It's the beginning of the year so time for the round-up of last year's distressed property sales in Los Altos Hills. So here's what happened:
Single family and condo townhomes :
Total sales: 97
Short Sales: 4
REO: 6
Distressed sales as a percentage of total sales: 10.3%
Compare to 2010
Total sales: 81
Short Sales: 5
REO: 1
Distressed sales as a percentage of…
ContinueAdded by Marcy Moyer on January 31, 2012 at 5:35pm — No Comments
It's the beginning of the year so time for the round-up of last year's distressed property sales in Los Altos. So here's what happened:
Single family and condo townhomes :
Total sales: 353
Short Sales: 4
REO: 3
Distressed sales as a percentage of total sales: 2%
Compare to 2010
Total sales: 354
Short Sales: 6
REO: 3
Distressed sales as a percentage of total…
ContinueAdded by Marcy Moyer on January 31, 2012 at 4:54pm — No Comments
My seller ended up getting $30,000 from Chase and $3000 in moving incentive from HAFA program. Wonders never cease.
Added by Mary Margaretich on January 30, 2012 at 8:54am — 1 Comment
Wow! I am loving Wendy and Brian and the information! We have done a ton of short sales but this is good stuff!
Added by Rhonda Duffy on January 30, 2012 at 4:03am — 2 Comments
Hi Everyone,
What are the current lender credits available to Sellers?
Added by Rhonda Duffy on January 30, 2012 at 4:02am — 1 Comment
Hi Everyone,
We have had some success with a simple underwater mortgage hardship. I am still hesitant to let that be the only hardship with folks. Any advice?
Thanks in advance,
Added by Rhonda Duffy on January 30, 2012 at 3:23am — 1 Comment
It's the beginning of the year so time for the round-up of last year's distressed property sales in Cupertino. So here's what happened:
Single family and condo townhomes :
Total sales: 453
Short Sales: 21
REO: 11
Distressed sales as a percentage of total sales: 6.8%
Compare to 2010
Total sales: 844
Short Sales: 31
REO: 33
Distressed sales as a percentage of…
ContinueAdded by Marcy Moyer on January 29, 2012 at 4:44pm — No Comments
Added by Bryant Tutas on January 29, 2012 at 2:12am — No Comments
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 “…
ContinueAdded by Richard Zaretsky on January 27, 2012 at 4:35pm — 2 Comments
Since we (the buyers) started this endeavor in July (2011), we've pushed the foreclosure date 4 times, had countless negotiations with the bank and just this month we FINALLY came to an agreement with them. A verbal agreement that is. It's been 3 weeks and we still haven't received anything in writing so we pushed the foreclosure a 5th time. Is the bank just pushing it so they can keep sitting on this contract and eventually just say no? How long does it typically take from a verbal contract…
ContinueAdded by Lauren Michaels on January 26, 2012 at 7:43am — No Comments
This Church Street home in Santa Rosa Beach Florida was originally purchased as a short sale in 2009. For the second time, it is being sold as a short sale, just approved by J.P. Morgan Chase. The mortgage was backed by Ginnie Mae, and was a …
ContinueAdded by Wendy Rulnick on January 25, 2012 at 12:43pm — 2 Comments
Short Sale Road Rules: Getting Buyer and Seller on Same Page
One of the most neglected, and yet, most important part of a successful short sale is getting both buyer and seller on the same page. This may stem from the traditional way of thinking on a traditional “retail” sale: It’s “Us against them.” This does not apply to short sales, and if you can over come this mentality, your closing success will…
ContinueAdded by Joseph Alfe on January 24, 2012 at 3:00pm — No Comments
Does anybody have any information out there on Aurora? I need the name and/or number of a supervisor or escalation department.
Thanks so much,
Gloria Handley
Homelight Realty and Management
Gilbert AZ
Added by Gloria Handley on January 24, 2012 at 7:49am — No Comments
It's the beginning of the year so time for the round-up of last year's distressed property sales in Santa Clara. So here's what happened:
Single family and condo townhomes :
Total sales: 816
Short Sales: 184
REO: 116
Distressed sales as a percentage of total sales: 37%
Compare to 2010
Total sales: 818
Short Sales: 162
REO: 133
Distressed sales as a percentage of…
ContinueAdded by Marcy Moyer on January 22, 2012 at 5:40pm — No Comments
Added by Bryant Tutas on January 22, 2012 at 2:25am — No Comments
Hi folks. Do You Want To Close More Short Sales?…
ContinueAdded by Bryant Tutas on January 21, 2012 at 7:30am — No Comments
Hi Superstars! I received a call today from the Bloomberg News asking about a comment I left on one of the lender sites and he is writing an article about lender contributions on short sales. I was excited to hear that he found my comment/post on this site. I know lenders google us and probably hit this site alot also.
Good work and thank you Wendy and Bryant for the site!…
ContinueAdded by Stephanie Greenberg on January 20, 2012 at 12:01pm — 2 Comments
One of the biggest sources of confusion I find with Eglin Air Force Base HAP sales from the seller comes at closing. First, if you don't know what HAP is - it's the Homeowner Assistance Program from the Department of Defense. It's designed to help military members who have permanent change of station orders (PCS), and are "upside…
Added by Wendy Rulnick on January 19, 2012 at 11:55am — No Comments
The Mortgage Debt Relief Act of 2007 is set to expire!!
The window is closing rapidly on one of the most important tax-relief provisions enacted by Congress during the housing crisis to help financially strapped homeowners. Time is running out to Short Sale your house. Although the 2007 law that allows taxpayers to exclude from income the amount of debt that is forgiven or canceled by their lenders doesn’t expire until Dec. 31, it’s likely to take every bit of the coming months to…
ContinueAdded by Conrad Randolph Hodgson - Broker on January 19, 2012 at 7:53am — 1 Comment
Added by Bryant Tutas on January 15, 2012 at 1:37am — No Comments
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