Good afternoon Everyone!

Just wanted to introduce myself to the group. My name is John Miller and I work with Keller Williams in Sewell, NJ. Looking forward to sharing and receiving information from other members in the forum.

From ballotpedia.org,

The Florida Property Tax, called Amendment 4, is on the November 6, 2012, state ballot in Florida as a legislatively-referred constitutional…

Just letting homeowners thinking about doing a short sale know of some of the last minute craziness that is sometimes unavoidable.  I have a file where the borrowers property took several months to get under contract.  In South Florida, that is a rarity!  Properties here can get multiple offers as soon as the same day of listing.  So in this case the one lender on the file calls me yesterday to advise me if the property does not close in 2 days that unfortunately, the property will have to…

We listed a house that was in awful condition at $90,000 May 1, 2012.  We then initiated a HAFA short sale.  As you know, it can be initialted until it is listed.  On May 4, we got a cash offer of $70,000.  It was held until all documentation was done as it should be.  It was assigned by BOA to their vendor AMO, all docs were sent to them other than the offer. An appraisal was done 5/22.  It then was re-assigned by BOA to NDS (another vendor) and a negotiator was assigned (Rebecca King) on…

Good morning Superstars. Have you ever been sued by a Seller or Buyer?? I haven't. But if I were I'd be ready to stand in front of any judge and defend myself.

It's my opinion that over the next few years there is going to be a huge increase in lawsuits against agents and brokers. Mostly related to Short Sales. That Seller you helped is going to be real pissed off, 5 years from…

When there is a Junior Lien (secondary mortgage) that is delinquent more than 120 -180 days a creditor may choose to charge-off the debt owed. A charge-off is the declaration by a creditor that an amount of debt is unlikely to be collected. In doing so the creditor is able to write off the full amount on their taxes and claim it as a loss. A Charge-Off does hurt your credit and can stay on your credit report for up to 7-10 years.



It’s important to know that it would be rare for a…

By now you are probably telling yourself, having an investment property is not as easy as you thought. To make matters worse, your property is now underwater and it shifted from an Asset to a Liability. It is a liability because you may be dealing with negative cash flow, accruing repair costs, vacancy, and most importantly, it is underwater meaning you owe more on the home than it is worth. Let’s explore some options.

No Credit Ding…

Let’s Take a Ride

I can't find the HELOC and seller does not know says he got notice it was being sold from PNC but never to whom.  MERS has two Bof A loans down but when I call they say they do not have a second for it.  Any ideas?

I was reading about short sales, as I do every Sunday morning on a great site for short sale information Short Sale Superstars. There was a discussion about a Bank of America Short Sale that had been approved, and then denied after the approval, a few days before closing. The reason:

The seller was a real estate broker and the listing agent works for the seller. The buyer…

Palm Lakes Short Sale CLOSED!

Another Short Sale Listed, negotiated and CLOSED by the Desert’s Short Sale specialist.  This cute condo at Palm Lakes in Palm Desert was a B…

Good morning Superstars.

Here are this week's Superstar discussions.

Bank of America is Offering To Pay Off Second Mortgages?|Carson|  Leesa Hammond

As part of the National Mortgage Settlement, Bank of America announced on Friday that it is in the process of  mailing approximately 150,000 letters to their pre-qualified homeowners offering to cancel their second mortgage.  The intention of Bank of America is to help improve the financial position of the homeowner by decreasing their monthly payment obligations and potentially creating an equity…

What is Mortgage Insurance?                        



Mortgage insurance is a financial guaranty for the lender that will help to reduce or eliminate a loss in case the borrower defaults on their mortgage. MI is almost universally required on loans where there is less than twenty percent equity. That means if you are purchasing a home with less than twenty percent down or refinancing to more than eighty percent of your homes value, you are going to be required to pay…

SHORT SALE HOUSE UPLAND CA

If you are facing foreclosure and you can no longer afford your home, you may qualify for a Upland CA Short Sale, even if you don't think you can or don't think your home can be sold in today's market.

What is a Upland CA Short…

MURRIETA CA SHORT SALE REALTORS

Murrieta CA Short Sales Made Easy…

You Pay Nothing For Our Murrieta CA Real Estate REALTOR Services!

SHORT SELL THAT MURRIETA CA HOUSE NOW!…

GRAND TERRACE CA SHORT SALE REALTORS

Grand Terrace CA Short Sales Made Easy…

You Pay Nothing For Our Grand Terrace CA Real Estate REALTOR Services!

SHORT SELL THAT…

“Walking away from my property” is a phrase often used by struggling homeowners who are considering allowing their homes to fall into foreclosure. However, the phrase does not accurately depict what negative effects a foreclosure actually has on a borrower’s situation yet many believe that it is as simple as letting your home fall into foreclosure and walking away. That is certainly an understatement and I will tell you why.

Think about the basic situation. You borrowed money from X…

I'm working w/ PHH and the financial consultant/doc gathering person is moving slow the 1st 30 days. Does anyone have any current contact #'s for a supervisor in Loss mit or Short Sale escalation? Thank you- Bob