All Blog Posts (2,089)

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 7:20am — 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 6:23am — 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 6:33am — 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 3:39am — 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 2:38pm — 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 5:53am — 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 8:47am — 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 8:39am — 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 5:40am — 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 4:05am — 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 3:57pm — 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 10:53am — 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 7:36am — 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 5:07am — 5 Comments

Wisconsin September 2014 Housing Statistics

The Wisconsin housing statistics are in for September 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 October 30, 2014 at 5:20am — No Comments

YES I Conquered: Another "Notch" in My Belt of Short Sales

It's like winning the lottery...well maybe, it's like climbing a mountain...small exaggeration, OK, it is most like the 20 ft putt that drops in to win a masters...you know, leg kick with fist high up in the air...Yep, it's most like that...the feeling of Bank Approval...because the road to get there has been down right dirty...

No homeowner should need to go through what Short Sale Clients go through but each one of them are troopers, I feel we share…

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Added by Melissa Polce on October 29, 2014 at 12:31pm — 1 Comment

Simple Things to Get Your Home Ready to Sell

Simple Things to Get Your Home Ready to Sell

Getting ready to sell a home involves a lot more than just the home. There are also emotions, schedules and other things to consider. Here are some tips to help you in getting ready for the day you hand over the keys to the new owners.

Remove Old Items

Over the course of time most people accumulate lots of things that are no longer needed. It is fairly common for folks to have…

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Added by Michael Collins, CDPE, SFR on October 22, 2014 at 4:06am — No Comments

Longwood Fl Short Sale Superstar Has Success With SPS

 Longwood Florida Short Sale Superstar Bryant Tutas and Tutas Towne Realty, Inc   just had another successful Longwood Florida Short Sale closing with Select Portfolio Servicing.

The property:

Primary Residence vacated almost 6 years ago. 2 bedroom 1 bath condo located in…

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Added by Bryant Tutas on October 19, 2014 at 2:52am — No Comments

Orlando Fl Short Sale Superstar Closes Another Orlando Short Sale

Orlando Florida Short Sale Specialist Bryant Tutas and Tutas Towne Realty, Inc   just had another successful Orlando Florida Short Sale closing with Citi Mortgage and Bank of America.

The property:…

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Added by Bryant Tutas on October 19, 2014 at 2:48am — No Comments

Provident Bank Short Sale???

Does anybody know if Provident Bank ( not Provident Funding) does any short sales  or know how I can submit? 

Added by Brisa Cabrera on October 6, 2014 at 8:12am — 2 Comments

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