One of the many ways Realtors today try to market and expose their listings is to schedule and set up an Open House for the property. This is something that has been done for a long time now and can sometimes gain a few inquiries.
Open houses these days seem to have gotten a bit blah. Obviously the point of the event is to show off a house that…
Added by Tim Brown on September 21, 2011 at 12:57pm — No Comments
MetLife short sale. Has anyone heard of MetLife's 'check step'? My file has been turned over to a new negotiator (who they are now calling the underwriter). The gal I spoke to last Thursday from the main phone number said she would look closer at the file by looking at the 'check step'. From there she was able to determine the name of the new negotiator and that the BPO was ordered on the 7th. But I called again yesterday and the guy who answered the phone said she didn't know what she was…
ContinueAdded by Teresa Willard on September 20, 2011 at 11:48am — No Comments
Current market stats in Milwaukee September 2011
Single family home currently listed as a short sale 534
Reo single family homes in the Milwaukee area 322
Sold in the past 6 months Short Sales 640
Sold in the past 6 months REO single family homes 526
Some lenders have given the city homes that are not bring in enough money.
Where is this going? May people are…
ContinueAdded by Debby Thompson on September 19, 2011 at 4:44pm — No Comments
San Jose Single Family homes
Active Short Sale Listings: 371
Active Bank Owned Homes: 77
Pending Short Sale Homes: over 578 (mls stops counting at 500 and there are more than 500 San Jose Short Sales waiting for bank approval, 41 bank approved waiting for buyer to remove contingencies, and 338 just waiting to close)
Pending Bank…
ContinueAdded by Marcy Moyer on September 18, 2011 at 4:31pm — No Comments
Added by rocco racioppo on September 17, 2011 at 7:33pm — No Comments
In the world of real estate you might not think that peer pressure is something to really think about or even worry about. However, it can actually be a major issue in the housing industry.
Peer pressure can come in many shapes and sizes and from pretty much any direction. Often times we see buyers that are new to the home buying…
Added by Tim Brown on September 15, 2011 at 1:07pm — No Comments
Added by Cynthia Hammer on September 15, 2011 at 11:24am — 3 Comments
I have a short sale that was declined by B of A asset manager. The sale date is looming and need to find a contact that will listen
Lisa Swaim
Remax Alliance…
ContinueAdded by Lisa Swaim on September 14, 2011 at 1:22pm — 2 Comments
Hello All - here is my BOA nightmare. I was assigned a BOA HAFA short sale on 5/1/11. Things were moving pretty good until around 7/20 when I requested the SSA that had been promised to be over a month prior. Spoke with several Reps and they gave me a verbal list price of $462,264 with 3% concessions and 6% closing cost. A week later, I received a call from AMS Supervisor saying the appraisal had expired and new one had been ordered. New appraisal came back and a new list price was…
ContinueAdded by Tracey Pryce on September 14, 2011 at 3:43am — 2 Comments
I have just run into a situation where my buyer had a contract in on a "Potential Short Sale" that was going to be foreclosed on this month and NOW that the bank has postponed the FC sale ... the Sellers have decided to do a Loan Modification even though neither of them have an income or job .... how can this be?
I have been told by more experienced agents than myself that the financial information that the banks need for a Short Sale is much different from what they need for…
ContinueAdded by Trina on September 14, 2011 at 2:20am — 3 Comments
When making an offer on a San Jose Short Sale it is common for the buyer's agent to ask the listing agent about his or her experience with short sales. They want to know if the seller's agent knows what he or she is doing because that is essential for a successful short sale completion. So when I am asked those questions I can honestly say that I am certified (CDPE),…
ContinueAdded by Marcy Moyer on September 13, 2011 at 3:27pm — 6 Comments
Im working through a short sale with pretty good results;already have the first mortgage approval; The second mtg Line of credit division said they may ask for a contribution above the amount that has been allocated to them because NJ is a NON debt forgiveness state; any thoughts???
Ken
Added by Ken Ferman on September 13, 2011 at 10:01am — 5 Comments
Added by Investor on September 13, 2011 at 2:59am — 7 Comments
Added by Chris Andries on September 12, 2011 at 12:34pm — 2 Comments
I am trying to gather some information for a client who I will be refering to a Las Vegas Realtor.
What is your overall assessment of the S.S. activity in Las Vegas?
Also, do you have any suggestions for a Las Vegas area Realtor?
Thank you for your input and suggestions!
Added by cassie on September 12, 2011 at 6:18am — 3 Comments
Well Bank of America did it again. They foreclosed on a home owned by a single mother of five children, one a newborn last Monday after we were told numerous times that her short sale was approved.
This hard working mother of five commutes to work every day from Victorville to Manhattan Beach, a 103 mile one-way trip in order to keep a roof over her family’s…
ContinueAdded by Diane Wheatley on September 12, 2011 at 3:56am — 5 Comments
I am new to ShortSaleSuperstars. I have used it as a reference a few times and known about the site for over 6 months, but just decided last week that I need to get involved more with internet blogging for my real estate business. Since I specialize in negotiatiing short sales, I thought it important that I join networks online that pertain to short sales. It looks like this is the best there is, so I am diving in :) - I will do my best to comment on as many questions and forum posts as I…
ContinueAdded by Joshua Gayman on September 11, 2011 at 8:05pm — No Comments
Today in the Mercury News there was a story about how first time home buyers who need to purchase with loans are getting beaten out by investor cash buyers who often offer less than traditional buyers for foreclosures. …
ContinueAdded by Marcy Moyer on September 11, 2011 at 11:53am — No Comments
It would be a great idea for the administrators of ShortSaleSuperstars to modify the site to allow the location of the agent (blogger) to be easily seen on the individual blog posts. This way, we can be aware of the other agents in our area. Reason: I like to keep away from competing real estate agents' blog posts as a courtesy so they don't think I have any intention of attracting their potential clients/visitors.
Cheers,…
ContinueAdded by Cameron Novak on September 10, 2011 at 8:30am — 4 Comments
Hi,
I am a first time buyer. We submitted our offer in Mid June, 2011, and seller recently got BOA HAFA (just one loan) approval; however,we are still waiting for the HSBC (Investor Bank) authorization. Listing agent saying it will be any day.
Our agent said that listing agent constantly talking with BOA but no access to HSBC. But BOA assured him that HSBC agreed on the price we offered. HSBC will approve it any time and BOA will send the apprvoal letter.Our File…
ContinueAdded by Home buyer on September 8, 2011 at 11:27am — No Comments
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