Layman, here. I don't do real estate. But I have recent experiences that some of you might want to know about.
Since Nov. I have had Hubzu to remove listings for an encumbrance modular home that rests on my land, on not one, not two, not three, but four occasions. Finally, Hubzu has corrected the listing to represent their land only. But if I had not searched the address when I saw signs of renewed activity at the house. I would have an unwelcome family living in my…Continue
Added by Pamela H. Kinzey on April 5, 2016 at 12:59am — No Comments
Hi does any one have a Script for Short Sale when cold calling?
Added by Gerry Pagano on February 23, 2016 at 2:46pm — No Comments
Homes for Heroes is a national program dedicated to providing extraordinary savings to heroes who provide extraordinary services to our community each and every day, when they buy or sell a home.Continue
Added by Michael Collins, CDPE, SFR on February 18, 2016 at 6:54am — No Comments
I am working with an active duty airman who is trying to get approved for a short sale through US Bank. We have been working towards this since July. We have the house in contract and cannot get further than the "in review" stage. We've been through 5 relationship managers and still nothing. VA is the investor. Is there anything else I can try. I've called and spoken to anyone that will help. The last time the file was reviewed was Jan. 25th. They did a liquidation appraisal back in…Continue
ARE SHORT SELLERS STILL GETTING THE SAME $10K RELOCATION AND HOW MUCH SHOULD I OFFER TO SECOND MORTGAGE ON THIS CASE. BIG THANKS FOR YOUR COMMENTS!
Added by wally pelaez on January 12, 2016 at 1:55pm — No Comments
I live in New Jersey and want to buy a short sale in Perth amboy NJ. Wells FARGO has the first mortgage and chase has the second lien on the property.
The short sale has been approved but Wells Fargo wants to give Chase only 6000 dollars but Chase wants 12,300.
Both of them are not agreeing on the amount.
The sale price of the property is 250,000 which I am ready to pay. What should I do. I am in a fix.
Added by Jayanti Hegde on November 16, 2015 at 11:39am — No Comments
I was hired by the listing agent to save this short sale Franklin played their silly games. We offered $12,000.00 They countered back at $20,000.00 Buyer walked. Month and a half later obtained new buyer, whose offer was approved by and the first lien holder, and allowing $20,000.00 to Franklin. They came back and countered at$28,000.00 claim they have new guideline. That is a crock. This one will end up in foreclosure. Other than preaching to the choir, who can we reach out to stop…Continue
Added by Tony Morales on October 22, 2015 at 8:11am — No Comments
I am currently having problems with appraisal coming in to high. This makes it difficult to get offers on these properties. I keep fighting the appraised values but it seems like it is an endless task. I have found contacting the Financial Consumer Protection Bureau has helped is most cases. They don't ignore you they respond with in a few days. I have managed to over turn appraised value with their help. I don't know if anyone else is having these problems but please share with me any…Continue
I have a VA short sale, Wells Fargo first lien holder and CitiFinancial holding second. Wells Fargo already appraised the property, so I know the minimum net amount Wells wants to receive at closing.
In order for Citi to release the second, Citi wants the seller to pay $1,000 "good faith deposit" at…
Hello - does anyone know if HAFA payout to 2nd lien holder $12,000 can be applied to judgments on title? There is no 2nd lien holder.
Finding out if IndyMac or any other banks will do reverse mortgage shortsales.
Anyone successful with one?
Items that Repel Home Buyers
The seller’s market that was so prevalent a few short years ago seems to have shifted in favor of the home buyer. Thanks to an overall improvement in the economy and home prices that have risen by 10% or more for the past year, buyers are becoming a bit more selective about their purchase. Here are some items that scare buyers off and what you can do to fix it.
Added by Michael Collins, CDPE, SFR on May 14, 2015 at 7:01am — No Comments
1st mortgagee, PHH is requiring Citi, 2nd Mortgagee to provide Deficiency Waiver. PHH is giving defiency waiver. Borrower is investor recently discharged from bankruptcy. Citi, who is getting the usual $6,000 says no.
Since PHH is not giving waiver out of the goodness of their heart I'm assuming the borrower bankruptcy is the reason. If so anybody have an opinion why Citi is unwilling?
Added by Alfred R Wetzel on April 24, 2015 at 9:22am — No Comments
The real estate downturn of the mid-2000s is mostly over and the market is heating up, with prices rising in all over the U.S. In Wisconsin, the real estate market might be even healthier than in other locales, with new and existing home prices expected to rise 2.4 percent by early 2016. It might just be the perfect time to buy, but before you make any offers, you need to do a little planning to make sure you can pay out over the long run,…Continue
Added by Michael Collins, CDPE, SFR on April 22, 2015 at 7:17am — No Comments
Can franchising be the turning stone in the financial progress of Australian investors?
Reveal the story behind the over 90% prosperity in the Australian franchise sector and discover how becoming a small business owner developed into a winning strategy for ambitious entrepreneurs…Continue
Added by Veronika Adriane on April 21, 2015 at 12:00pm — No Comments
The Wisconsin housing statistics are in for the month of March, 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:
The Wisconsin housing market grew substantially in…
Added by Michael Collins, CDPE, SFR on April 20, 2015 at 10:05am — No Comments
The Wisconsin housing statistics are in for the month of February, 2015. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:
The Wisconsin housing market showed…
Added by Michael Collins, CDPE, SFR on March 25, 2015 at 6:17am — No Comments
The first is with OCWEN, who have become much easier to deal with. It's the second that have caused me problems. Real Time Solutions..aaargh!! So vague, and so not interested in making things…Continue
What is the Purpose of an Appraisal?
A mortgage has many specific pieces involved in it. Obviously there is the money supplied by the lender to pay the seller for their asking price. There…Continue
Added by Michael Collins, CDPE, SFR on March 11, 2015 at 8:07am — No Comments
I think Chase has gone off the rails, I have been working on this short sale since June, Chase wants appraised value, which of course if high. The problem they are so understaffed they keep ignoring the file or kicking it out. I have an offer in and they have turned down an offer and one has walked because of the repairs needed on the home. I went to OPS and they told me the reason it is taking to long to respond is because each agent has over 200 files to work! I was told by another…Continue