February 2010 Blog Posts (24)

Need Contact For Fannie Mae To Schedule Appraisal

Our BofA negotiator has told us the file won't move forward until we get a Fannie Mae appraisal. We've already had a BPO done but they now need another appraisal done by a Fannie Mae appraiser. When asked when that will be scheduled they told us they don't know when but they will get to it when they can. In the meantime, the file sits. Anyone have a contact for us to help get these Fannie Mae appraisals scheduled?

Added by Diane and Doug Briggs on February 3, 2010 at 8:46am — 4 Comments

Short Sale to Dominate Antelope Valley Real Estate Market

January numbers are in without any surprises. We did see a small holiday affecting the pace of closed transactions, however new escrows out paced December ’09. Buyer appetite is strong even with new FHA rules coming into play.

The big change in the Palmdale, Lancaster real estate market for 2010 is Short Sales are out pacing bank owned (REO). REO’s are running 26% of the core area, while Shore Sales are 30% and with “normal listing” at 44% of the total. We are projecting Short Sales… Continue

Added by Richard OBrian on February 3, 2010 at 8:19am — 1 Comment

The Government's New HAFA Initiative

With 25% of Americans currently underwater on their mortgages, the new HAFA guidelines put forth by the Obama administration seem like a good way to stop the bleeding. Does anyone think this initiative can really work? I'd love to hear everyone's opinoins!

Added by Stephanie Hofman on February 3, 2010 at 4:00am — 2 Comments

Wilshire Short Sale

My realtor just informed me Wilshire approved my short sale request in Nevada, but would not provide me with a deficiency wavier. Should I keep allowing my realtor to negotiate with Wilshire or bring in an attorney?

Does anyone know if Wilshire actively pursues individuals for a deficiency judgment?

Added by Greg Pavlov on February 2, 2010 at 11:57am — 5 Comments

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Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.