My Short Sale Seller is a foreigner. California requires Fed/State Tax Withholding on any sales by a foreigner. Short Sales Net zero..does anyone know if there is an exemption for Short Sales?Continue
This is my GMAC short sale (I usually love them!), but it is FNMAE as Investor and apparently, they have hired a 3rd party to negotiate for them. I have ZERO contact with GMAC..been awful. Listed…Continue
News to me. Have a Short Sale with GMAC. Just submitted offer + supporting docs. Get a call from a guy that says, "I'm working for FNMAE backed short sales..I will be your negotiator with the…Continue
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
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…Continue
I'm happy to report that the total number of Short Sales here in the desert have dropped dramatically since last year. I just took a new Short Sale Listing today, and closed one last month, but as one of the deserts' most prolific Short Sale Agents, I can report that equity Sales are beating the pants off the Shorts! And I'm happy about that!…Continue
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…Continue