All Blog Posts (2,094)

How to Winterize Your Real Estate Business

Real estate agents are small business owners trying to earn an income and gain wealth. They have to steer their business through rough waters, deal with decreases in commission, handle difficult clients and compete with hundreds of other agents in the industry. You need a road map for success so you don’t get…

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Added by Carolyn A Best on February 20, 2015 at 9:00am — 2 Comments

Update Hubzu - Ocwen

So last week the house was broken into. The copper pipes were stolen from the basement only. We are still waiting for Hubzo to approve the application to post the house. We have been ready to close for months now. This could have been avoided if they accepted the offer months ago. Now we have to decide if we want to pay to replace the pipes be cuase the homeowners insurance policy
does not cover theft. This sucks. Ocwen has had the file for months

Added by Heather on February 8, 2015 at 2:08pm — No Comments

Finding the Elusive Starter Home

Finding that Elusive Starter Home

The past few years have brought several changes in the real estate industry. The housing bust of 2006-08 led many people to either sell or walk away from their home. As the market is continuing to rebound, many investors have scooped up homes at affordable prices and are offering them as rental properties. In addition, other…

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Added by Michael Collins, CDPE, SFR on February 4, 2015 at 8:38am — No Comments

Ocwen Short Sale-Help!!!!

Hi everyone,

We put a offer in on a short sale. It was submitted to the bank in October. There is two mortgages from what I know. Ocwen is the second holder from what we know. We were told in Novemeber that we would know in 10 days as it was submitted to the lender for final approval. Since then they have requested more paperwork from the sellers and we were told around Christmas time it was now in review for another 30'days. There is a attorney working with the sellers. We got a phone… Continue

Added by Heather on January 28, 2015 at 2:41pm — 4 Comments

Submitted Wells Fargo Home Mtg HAFA pkg. Processor is requesting "RFI PARTIAL LETTER"

The processor sent me another blank Request for Mortgage Assistance pkg(RMA) and says that the RFI PARTIAL LETTER is included in the income doc package? I can't find this form in the pkg? No response to my email or voice mail message to her. I called the liquidation dept and they said they could only send a message to processor to contact me. Anyone know what this document is? Appreciate it!

Added by Eileen Johnson on January 28, 2015 at 11:37am — No Comments

Wisconsin December 2014 Housing Statistics

Housing Market Ends Strong in 2014

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

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The housing market ended 2014 on a strong note with both existing home sales and…

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Added by Michael Collins, CDPE, SFR on January 20, 2015 at 10:30am — No Comments

HAFA Relocation Incentive Increases to $10,000 On 2-1-2015

Hi folks. Good news for folks that qualify for a HAFA Short Sale. As of February 1, 2015 the relocation incentive available to the occupant/borrower is increasing from $3,000 to $10,000!!

 

That’s right we may be able to get you $10,000 to assist you with moving from your property once the HAFA Short Sale is completed. These funds are paid to the OCCUPANT of the property even if they are not the owner/borrower.

 …

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Added by Bryant Tutas on January 20, 2015 at 10:20am — 2 Comments

HAFA short sale relocation assistance raised to $10,000 !!

Effective February 1, 2015, if short sale is approved through HAFA, $10,000 relocation assistance funds will be paid to property occupant.  This has been increased from $3,000.  Also, new directive states senior lien can allow up to $12,000 to junior lien up from $8,500 in the past.  Treasury will reimburse first lien $2 for every $3 they provide to junior lien at short sale closing.  All the HAFA changes are available on the link below:…

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Added by Wendy Haisley on January 15, 2015 at 9:23am — No Comments

got a resolve to HAFA for a deceased person - SPS

finally spoke with someone at SPS who knew what she was talking about.  She said a deceased person doesn't and wouldn't qualify for HAFA.  I would just have to have the PR, Executor or POA to sign the Hardship affidavit.  The bank still does a BPO and credit check -good luck with the credit check!  At least the issue has been resolved.

Added by Kathi on January 14, 2015 at 9:33am — No Comments

US Bank Short Sale/ Modification

Hello everyone

I have question.

I had a seller to call me about short selling her home. she was granted a modification a few months ago (which she accepted). Now she has decided she no longer wishes to proceed with the modification and wishes to apply for a short sale.  Has anyone had this situation before and what are the chances  of getting the short sale approved,being that they have already approved the modification?

Thank you

Added by Tammy Williams on January 13, 2015 at 6:39am — 3 Comments

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, ashley@tomsmolinski.com. 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:

~~~~~

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

Wisconsin October 2014 Housing Statistics

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

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Added by Michael Collins, CDPE, SFR on November 26, 2014 at 1:53pm — No Comments

Why Choose Us For Your Reno Sparks Short Sale?

Why Choose Our Team For Your Short Sale?

  • Our team has over 10 years of short sale experience in the Reno – Sparks real estate market.
  • We are statistically one of the top performing short sale experts in the Reno-Sparks area.
  • Our commitment to each homeowner is the same… We will evaluate each situation individually to help you determine which option is best for you.
  • We will strive to make the Short Sale process as smooth, effortless and private as…
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Added by Heath Montgomery on November 20, 2014 at 10:36am — No Comments

Short sale - borrower deceased - bank wants to do HAFA

I have bank (SPS) that absolutely will not move forward unless the PR signs the HAFA hardship affidavit.  I told them that since the borrower is dead, he wouldn't qualify for HAFA. They don't care.  The Hardship aff states that the borrower is requesting to be reviewed for MHA. Are they allowed to do this??

Added by Kathi on November 11, 2014 at 8:07am — 5 Comments

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