Dayton Realty Inc is one of the fastest growing real estate offices in Queens. We have hundreds of listings in all three boroughs, which include new construction, foreclosures, 1, 2 and 3 families.
Our goal is to make sure that you and your family get the best deal with the least effort. "Leave the work to us." Buying a home is a huge commitment and we want to ensure that you…
Added by Dayton Realty Inc on July 11, 2011 at 3:30am — No Comments
Hello SuperStars! Has anyone had a situation where their buyer wants to cancel, is past their waiting period, and the seller won't sign the cancellation form? Seems the Buyer should be able to get out of the contract but I've heard they need the Seller to cooperate. Your experience? --Sue
Added by Sue Irwin on July 10, 2011 at 6:14am — 5 Comments
Are you considering short sale, but torn thinking it may be the most ruinous personal and financial decision you will ever make? You are not alone. As more families are confronted by upside-down real estate values, jobless or with limited income, the…
ContinueAdded by Wendy Rulnick on July 9, 2011 at 5:18am — No Comments
I am still amazed at the number of REALTORS® that continue to list short sales and either attempt to process the short sale themselves and/or turn the file over to a third party title company. In many of these instances I have noticed the title company charging “short-sale processing fees” at closing in direct violation of the law. In fact, such a charge may be considered a felony as it violates Florida Chapter 494.
Federal and Florida laws involving short sales and their…
ContinueAdded by Stephen B. McWilliam on July 9, 2011 at 5:00am — 6 Comments
Top 5 Mistakes Short Sale Sellers Make
As a Santa Maria Short Sale Agent, I see short sale sellers make critical mistakes time and time again. Here is my list of the top 5 mistakes I see:
1) They wait too long to put the home on the market.Many times sellers believe that…
ContinueAdded by Tni LeBlanc (805) 878-9879 on July 9, 2011 at 1:55am — 2 Comments
Added by Esther Bonnie Godel on July 8, 2011 at 11:22pm — 6 Comments
Hi All,
Here's the link to the Fannie Mae live broadcast on the Short Sale Assistance Desk.
http://Fannie Mae Broadcast - CDPELive - Short Sale and Foreclosure Education
Marcel Bryar, Vice President at Fannie Mae, discusses the benefits of the Assistance Desk and how it can help real estate professionals speed up the…
ContinueAdded by Gail Mitkoff on July 8, 2011 at 9:30am — No Comments
I have a few short sales that are HAFA and if the second mortgage is not with the same as the first mortgage and they don't agree to hafa guidelines, then WHAT IS THE POINT OF HAFA?
The government put hafa to help but it seems like the banks are still in control of the process.
Also HAFA is suppose to have a response it 30 days. Haven't seen one yet.
Added by Short Sale Dale on July 8, 2011 at 7:13am — 4 Comments
Hello All,
I am looking for a loss severity calculator to help show loss of accepting short sale versus allowing the property to go to foreclosure. If anyone out there has one or knows where to get it can you please let me know.
Have a great day!
Imran
Added by Imran Mohamed on July 7, 2011 at 7:14am — 1 Comment
Added by Gayle Van Wagenen on July 6, 2011 at 4:19pm — 2 Comments
What???? Yes, first time in 5 years of doing loads of Short Sales with different Lenders, different types of Sellers, various emotional situations..pretty much everything I thought....
Retired Broker who was not representing herself, but did insist on showing her property herself. Yikes..alarm bells should've gone off. But..she was referred by a friend, and really, how bad could it be??? Primary residence, condo, well kept, only one loan with Chase. Slam dunk,…
ContinueAdded by Kimberley Kelly on July 6, 2011 at 12:58pm — 1 Comment
Added by Christina Conrad on July 6, 2011 at 9:11am — No Comments
Great article today about the big banks abusing borrowers before and after their HAMP loan mods.
Added by Bryant Tutas on July 5, 2011 at 8:26am — No Comments
My offer was accepted from the seller on 3/20/11. The seller opt out of the HAFA short sale. Sellers agent received message on 6/3/2011 from equator “The valuation for the property at XXXXXXX is complete and we can move the short sale forward” and then on 6/24 the agent received the same message? Whats next? How much longer to receive a response on my offer? The offer is at FMV.
Added by linda uribe on July 3, 2011 at 10:02am — 2 Comments
Have a short sale w/ GMAC.
Buyers are offering 140,000 w/$6,000 back towards closing cost, prepaids & points.
Will a bank ever accept an offer with way over 3% of the sell price going back to buyers for closing cost.
Thanks,
Dee
Added by Dolores Reynolds on July 3, 2011 at 7:57am — 4 Comments
Unethical? I think so. Immoral? Pretty sure! Illegal? Biggest question yet!
I am in the middle of a short sale. I represent the buyer. The listing agent calls me and says we have short sale approval, move forward with inspection/appraisal. I ask for the short sale approval letter, which he flat out refuses to provide. He says that the approval letter is between his seller and their bank. I explained that since the contract says 'subject to third party approval',…
ContinueAdded by Sherry Pyszczynski on July 3, 2011 at 5:18am — 2 Comments
My sincere thanks to Clay and Kathie Kime, CDPE, for the reply to my inquiry. I can't wait 'til tuesday, to talk to a supervisor... I love this website... Thanks, REGrow, and all those who share their experiences!
UNITED WE CAN!
Added by MESARE DONDA on July 2, 2011 at 11:36am — 3 Comments
Added by Steve Mun Group on July 1, 2011 at 4:38pm — No Comments
I just sent a HAFA request together with an offer to Chase for some clients. Chase denied the relocation allowance of $3000 because they claim that under HAFA, if you already have an offer, they will do the short sale but won't give you any money to relocate. The clients are "dead broke", and without the relocation allowance, they won't sell... they will just fight the foreclosure and wait it out as long as possible. Does anyone have any ideas/suggestions? Should we withdraw this offer,…
ContinueAdded by MESARE DONDA on July 1, 2011 at 9:28am — 3 Comments
If you like the rush, the careening highs and crashing lows that makes your Adreneline course through your veins like you've being chased by an unknown intruder..try a Short Sale! What a rush! What a ride! Kind of like a huge roller coaster zipping along....up, then down..back up, then down..yippee!
Even if you're a list agent used to the…
ContinueAdded by Kimberley Kelly on July 1, 2011 at 5:50am — No Comments
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Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.