All Blog Posts Tagged 'short' (547)

Short Sale Investment Opportunity in Beloit, WI

1038 Moore St, Beloit WI 53511 - $85,000

Cape Cod style family home now for sale in Beloit, Wisconsin. Nice sized Bedrooms!

Well kept Cape Cod currently used as a rental property. Hard wood floors and trim with tile in the lower level. 2 car garage has alley access. Short Sale.…

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Added by Michael Collins, CDPE, SFR on January 28, 2014 at 4:08am — No Comments

Cottage Grove Short Sale Homes

4534 Vilas Rd, Cottage Grove, WI 53718 - $179,000

Three Bedroom Short Sale Ranch on Large Rural Lot

Wonderful rural property with country view out front window. Large living room, formal dining room and original hardwood floors. Newer tile in bathroom with updates. Don't miss out on a great deal. Short Sale. All offers subject to seller's…

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Added by Michael Collins, CDPE, SFR on January 13, 2014 at 7:02am — No Comments

21st Mortgage? Yikes!

I have a short sale, my Seller, with Ocwen in first and 21st Mortgage in second position. We have a strong offer, all documents submitted, HAFA compliant, and we're waiting on the second (21st) to agree to it and release the Seller from all liability (part of HAFA guidelines). We got word yesterday that 21st Mortgage wants the same percentage of repayment to original debt that the first (Ocwen) is getting. Right now, they're getting about $6,000 against a debt of $45,000 but they want about…

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Added by Monica Hill on January 10, 2014 at 1:58am — No Comments

Corporations can be bullies too……

So my question is why is it that agents individually, continue to have to defend their paycheck against investor’s efforts to reduce commissions below the customary 6% and the never ending interference with a contract of which they are not a legal party to? Why is there not some sort of class action lawsuit on behalf of many thousands of agents that would have a ligament claim? Why is there not some sort of collective representation for real estate agent?

I would like…

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Added by Mike Smiley on November 26, 2013 at 12:16pm — 1 Comment

A Guide To Home Mortgage Rates

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

When To Walk Away From A Bad Mortgage

Added by David Heroux on November 5, 2013 at 6:54am — No Comments

Fannie Mae counter with promissory note?? Need some professional advice beyond my brokerage

I just received an email from our Seterus negotiator asking for the seller to sign a promissory note for $27,000 and make payments of $450 for the next 60 months.  Is there any body who has received a fannie mae counter and been able to counter back at a lower amount and get approved?? 

 

 

Added by Sean Spangler on October 15, 2013 at 2:35pm — 1 Comment

Fannie overpricing +/-125% of market value.

I began noticing about nine months ago; confirmed with several other short  sale Realtors and a law firm that does a lot of foreclosure defense and  short sale negotiations.  Have you also noticed Fannie has been countering  offers at +/-125% of fair market value?  I recently had one Fannie short  sale were they countered at $215K and three weeks later changed their mind,  reneged and recountered at $230K.  The buyer met both counter offers and  the FHA appraisal was ordered which came in…
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Added by Edward Goldfarb on October 13, 2013 at 5:13am — 1 Comment

NEW FHA Short Sale Requirements

Effective October 1, 2013 U.S. Department of Housing and Urban Development (HUD) has announced the following changes to their Federal Housing Administration (FHA) Short Sale requirements:

  • Eligibility Requirements: To successfully complete a short sale under the FHA short sale program, the borrowers must meet the following requirements:
    • They cannot list the…
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Added by Jason Opland on October 2, 2013 at 7:29am — No Comments

Short Sale Real Estate Agents in Dunkirk, Wisconsin

Short Sale Real Estate Agents in Dunkirk, WI 53589 




Are you looking for a Dunkirk Wisconsin Short Sale Realtor® or real…
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Added by Michael Collins, CDPE, SFR on September 16, 2013 at 2:34am — No Comments

You Are A Good RE Agent, So...Know When to Step Aside and let a Short Sale Agent Handle It!

My fellow Short Sale Superstars how many times can you shake your head? 5 and even 10 Short Sales(COMPLETED) Doesn't make you an Expert... agents are playing with someones biggest investment...and biggest loss; agents should know what you are doing when they take on a short sale, PERIOD...So again I hear the tale of a listing lost to a Very Good Agent...who sucked at short sales....by the time the potential client realized it...it was too late to re-list and get it…

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Added by Melissa Polce on September 3, 2013 at 9:30am — 2 Comments

Short Sale Real Estate Agents in Pleasant Springs, WI 53589

Short Sale Real Estate Agents in Pleasant Springs, WI 53589 


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Added by Michael Collins, CDPE, SFR on August 26, 2013 at 10:19am — No Comments

CitiMortgage Approval Letter Confusion

I have receive an approval letter from CitiMortgage that states the purchase price ($45K)and buyer as well as a substantial smaller pay off amount that they will take to settle the debt ($6K). Similarly to what a second mortgage letter would say... but the catch is that this property only has one lien.

What do I do?

Any advice will help at this point LOL

Added by Tom Tock on August 23, 2013 at 9:56am — No Comments

SHORT SALES DO CLOSE in San Fernando Valley Los Angeles CA - VENTA CORTA

(818)276-6882  Lupe Soto  Short Sale Negotiator (hablo espanol)  "NO commission"  por favor sirvase comunicar con Lupe Soto para explicarle como evitar embargo de su casa, condo o de su segunda inversion o renta hipoteca. Gracias.

http://www.ShortSaleAgentLupe.com

AREAS de servicio en San Fernando Valley, Los Angeles County, Ca

Arleta, Burbank, Canoga Park, Calabasas, Chatsworth, Encino, Glendale, Granada Hills, Hidden…

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Added by Lupe Soto on July 24, 2013 at 8:00pm — No Comments

Are All Short Sales in Los Angeles Always a Success?

Unfortunately, not all Short Sale properties that are listed for sale in the Los Angeles area will close escrow. First, what is a Short Sale? If a home's current market value is less than the mortgage balance owed and the homeowner (borrower) cannot afford to make the mortgage payments, they will ask their lender(s) to take an offer from a buyer and approve a…

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Added by Sara Mehrpouyan Los Angeles CDPE on June 25, 2013 at 6:27pm — No Comments

Michael, Patient and Understanding w/ My Short Sale

Rock Realty Client Testimonials



"Mike Collins was easy to talk to and very good at explaining in detail all aspects of the short sale of the property. With a lot of patience, he walked me through the process of a short sale. He was understanding of my plight and very sympathetic.

Mike was a pleasure to work with and he is a man of his word.

Thank you, Mike, and best of luck to you."

Tom D. (Oxford, WI)

Rock Realty Seller…

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Added by Michael Collins, CDPE, SFR on June 11, 2013 at 9:27am — No Comments

Corona Short Sale Agents

Corona Short Sale Agents

Are you considering short selling your Corona house or property? Are you unsure where to start? The first step to successfully short sale your Corona home is to find the right Corona short sale agent.

What is the right Corona short sale agent? The right Corona short sale agent is competent and experienced…

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Added by Garrigus Real Estate Group on May 30, 2013 at 12:36pm — No Comments

Wisconsin Short Sale Closing!



We are happy to announce the closing on another one of our short sale listings, this time in Oxford, WI! This was an Associated Bank negotiated short sale. Short sale transactions can be complex, but if you have an experienced Short Sale Realtor® the process…
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Added by Michael Collins, CDPE, SFR on May 28, 2013 at 3:58am — No Comments

Which Offer Should A Short Seller Pick In A Multiple Offer Situation?

Today's market (5/13/13) favors sellers as we have rapidly shifted from a buyers market to a strong sellers market. This means, short sellers are typically in multiple offer situations and now have choices on offers to choose from. So which offer should the seller choose? Let's explore two important aspects of a short sale purchase and sale agreement that should sway your decision.

What type of financing is…

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Added by Peter J Kim on May 13, 2013 at 11:18am — 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

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