September 2009 Blog Posts (7)

HAP is BACK! Program Updates for PCSing Servicemembers With Upside Down in Mortgages

Are you an airman PCSing from Eglin AFB or Hurlburt Field? Are you upside down in your mortgage and owe more than your current property value? If so, you may know I have been checking the HAP website daily for the last several months. As I have previously reported, the site was taken down at one point, and all information was removed.



Today, the site has changed and information is posted that may be useful to relocating military who might qualify for the government assistance to… Continue

Added by Wendy Rulnick on September 30, 2009 at 3:30pm — No Comments

Should I sell or buy my Kansas City home via a short sale?

Should I sell or buy my Kansas City home via a short sale?



A Continuing Guide to Understanding Short Sales Series.



Whether you are facing the possibility of needing to sell your Kansas City Home via a short sale or if you are considering buying a short sale, you will need to have information and tips on understanding this ever growing popular tool for home selling and buying. Over the course of several weeks, I will be providing a series of quick tips and information from… Continue

Added by Suzanne Hinton on September 25, 2009 at 4:00pm — No Comments

What does "Short Sale" mean and why does it take so long to process?

QUESTION: I see many listings online that state "Short Sale, please allow 3-5 months to process.

" What does "Short Sale" mean and why does it take so long to process?



ANSWER: I am ask this question here in Las Vegas almost on a daily basis, especially now since "Short Sales" seem to be dominating the market.



The term "Short Sale" occurs when you "owe" more on your home than what it could sell for and you need your lender approval to sell the home. "Short" meaning the… Continue

Added by Dawn Barrier Prominent Realty Gr on September 25, 2009 at 2:13pm — No Comments

August continues to see a sell off of "distressed" properties

Foreclosures and preforeclosures made up a large part of homes selling in the Fox Valley area of Illinois last month. In addition the number of homes on the market continues to decline. Both of these trends bode well for the housing industry, although “complete” recovery is probably still many months away.



The percentage of homes that are bank owned (foreclosed) or on the verge of (short sales) made up nearly 50% of the homes actually selling last month. If you break the homes for… Continue

Added by Ron Donavon on September 18, 2009 at 11:20pm — No Comments

Are attorneys too quick to advise on a short sale?

I am not an attorney and even though I do not give legal advice, I owe it to my clients to have a basic knowledge of the legal aspects of a short sale. If I am informed I can tell them what questions to ask their attorney.

Even though I may disagree with some advice they give, I know I cannot argue against an attorney’s advice because that would be, in fact, giving legal advice.

However, I often feel that some attorneys are too quick to advise clients to let the bank foreclose on… Continue

Added by Tracey Martin on September 16, 2009 at 10:02am — 2 Comments

FASLO Solutions...Has anybody had any successful dealings with these folks. They either service or bought the EMC loans from Chase bank. They are totally unreasonable. Will not start negotioations un…

FASLO Solutions...Has anybody had any successful dealings with these folks. They either service or bought the EMC loans from Chase bank. They are totally unreasonable. Will not start negotioations unless they are getting 25% of the loan balance....and they are in 2nd position. I have 3 deals with them and am about to lose them all. HELP!!!!. Continue

Added by Jayne Sanders on September 16, 2009 at 6:00am — 2 Comments

The Negotiator Interview $27



SHORT SALE QUESTIONS? BANK NEGOTIATOR TELLS ALL!



"Absolutely outstanding webinar! Best information I could have received and well worth the time and money!" testimonial from…

Continue

Added by Bryant Tutas on September 7, 2009 at 1:30pm — 2 Comments

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