The Global Impact Investing Network defines Impact Investing as
”Investments that aim to solve social or environmental challenges while generating financial profit. Impact investing includes investments that range from producing a return of principal capital (capital preservation) to offering market-rate or even market-beating financial returns. Although impact investing…Continue
Added by Jorge Newbery on October 31, 2013 at 12:00pm — No Comments
How to properly evaluate a potential investment property
Added by Michael Collins, CDPE, SFR on October 31, 2013 at 7:17am — No Comments
Unfortunately there's no website for Umpqua shortsales. After the First agreed to a HAFA shortsale; they said to ask the 2nd lienholder if they participate in HAFA shortsales. They said they "HAD TO." Now 2 months later after accepting paperwork, then NOT accepting the same paperwork, they agree to the shortsale AND with the payoff but will NOT release my seller of the liability. I asked them to rereview the file with his new updated financial statement and hardship letters, HAFA…Continue
Added by DESCHUTES REALTY on October 28, 2013 at 11:46am — No Comments
Hello- I need some info from anyone able to help- I am at my end of the rope with Chase , Chase is requiring the first who is SPS loan servicing to give them a HAFA letter of approval before they will give there letter of approval- well the 1st per HAFA guidelines can not do this-they need the 2nd approval before submitting it for approval from there investors- I have been going round and round with these 2 banks for 6 weeks and getting absolutely no where- Has anyone gotten one approved…Continue
Added by Laura C Mitchell on October 25, 2013 at 7:32pm — No Comments
American Homeowner Preservation (“AHP”) today launches a crowdfunding solution to the foreclosure crisis, offering accredited investors annual returns of up to 12%. AHP purchases pools of distressed mortgages at significant discounts from banks and other lenders. The strong returns are a result of the discounts negotiated with lenders which sell their loans coupled with AHP’s formula to achieve prompt, consensual solutions with borrowers.
The first offering on …Continue
Added by Jorge Newbery on October 25, 2013 at 12:00pm — No Comments
Just Sold! 409 East Street, Stoughton WI 53589
We are happy to announce a recent home closing in Stoughton, Wisconsin. This was a home closing where Rock Realty represented both the buyers and the sellers. The sellers had moved out of state and left it to Michael Collins at Rock Realty to guide the transaction to a successful…Continue
Added by Michael Collins, CDPE, SFR on October 24, 2013 at 2:47pm — No Comments
I am a buyer on a shortsale property in los Angeles.
The file was transfered to NationStar and property going to be Auctioned by Auction.com
My offer is already signed by seller and I was waiting for shortsale approval from BOA that BOA informed the listing agent that they transfered the file to NationStar and shortsale process must start all over with them.
I need to know since I have a signed contract do I have a any right.
I have read a lot of posts regarding this over the last few days since I found out that they are going to "require" my client go through the auction.com process. First of all Auction.com is a licensed Real Estate firm out of California licensed to do business in the Commonwealth of Virginia where I am located. Which means that they are in violation of no less than Article 16, Standard of Practice 16-3 and 16-4. We have a valid Ratified contract in place along with a signed listing…Continue
$60,000 opening bid! Previously valued at $210,600!
Added by Michael Collins, CDPE, SFR on October 23, 2013 at 6:16am — No Comments
We are happy to announce a sale for another Madison Wisconsin Rock Realty home seller!
This home was the perfect little tri-level on Madison's East Side. The buyers got a great price on this bank accepted short sale. Congratulations to the buyers and our sellers on this successful Madison short sale transaction!
If you are…Continue
Added by Michael Collins, CDPE, SFR on October 21, 2013 at 10:36am — No Comments
I know with all the collective experience on this site, someone has to know something about this.
I have a Realtor friend who is interested in buying a home that has been foreclosed but is not yet listed. It is with JP Morgan. What office would she contact to find out whether the bank would deal directly with her to purchase OR do they not do that and just prefer to wait until the asset is ready to list and then just list it?
I work foreclosures for…Continue
Added by Julissa Jumper on October 17, 2013 at 10:34am — No Comments
How To Dispute A Fannie Mae Value On A Short Sale
Hi folks. If you work Short Sales you know that one of the issues we have right now is Fannie Mae coming back with values that can not be supported by the market.…Continue
I just received an email from our Seterus negotiator asking for the seller to sign a promissory note for $27,000 and make payments of $450 for the next 60 months. Is there any body who has received a fannie mae counter and been able to counter back at a lower amount and get approved??
Lately, there has been much made of the current “housing recovery,” with many thinking that the market turn around has begun and that the end is near for short sales. I could not disagree more, and here’s why:
Has the market recovered?
According to Steve Berkowitz, CEO of Move, Inc., which operates realtor.com®, “Where we have seen significant volatility in many markets — including double-digit declines in inventories as well as increases in median price for…Continue
Home sales and median prices both grew at a healthy pace in August, continuing the hot real estate market in Wisconsin. Existing home sales were up 13.7 percent in August compared to last August, closing out a very strong summer for home sales and 26 straight months of sales growth.…Continue
Added by Michael Collins, CDPE, SFR on October 3, 2013 at 1:45pm — No Comments
These home renovations tend to not pay back your investment.
Added by Michael Collins, CDPE, SFR on October 3, 2013 at 9:09am — No Comments
Effective October 1, 2013 U.S. Department of Housing and Urban Development (HUD) has announced the following changes to their Federal Housing Administration (FHA) Short Sale requirements:
Added by Jason Opland on October 2, 2013 at 11:29am — No Comments
I am frustrated with the lack of consistency and organization at the loan modification dept that you have to go through before you can go to the short sale dept. Can anyone out there get that dept straightened out?
My average time in that dept is about 5 months, with one still stuck in there after over 6 months and they already had gone through the loan mod process before we listed it. One assigned representative says that if they are approved for a loan mod even if it isn't an amount…Continue
I was just told on a Wells Fargo, Freddie Mac loan that they won't accept doing a short sale on the property and basically said that their minimum acceptable net is exactly what is owed. The price that we would need to sell it for is about $50K higher than Fair Market Value on a $200K - $220K valued property. Wells Fargo did say that they are not privy to the BPO value that it goes directly to Freddie. We did get a BPO agent that many agents in our office have been having value problems…Continue