June 2013 Blog Posts (31)

NEWSLETTER: Are You Getting Your Short Sellers Ready To Purchase Another Home?

 

Good morning Superstars.

 

Here's a sampling of this week's Superstar discussions.

 …

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Added by Bryant Tutas on June 30, 2013 at 4:00am — No Comments

Wisconsin May 2013 Housing Statistics

The Wisconsin housing statistics are in for May of 2013. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

Strong home sales in Wisconsin for May helped boost prices up, according to the most recent statistical report released by the Wisconsin REALTORS® Association (WRA). The sale of existing homes in May increased 18.2 percent over last May, now the 23rd straight…

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Added by Michael Collins, CDPE, SFR on June 27, 2013 at 7:26am — No Comments

Mike stepped up in every aspect - Our house sold very quickly

Rock Realty Client Testimonials



"I found Rock Realty on the internet while looking for someone to help us sell our house .. I called and talked to Mike, we set up an appt and he got the ball rolling... and wow did he get the ball rolling..he stepped up in every aspect.. the house was all over the net and we had people looking at the house right away .. he was right there every time we had questions and made us feel as if we were his only client.. he…

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Added by Michael Collins, CDPE, SFR on June 26, 2013 at 8:43am — No Comments

Are All Short Sales in Los Angeles Always a Success?

Unfortunately, not all Short Sale properties that are listed for sale in the Los Angeles area will close escrow. First, what is a Short Sale? If a home's current market value is less than the mortgage balance owed and the homeowner (borrower) cannot afford to make the mortgage payments, they…

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Added by Sara Mehrpouyan Los Angeles CDPE on June 25, 2013 at 10:27pm — No Comments

FLORIDA NEW FORECLOSURE LAW - HOW IT AFFECTS BROKER ADVICE TO CLIENTS

If you have a client that has a just filed or soon to be filed residential foreclosure action in Florida, what new timelines can you expect under the new Florida Foreclosure Law?  Effective with all NEW lawsuits filed on or after July 1, 2013 the new streamlined foreclosure procedures law will govern how fast the lawsuit will proceed – or at least that is the theory behind the new law.  Reality can be quite something else.

Under the law as it existed before June 7, 2013 (the date…

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Added by Richard Zaretsky on June 25, 2013 at 4:58am — 1 Comment

NEWSLETTER: Is Selling To The Tenant An Arms Length Transaction?

 

Good morning Superstars.

 

Here's a sampling of these week's Superstar discussions.

 

Discussions Replies…
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Added by Bryant Tutas on June 23, 2013 at 5:00am — No Comments

Yucaipa Real Estate Resources

Yucaipa Real Estate Resources - Yucaipa CA REALTORS

If you're looking to buy or sell Yucaipa real estate mzake sure you have a experienced professional by your side. We have the professionalism to serve our valued clients on any type of real estate transaction they require:

  • Yucaipa Short Sales
  • Yucaipa Standard Sales
  • Yucaipa Foreclosures
  • Yucaipa Land…
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Added by Garrigus Real Estate Group on June 22, 2013 at 12:24pm — No Comments

New Web Tool for Yucaipa Home Sellers

Yucaipa CA REALTORS



Just initiated a new web page for home sellers in Yucaipa CA



For home sellers in Yucaipa, California we have just initiated a new web page to provide them with helpful tips, break-down of the process of listing and selling a Yucaipa home and…
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Added by Garrigus Real Estate Group on June 20, 2013 at 4:43pm — No Comments

New Redlands website page

Redlands CA REALTORS



Just initiated a new web page for home sellers in Redlands CA



For home sellers in Redlands, California we have just initiated a new web page to provide them with helpful tips, break-down of the process of listing and selling a Redlands…
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Added by Garrigus Real Estate Group on June 20, 2013 at 4:00pm — No Comments

New Banning Website Page

Banning CA REALTORS



Just initiated a new web page for home sellers in Banning CA



For home sellers in Banning, California we have just initiated a new web page to provide them with helpful tips, break-down of the process of listing and selling a Banning home and…
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Added by Garrigus Real Estate Group on June 20, 2013 at 3:28pm — No Comments

New Beaumont CA website page

Beaumont CA REALTORS



Just initiated a new web page for home sellers in Beaumont CA



For home sellers in Beaumont, California we have just initiated a new web page to provide them with helpful tips, break-down of the process of listing and selling a Beaumont home and…
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Added by Garrigus Real Estate Group on June 20, 2013 at 2:06pm — No Comments

BANK OF AMERICA FHA STALL TACTICS - ZOMBIE SHORT SALE

I don't know what is going on at Bank of America,  but I have two stories to that are eerily similar.  Case number #1:

  One short sale was started June 6, 2012.  The date is right.  It really has been going on a year.  It took 3 cases at HUD to finally get the seller out of " loan modification " status and into "short sale."  I have had the same buyer for a year.   On February 19, 2013 I was…

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Added by Carol Pease on June 18, 2013 at 7:46am — 1 Comment

NEWSLETTER: BofA Exposed By Former Employees

 

Good morning Superstars.

 

Here's a sampling of this week's Superstar discussions.

Discussions Replies Latest…
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Added by Bryant Tutas on June 16, 2013 at 2:30am — No Comments

Investor Offer and Agent Fiduciary

http://youtu.be/dR8AfQJrXSM

Added by Ricky O. Gibson, Sr on June 14, 2013 at 8:30am — No Comments

MY NIGHTMARE WITH SPS-SELECT PORTFOLIO SERVICING, INC.

I have a HAFA short sale with SPS.  It has taken forever; since August of last year.  Twice SPS set up a foreclosure date even though this is a HAFA SS and both times we submitted a motion to dismiss and the judge cancelled the foreclosure sale.  Finally SPS approved the SS, however, we were not able to close due that the property did not pass inspections and lender did not approve buyer’s financing.  The closing date was scheduled for April 19 and on April 8th a new offer was…

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Added by Blanky Marquez-Bradshaw on June 11, 2013 at 6:33pm — 1 Comment

Michael, Patient and Understanding w/ My Short Sale

Rock Realty Client Testimonials



"Mike Collins was easy to talk to and very good at explaining in detail all aspects of the short sale of the property. With a lot of patience, he walked me through the process of a short sale. He was understanding of my plight and very sympathetic.

Mike was a pleasure to work with and he is a man of his word.

Thank you, Mike, and best of luck to you."

Tom D. (Oxford, WI)

Rock Realty Seller…

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Added by Michael Collins, CDPE, SFR on June 11, 2013 at 1:27pm — No Comments

HELP! Seterus is killing my deal!

I have a short sale that I have been working on since Nov. with Seterus. It is a Fannie Mae loan and I have the approval.

Here is the problem.... The first approval letter that I received was for the wrong buyer( and yes, they did have the right info) after a week, I got a corrected approval with the correct buyers names on it BUT the names were spelled wrong!!

I have not been able to reach anyone since Friday evening when I received this latest one and I am freaking out…

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Added by Judi Fiolle on June 10, 2013 at 10:35am — 1 Comment

You give them what they want, they don't want it (SLS 1st)

I am working on the short sale for 5 months now. SLS is 1st and GreenTree 2nd. Long story short: SLS asked for 2nd approval before they approve. Both buyer and I had to contribute to the second to get the approval. I submitted to the SLS and guess what they said?! They refused to approve because they don't want GreenTree to get more with any contribution. I am at lost, I worked so hard for 2nd approval and now SLS will not work with me. Why was it not mentioned?  Such a stressful situation.…

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Added by Elena Pavlova-Nott on June 9, 2013 at 11:54am — 3 Comments

NEWSLETTER: Dealing With FHA Required Repairs On A Short Sale.

 

Good morning Superstars,

 

Here's a sampling of this week's Superstar discussions.

 

Discussions Replies…
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Added by Bryant Tutas on June 9, 2013 at 3:00am — No Comments

negotiate a counteroffer from Chase, or just give in?

I represent the buyer, and the seller holds a Chase mortgage. Their agents are great, but the negotiator is typically coy, giving no concrete answers.

Buyer has been U/c for $143,000, which was the H& B offer in a multiple offer situation in April

(listed at $149, then $139K for a month) Atlanta real estate market is bouncing UP.

The mortgage balance is from a Chase conventional refi of 201,000 in Feb 2012

Based on BPO, Chase has countered contract for $158,000…

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Added by Jody Steinberg on June 7, 2013 at 4:41pm — 3 Comments

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