Three months can make a big difference in a market place.
Three Months Ago... Chase approved the short sale for this Driftwood Estates home in Santa Rosa Beach Florida. The sale price at the time was $230,000. But oops- the buyer's lender only appraised the home for $220,000. The buyer could not get a loan for $230,000. Despite providing Chase with the buyer's appraisal, they refused to lower their approval…
Added by Wendy Rulnick on September 14, 2010 at 11:30am — 1 Comment
Any advise on how to handle this aweful situation that I am in will be of great help!
I did a short sale with Chase and sold the house in July of this year and I just got contacted by a collection agency representing Chase to collect on the $176,000 that is the balance of the loan after the sale of the house. I had to pay my second lender $30,000 to settle and now Chase is coming after me. I was told by my realtor that when I did the short sale that in alot of cases the second…
ContinueAdded by Cindy LaPeer on September 14, 2010 at 4:53am — 1 Comment
It is scary how much misinformation there is about Short Sales. I am in the midst of negotiating an offer on one of my Destin Florida short sales. I told the buyer’s agent the seller will be counter offering.…
ContinueAdded by Wendy Rulnick on September 13, 2010 at 12:00pm — No Comments
Economists (and other people smarter than the average politician) are starting to make noise about…
ContinueAdded by Brian Bean on September 12, 2010 at 10:37am — No Comments
We’d heard rumors. Sightings whispered by weary agents. Pleas from desperate homeowners. Tons of…
ContinueAdded by Brian Bean on September 12, 2010 at 10:36am — No Comments
California first-time home buyers laid claim to $100 million in just over 100 days, apparently exhausting the supply of money used to fund a…
ContinueAdded by Brian Bean on September 12, 2010 at 10:35am — No Comments
Added by Brian Bean on September 12, 2010 at 10:33am — No Comments
This is what I am hearing over and over from my short sale clients..they already tried loan mod and ended up in worse debt than if they had just started their Short Sale in the first place!!!
Added by Kimberley Kelly on September 12, 2010 at 1:24am — No Comments
Do you think you’re sneaky? Sending in a purposefully low offer to the short sale lender? You just want to find out "what” price they want so you can get a "real” offer later,…
ContinueAdded by Wendy Rulnick on September 10, 2010 at 11:57am — No Comments
Hi folks. Do you ever wonder what happens after the Short Sale? If the lien holder states they will be contacting you after closing to make arrangements for you to pay the rest of the money you owe....do you believe them? Well you should.
I had a closing a few months ago where…
ContinueAdded by Bryant Tutas on September 10, 2010 at 12:33am — 3 Comments
GMAC Homecomings Financial has just approved the short sale for this Southway Estates home in Crestview Florida. The approvel time was an amazing 9 days! How so fast?
1. GMAC had a Broker Price…
Added by Wendy Rulnick on September 8, 2010 at 10:27am — 1 Comment
Added by LaShone Butler, GRI on September 8, 2010 at 10:10am — 1 Comment
Here is another letter from a client that I did a Short Sale for. The sale of the home was for about 50%…
ContinueAdded by Mike Sher on September 8, 2010 at 7:57am — No Comments
The Mike Realtor Team sells Homes in Bloomfield, Birmingham, Beverly Hills, Farmington, West Bloomfield. Rochester, Troy, Huntington Woods, Royal Oak & Auburn Hills. Call us at (248) 644-4700 X 242 or check
Added by Mike Sher on September 8, 2010 at 7:47am — No Comments
Short Sale Success goes beyond…
ContinueAdded by Mike Sher on September 8, 2010 at 7:15am — No Comments
The Mike Realtor Team sells Homes in Bloomfield, Birmingham, Beverly Hills, Farmington, West Bloomfield. Rochester, Troy, Huntington Woods, Royal Oak, Northville & Auburn Hills. Call us at (248) 644-4700 X
242 or check us out at…
Added by Mike Sher on September 8, 2010 at 7:09am — No Comments
Added by Barry Danels on September 8, 2010 at 3:33am — No Comments
Don't be fooled, you are judged on your credit report and score. Your credit is a heavily weighed factor when…
ContinueAdded by Mike Sher on September 7, 2010 at 9:18am — No Comments
Wells Fargo, formerly Wachovia, has approved a Magnolia Bay townhome in Sandestin Florida as a short sale. The unusual part of this short sale was that the senior mortgage holder, Bank of America, was not "short".
What does this mean? The sales price of…
Added by Wendy Rulnick on September 5, 2010 at 5:00am — 1 Comment
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