Looking for verbiage/clause/paragraph that someone has used for a client in asking the banks for a deficiency judgement release. If you have something you have used, please share. Thank you
Added by Sandra Salsbury on October 28, 2010 at 1:46pm — No Comments
Bank of America announced last week that it will not proceed with foreclosures in all 50 states while it reviews its procedures for foreclosures.
The question, is what effect does Bank of America's Foreclosure Moratorium have on the Riverside County real estate market and those who are facing foreclosure or considering selling their…
Added by Cecilia Rodriguez on October 27, 2010 at 2:06am — No Comments
Added by Grace Keng on October 26, 2010 at 4:01pm — No Comments
Added by Grace Keng on October 26, 2010 at 4:00pm — No Comments
Short Sale Success goes beyond the commission check. We as realtors, have…Continue
Added by Mike Sher on October 24, 2010 at 9:48am — No Comments
Bank of America has approved the short sale for 27 9th Street, Shalimar Florida townhome in Country Villas. The original mortgage was for $104,000. The sale price will be about $60,000.
The really good news for these Shalimar short sale sellers? No deficiency!…
Added by Wendy Rulnick on October 22, 2010 at 1:35pm — No Comments
I am an agent from the Metropolitan Detroit Area. We have closed over 60 short sale in the past 30 months. We have sold 52 house year to date. I will be in San Francisco
October 22, 23 and 24th. Looking for a Short Sale Realtor with a
similar book of business to share ideas with out the fear of future
competition. Please email me at…
Added by Mike Sher on October 21, 2010 at 9:54am — No Comments
Mike Sher team has closed over 50 short sales in the past 24 months. We are…Continue
Added by Mike Sher on October 21, 2010 at 7:45am — No Comments
Added by Craig Barry on October 19, 2010 at 3:55pm — No Comments
I am selling my house that the mortgage is through Citimortgage and it is a VA loan (JEMC?).
I bought the house almost exactly 2 yeas ago for 285k and the only offers I have received are for $145k and $150k.
My concern is that the deficency will not be forgiven by the VA and due to my salary reduction I could not afford to pay back the deficent amount.
My realtor is not familiar with the VA process only telling me that all of the short sales they have done the deficent…Continue
Added by Phil Johnson on October 19, 2010 at 7:28am — No Comments
Added by Lou Baron on October 19, 2010 at 5:18am — No Comments
Added by Keith W. Conaway on October 18, 2010 at 3:13pm — No Comments
Added by Craig Barry on October 18, 2010 at 10:47am — No Comments
Foreclosures and short sales have changed the way we look at we real estate. Instead of looking for the ideal home to raise a family in Buyers now just want a deal. It's all about the price and getting the best house for the least amount of money.
But what I see as a Florida Real Estate Broker is broken dreams and lives. Families uprooted and torn apart. The frustration and stress of losing…Continue
Added by Bryant Tutas on October 15, 2010 at 3:00pm — No Comments
I have a seller who signed an "option" contract with an investor. It does not appear to me to be a real offer to purchase, but rather an offer to market for an end buyer with the option to purchase at a lower price. So I am reluctant to ask my title comany to do a preliminary HUD-1 for something I don't quite understand.
Most of the investors who contact me as a short sale specialist want to do something similar to this. Meantime, I've heard from…Continue
Added by Elva Branson-Lee on October 14, 2010 at 7:42pm — No Comments
Problem: The short sale lender, Chase, has called you and left a rambling voice mail. There are three items you are required to get from your seller, or they will "close the file”.…Continue
Consider a SHORT SALE if:
Added by Rob Kittle and The Kittle Team on October 13, 2010 at 3:19pm — No Comments
I just like to share with you this article about What the House bill is doing to force Banks to speed up the process of Short Sales. It's a great idea but are they able to pass this so that the process won't take so long for Homeowners and for Buyers. I sure do hope so. Someone has to do something..... http://House Bill Would Force Lenders to Decide on Short Sales in 45…Continue