December 2014 Blog Posts (7)

SPS (Select Portfolio)

We have been negotiating a Short Sale in Florida since July. SPS finally accepted offer mid November with a close on or before 12/19. Title Company was working on IRS Tax Lien release. Broker said he spoke to SPS and received a verbal extension. IRS released lien 12/24, close date due to holidays 12/29. Wired cash funds to Title Escrow account 12/26. SPS refused to allow us to close yesterday because of the delay and are refusing to file paperwork to postpone Foreclosure Auction through Clerk… Continue

Added by Linda Boller on December 30, 2014 at 5:38pm — 3 Comments

Dayton Ohio Short Sale

I am not licensed in Dayton, Ohio. I have a client that just relocated to Michigan but needs to short sale a house in Ohio. Please email me if you are interested in a referral, [email protected] Please include a description of your process, success rate and possible referral fee. 

Thanks :)

Added by Ashley Den Uyl on December 30, 2014 at 8:53am — No Comments

Wisconsin November 2014 Housing Statistics

The Wisconsin housing statistics are in for this November of 2014. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

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Existing home sales in Wisconsin fell in November compared to the same month last year, but home prices increased over the same period,…

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Added by Michael Collins, CDPE, SFR on December 26, 2014 at 11:47am — No Comments

FHA Discounts for First-Time Homebuyers

First-Time Homebuyers Discounts through FHA

People in the market for their first home can take advantage of a new offer from FHA. This new initiative aims to provide more information to buyers though classroom education and will reward them with a reduction in the premiums paid towards mortgage insurance.

FHA-Discounts-for-First-Time-Home-Buyers

 

 

HAWK to the…

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Added by Michael Collins, CDPE, SFR on December 15, 2014 at 11:39am — No Comments

Best Quote I Have Ever Heard to Tell Regular Agents

Most Short sales once approved, go off without a hitch...however there are those few agents who like to buck the trend, who think they are doing their buyers some good use when trying to extend or back out Closing Dates that must be met...I for one have 1 of those right now...who keeps sending an addendum to extend, who wants to try and protect the buyers Earnest Money...JUST STOP I want to say...why don't you just focus on getting your buyers loan closed..

"This is short sales, they…

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Added by Melissa Polce on December 8, 2014 at 8:40am — No Comments

2014 TAX RELIEF TO SHORT SALE FORGIVEN DEBT PASSES

In a long expected vote by the House of Representatives, HR 5771 was passed today just after 3 pm ET.  HR 5771 in section 102 provides for the extension of the presently expired Mortgage Debt Forgiveness Act, which expired at the stroke of midnight December 31, 2013.  The law is now extended though December 31, 2014.  Efforts to have the extension for 2 years failed.  Interestingly the bill, introduced just days ago, was given a 10% chance of passage on Monday by Govtrack.US…

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Added by Melissa Polce on December 4, 2014 at 7:05am — 1 Comment

La Quinta Short Sale is finally making progress!

I've been doing Short Sales here in the Palm Springs Valley for many years.  2013 saw a dramatic fall in the numbers of Short Sale and Foreclosed properties come up for sale in  all our Valley cities, and 2014 saw the same trend continue.  Very good for the general health of our market!

I am currently working on…

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Added by Kimberley Kelly on December 1, 2014 at 6:57pm — No Comments

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