All Blog Posts Tagged 'palm' (36)

A Guide To Home Mortgage Rates

Added by David Heroux on November 22, 2013 at 5:29pm — No Comments

Short Sales coming up in La Quinta, California

I haven't been listing nearly as many short sales this year. There are not as many upside down homeowners here in the Palm Springs Valley, and that's a good thing!  I have also become very saavy about which short sales have the highest percentage for a successful closing.

New La Quinta short sales coming up next week …

1.  North La Quinta single-family home in…

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Added by Kimberley Kelly on May 2, 2013 at 1:30am — No Comments

OCWEN has been great to deal with so far...

The Homeward Residential Short Sale that I listed, then got transferred to OCWEN has been quite straight forward.  OCWEN contacts responded to me when I informed them that I already had an offer with Homeward, and it only took about 2 weeks to get the offer uploaded into OCWEN. 

Took another 6 weeks or so to get final approval, but they did not counter at a hyper…

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Added by Kimberley Kelly on April 28, 2013 at 3:33am — No Comments

Palm Springs Valley short sale listing numbers in decline..

Palm Springs and the desert cities in general are seeing declining short sale listings.  Not just the numbers in listings, but also the prices have begun to creep up to closer to FMV.  Why?  I suspect there are several things at work here...

1.  We are a resort town.  By that I mean, there are many buyers wishing to own in our winter wonderland and so very few…

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Added by Kimberley Kelly on January 27, 2013 at 4:02am — 1 Comment

Two more Short Sales to close by the end of the year...

Only TWO closes left to accomplish in 2012. 

 

One with GMAC who used to be so easy.  Single family home in a 55+ area of Desert Hot Springs, CA.  Then they hired a Negotiation company, who fouled up the deal and then the Investor, FNMAE pulled their usual, "If you can't get me this much money..forget it!"  OK..the buyers did forget it!  I presented them the…

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Added by Kimberley Kelly on November 25, 2012 at 2:43am — No Comments

Another La Quinta Short Sale CLOSED!

This cute little house was listed, negotiated, and CLOSED in less than 90 days by your Palm Springs Short Sale Specialist!

Primary home and the Sellers were relocated.  One note with Chase, and the negotiator was good; meaning she responded relatively quickly.  The closer dropped the ball a couple times,…

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Added by Kimberley Kelly on October 28, 2012 at 3:05am — No Comments

Fraud hits EVERY industry..including Short Sales!

Here in the Palm Springs Valley of California, the past 4 years have seen a pile of Short Sales listed and closed.  Unfortunately, there have also been some questionable methods to this short sale madness.  This article sums up some of the Short Sale fraudulent practices that are showing up more and more frequently.  If you are considering a Short Sale, be sure to use a list Agent that is experienced in your area and bone up on the Short Sale Law in your state.…

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Added by Kimberley Kelly on October 13, 2012 at 10:17am — No Comments

Palm Desert Short Sale; Listed to Close in under 60 days!

Palm Desert short sale List Agent

Palm Lakes Short Sale CLOSED!

Another Short Sale Listed, negotiated and CLOSED by the Desert’s Short Sale specialist.  This cute condo at Palm Lakes in Palm Desert was a B…

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Added by Kimberley Kelly on October 7, 2012 at 10:47am — No Comments

Another Short Sale APPROVED by your Palm Springs Valley short sale specialist.

Short Sales are listed to be APPROVED, and that's just what has happened...again here in La Quinta, California.

 

5255 Avenida Obregon, La Quinta, CA. 

Primary Residence with one note with Chase.  Sellers were relocated for work. 

Listed and approved in approx. 90 days. 

Approx. Note value: $165,000

Approved at $135,000.  Not a huge write down for the Lenders, and they were…

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Added by Kimberley Kelly on September 10, 2012 at 3:12pm — No Comments

La Quinta short sale specialist CLOSES another one!

This La Quinta Short Sale was not a slam dunk.  Two notes with different Lenders, but still CLOSED in approx. 95 days.  I don't just list my Short Sales..I CLOSE them. 

81375 National Dr.  La Quinta, California   PGA West

First note with B of A:  Approx. Value of 1.4…

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Added by Kimberley Kelly on August 14, 2012 at 3:26am — No Comments

Palm Desert, CA., B of A COOP Short Sale; Gone in 1 day!

My reservations about B of A's COOP short sale program may be easing here in Palm Springs Valley of California.  The only drawback I could see was that the appraisals kept coming in over market, and that dragged out the Listing time.  However, there are reductions scheduled for every 21 days so with this Short…

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Added by Kimberley Kelly on August 11, 2012 at 3:18am — No Comments

Palm Desert, California B of A COOP short sale coming up any day..

Cute as a button, remodeled, 1bd/1ba Condo coming up at Palm Lakes in Palm Desert, CA. This short sale is a COOP short sale with B of A. That means that the List Price has already been approved by the bank and the close will be quicker than with a standard short sale.

Palm Lakes is a gated community of Condos offering a clubhouse, 2 tennis courts, community pool and lots of lush, green common areas..all for $225/month HOA fees. This particular unit is in a great location on the second…

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Added by Kimberley Kelly on August 7, 2012 at 2:40am — No Comments

Short Sale APPROVED; La Quinta, California

PGA West, the 6 course golf community in La Quinta, California is where my latest approval came through.  This gorgeous single family residence with our most desireable orientation (South for most sun!), had two notes against it.  The owner had tried to sell it for almost 3 years..always chasing the market and not succeeding.

81-375 National Dr.  Listed on 5/27 and…

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Added by Kimberley Kelly on July 21, 2012 at 1:00am — No Comments

Turned down this Short Sale in Indio, California

So I got a call to go meet some potential clients to list their home short.  Set the time, got my Short Sale info together along with the development info and off I went.

Lovely, older couple that were so scared and confused and very sad about losing their home.  He's 80, she's not much younger and they did NOT want to give it up yet.

So..I did my job as …

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Added by Kimberley Kelly on July 7, 2012 at 1:34am — 1 Comment

Short Sale; Just Listed in Indio, California

Beautifully maintained 3bd/2ba Condo in Indian Palms Country Club; Just Listed.  $138,000.  This home is on an end parcel so common areas surround it, making it very private and quiet.  Plus..the Eastern porch is right on the Fairway!  3bd/2ba, built in 1981, with vaulted ceilings and a remodeled kitchen..even includes a single enclosed garage + a covered carport..what a…

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Added by Kimberley Kelly on July 3, 2012 at 1:57am — No Comments

Is it wise to "name names" in Blog Posts?

Specifically...Lender names when talking about experiences with them with regards to Short Sales??? 

I have mixed feelings here.  Yes, I have posted blogs about my own experiences with particular Lenders.  They DO get responses..both from other Short Sale Agents which I find most helpful and even in some cases, the Lenders themselves.  I have had several stalled Short…

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Added by Kimberley Kelly on June 24, 2012 at 2:14am — 2 Comments

Another La Quinta, California Short Sale Listed, worked and CLOSED!

Just one more home loan adjusted, wiped off the books and a new buyer in place here in La Quinta.  This 3 bdrm/2ba courtyard POOL home was built in 1993 and approximately 1550 sf.  Currently has a tenant in place that has signed a lease with the new Buyers. 

Avenida Alvarado in the La Quinta Cove.

Original note value of $386,000.  Purchased in 2007.  Chase was…

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Added by Kimberley Kelly on June 19, 2012 at 1:56am — No Comments

La Quinta Short Sale; CLOSED!

Another La Quinta Short Sale listed, negotiated and CLOSED!  Cute as a button 3bd/2ba single family in the La Quinta Cove.  Seller paid $318,000 in 2006, then added granite counter tops, 18 by 18 ceramic tiles floors with hardwood floors in the bedrooms and even a custom fireplace mantle!  One note with Carrington Mortgage and SOLD for…

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Added by Kimberley Kelly on June 9, 2012 at 10:18am — No Comments

PRINCIPAL REDUCTIONS – WILL THE BANK GUARANTEE THE VALUE OF YOUR HOME?

In a briefing by Credit Suisse this week, the financial giant’s opinion was that reducing principal balances of underwater mortgages is a risky idea that has not been shown to keep underwater borrowers from later defaults.  In my practice as a Florida real estate lawyer, that opinion flies in the face of borrower sentiment.  The guiding force in the Credit Suisse statement seems to be the “…

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Added by Richard Zaretsky on January 27, 2012 at 4:35pm — 2 Comments

B of A Negotiator listened! What???

Have a great property listed short with one loan with B of A..primary residence, Seller not trying for HAFA..slam dunk!  But..the darned BPO came in $130,000 over market!  It hasn't happened to me often with B of A short sales, usually that's reserved for Chase who I suspect may specifically try to hire Agents that submit high BPO's ??? 

Buyer #1:  Submitted $850,000. …

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Added by Kimberley Kelly on December 20, 2011 at 3:11am — 2 Comments

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