No Comments
Does anyone have a Proof of funds letter they can give me a example of?
I would like to start a movement with BAC. All their approval letters should include the following:
Buyer (insert buyer's name from contract). **Replacement buyer subject to BAC approval.
Now wouldn't that eliminate being in escrow 3 to 4 to 5 times - assuming net to BAC was the same and no change in close of escrow date?
I say that while having 6 short sale escrows with them, and 3 approved - but it's absolutely pulling teeth and insanity.
Added by Anna Boyd on May 17, 2010 at 6:03pm — No Comments
Short Sales in the Inland Empire; Price Points are rising.. I have been watching the numbers, walking the homes, studying the comps and exactly what I felt would happen this year is indeed happening. The high end golf course communities and custom homes are seeing Short Sales and REO's. This is a new phenomenoa for my area of the Inland Empire..Palm Springs, Palm Desert, La…Continue
Added by Kimberley Kelly on May 16, 2010 at 7:33am — No Comments
Pardon my "newness". I have been trying to avoid short sales and now have given in to the reality that they aren't going away. So, I have been researching short sale agents in my area and have run across this statement on a couple of websites:
4. WHY WOULD I USE YOU TO HELP ME RATHER THAN MY RELATIVE THAT ALSO HAS A REAL ESTATE LICENSE?
Most banks will not stop the foreclosure process and start the short sale process until you have an offer on your home.…Continue
I have recently been approached to negotiatate short sales from a networking friend of mine. There is no formal training ava. . This seems like a great business to invoule myself in as I do have excellant negotiatation skills, and have also been a mortgage originator. I need to find a training program that will give me all the meat and potatoes and help me get started. I got to tell you that right now I'm afraid! Any sugguestions would be great!
"Why would we want to find the tax assessor records for a property?" you may ask. ANSWER: To prepare the HUD-1 before sending it to the short-sale lender. For example, a homeowner may be 2 years past due on their property taxes, but you fail to list the past-due taxes on the HUD-1. Then the short-sale lender approves the HUD-1 as WRITTEN. So you go to escrow, the title company runs a preliminary title report (AKA "prelim") and you find out that…Continue
Added by Regina P. Brown on May 8, 2010 at 2:30pm — No Comments
Hello to all,
I am looking for feed back on Huntington Short Sales. If you have completed a short sale or if you are presently enaged in a Huntington short sale, please send me some feed back.
Added by Craig Barry on May 5, 2010 at 7:14pm — No Comments
We have found that when submitting your complete short sale package to a bank it make easer if you include a “cover sheet” for each section of documents you are sending. (i.e.: paystubs, bank statements, taxes, purchase agreement, etc.) Cover sheets simply state the document that will follow in large bold type in the center of a blank page. They help to organize the package…Continue
Added by Richard OBrian on May 5, 2010 at 8:57am — No Comments
Has anyone ever heard of or negoiated with Select Portfolio Services?
This company owns the first mortgage on a house in Charlotte NC
I know that commissions are considered PROCEEDS from a SHORT SALE - and it is very wrong to do so that one can lose their license and be fined or go to jail and same with sellers -
though I have had Several sellers asking if I will help them give some of my commissions
back to them cause they are in such financial distress.
Other than what is stated on MOST short sale approvals can anyone help me find something so that
it is CLEAR to them to NOT EVEN ask…Continue