May 2012 Blog Posts (40)

Will You Owe Taxes On The Forgiven Debt After A Short Sale?

Well that’s a good question. As most of you know the…

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Added by Bryant Tutas on May 28, 2012 at 5:56am — 4 Comments

NEWSLETTER: How To Generate Short Sale Leads.

 

 

This Week's Hot topics…

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Added by Bryant Tutas on May 27, 2012 at 6:27am — No Comments

Wells Fargo short sale approved in 60 days!

Feeling good on this one, sixty days from contract to short sale approval. Investor was Freddie Mac.

Added by Jim Schneider on May 24, 2012 at 12:17pm — 2 Comments

Bank of America Short Sale Incentive Letter|Relocation Assistance

If you have a home loan through Bank of America and you are currently concerned about making your payments or your home is worth less than you owe, you may qualify for a short sale incentive from …

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Added by Michael Collins, CDPE, SFR on May 24, 2012 at 12:09pm — No Comments

Two Short Sales Approved in the same week...Yea!

First I must say, I am glad to be part of the Short Sale Superstars site.

I am currently working with two first-time homebuyers. Both of them have offers in on short sales.  One was with B of A and just finally got approved today (over 5 months...gee wez), the other one was with Wells Fargo who move much faster (less than 3 months). Not very often I get that good of news in the same week. I currently have one short sale listing in Fullerton, CA and their loan is also with B of A. …

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Added by Jodi Salazar on May 23, 2012 at 8:30pm — No Comments

Winchester, VA real estate market continues to improve - May 2012

The Winchester, VA real estate market continues to show signs of improvement, but it is in inches rather than leaps.  The current market has 513 available properties spread over the Winchester City and Frederick…

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Added by Mike Cooper on May 23, 2012 at 7:30pm — No Comments

Revised BOA Third Party Authorization

Hooray for BOA to include support staff on their new Authorization:)

Added by Becky Martin on May 22, 2012 at 8:28pm — No Comments

Eglin AFB HAP Private Sale Option

Eglin HAP agent  

Did you know you don’t have to be “upside down” in your mortgage to use the HAP program? That’s right! Military members who PCS’d from Eglin Air Force Base, Hurlburt Field, Duke Field or Whiting Field should know their options! Most people think HAP is only…
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Added by Wendy Rulnick on May 22, 2012 at 12:00pm — No Comments

Chase Bank Short Sale Incentive Letter

If you receive a letter from Chase Bank stating that you are eligible for a short sale incentive, please do not throw it away. It is not a scam.…

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Added by Michael Collins, CDPE, SFR on May 22, 2012 at 9:00am — No Comments

Does The Amount A House is Underwater Matter in Menlo Park Short Sales

As a Menlo Park Short Sale Agent I get asked this a lot. My answer is a definitive sort of, especially if it is a Chase short sale

Here is how it may make a difference.

Some homeowners owe more on their homes than the home is worth,…

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Added by Marcy Moyer on May 22, 2012 at 12:10am — No Comments

Wisconsin April 2012 Housing Statistics

Counties of WI The Wisconsin housing statistics are now in for April 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 May 21, 2012 at 12:14pm — No Comments

Seterus forecloses on my short sale and then offers my clients the home for sale

This is the first time I am dealing with this issue so I am hoping to hear from people who have seen this happen. I worked on this short sale for almost a year (story of my life) the buyer is also the tenant at the property and he failed to perform in time so the lender decided to foreclose on it. Seterus called me a few days ago and said they are willing to sell the property to the current tenant/buyer but will not compensate our office or we can evict the tenant and list it on the MLS to…

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Added by Ephrem Jando on May 21, 2012 at 11:35am — No Comments

NEWSLETTER: Top 10 Most Popular Short Sale Topics Of All Time!

Well maybe not of all time…

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Added by Bryant Tutas on May 20, 2012 at 4:35am — No Comments

Bank of America Cooperative Short Sales - Head Spinning

Bank of America Cooperative short sales are not always as “easy” or “fast” as they make them out to be. If you have received an offer to do a Bank of America cooperative…
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Added by Wendy Rulnick on May 19, 2012 at 9:08am — 8 Comments

Sunnyvale Underwater Homeowners, Open Those Letters From Chase

Many homeowners who are having trouble paying their mortgages will stop opening their mail from the lender. It is understandable to feel, what is the point? I can't pay and nothing they say to me will change that. However, if your lender is Chase you may want to open that letter.

Chase is giving relocation assistance to some homeowners who are in default if they agree to short sell their…

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Added by Marcy Moyer on May 18, 2012 at 12:26pm — No Comments

Special Webinar: Little to No-Cost Marketing Ideas that Generate Leads







Special Webinar: Little to No-Cost Marketing Ideas that Generate Leads



Good morning Superstars, We have another informative marketing webinar coming up with the guys at Direct Business…

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Added by Bryant Tutas on May 17, 2012 at 5:50am — No Comments

Escaping Your Unmanageable Mortgage: Getting free doesn’t have to mean running away.

Free Report

Escape Your Unmanageable Mortgage: Getting free doesn’t have to mean running away.

 

Perhaps you have heard about it???

 On the news, a reporter tells a story about how the housing crisis has caused some homeowners to simply walk away from their…

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Added by Arthur Wainio on May 17, 2012 at 4:00am — No Comments

Bank of America Giving Borrowers Up to $30,000 To Short Sale

Great news for Bank of America short sales

From the Florida Association of Realtors(R) newsletter today.

BofA announces new short sale incentive NEW YORK – May 16, 2012 – Bank of America announced a new short-sale program – called enhanced relocation assistance – to help homeowners move debt free and get paid $2,500 to $30,000 for doing so. The actual cash payment depends on the appraised value of the home.…



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Added by Bryant Tutas on May 16, 2012 at 12:00pm — 2 Comments

Has anyone one here come across these changes on their short sales? If so, do you have examples you can post

As many real estate professionals are aware, short sales and distressed property transactions have had a major impact on the housing market in the past few years. Pearl Insurance and its carriers, XL Group's insurance companies, have seen unprecedented actions taken by financial institutions—in ways both good for the consumer, and unfortunately, bad.

It recently has come to our attention that major financial institutions have been transferring liability to both real estate brokerages…

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Added by indplsrealestate on May 16, 2012 at 10:34am — No Comments

The Robo-Signing Settlement?? What is that?

Free Report

 

The Second Largest Settlement in History: How it saves you from foreclosure!

 

The news has been a buzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders.…

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Added by Arthur Wainio on May 16, 2012 at 4:00am — No Comments

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