Added by William Booth on February 28, 2010 at 6:27am — 2 Comments
I was listening to talk radio and was intrigued by the teaser for the next segment. "Ohio man bulldozes $350K home to avoid foreclosure". Hmmm. I REALLY wanna hear that one. I listened to the entire interview
and at the end I was perplexed. First of all, here are the details.
Terry Hoskins of Clermont County found himself in a predicament with
his Moscow, Ohio home. He was facing foreclosure and was upset that the
bank that held the note, River Hills Bank, would not work…
Added by Ray Wright on February 26, 2010 at 7:49pm — 2 Comments
The California Association of Realtors released their "2009-2010 SURVEY OF CALIFORNIA HOME SELLERS”. The report showed that approximately 67% of all California home sellers that were able to sell their house in this market sold their home
because they had an inability to meet their mortgage obligations. In
other words, they couldn't afford their house. Whether it be due to a
variable rate mortgage that was resetting higher, a job loss, sickness
or just the fact…
Added by Ray Wright on February 25, 2010 at 3:18pm — No Comments
I really hope someone can help me on this one, I had research for almost 2 years how to put a back to back closing ( ok please do not laugh) I have the seller I have the B (investor buyer) how does the investor market and list a house that is laready listed by the agent who is representing the original seller? in other words how does the B list a property as a seller to C buyer?
how does the B to C transaction takes place when doing a new listing? ( to re-sell to a higher…
ContinueAdded by Elizabeth Monje on February 24, 2010 at 11:30pm — 9 Comments
Added by jj suri on February 24, 2010 at 8:56am — 6 Comments
Bank of America have made the move to an internet based short sale system modeled after there foray into the REO world. We have and are currently using the system and it seems to be an improvement at lest with adding information… One issue is supplying the buyer social security number a requirement is the first 5 numbers not the standard last 4. Coming from a computer background I…
ContinueAdded by Richard OBrian on February 24, 2010 at 6:30am — No Comments
If you’ve decided to Short Sale your home, you must find an agent who has the experience and credentials in today’s short sale market. Some questions to ask: How many short sales have you closed? An experienced short sale agent should have closed at least 20. Your short sale agent should know:…
ContinueAdded by Richard OBrian on February 24, 2010 at 6:29am — 1 Comment
HAFA,(Home Affordable Foreclosure Alternatives Program) will be implemented on April 5, 2010, is part of the Home Affordable Modification Program (HAMP). The new initiative aims to help homeowners who are unable to retain their home under HAMP through the use of short sales and deeds-in-lieu of foreclosures. As part of the program, incentive payments will be provided to both homeowners and servicers, but homeowners must meet certain requirements to participate.
NAR’s new resources…
Added by Beau Bowling on February 22, 2010 at 4:30pm — 1 Comment
Great Short Sale, Foreclosure Seminar.
NAR Resource to Reduce Short Sale Stress: Learn more about it:
http://www.realtor.org/RMODaily.nsf/pages/News2010021902
Added by Surbhi Desai on February 22, 2010 at 1:30am — No Comments
If you need short sale training to feel comfortable pulling off the deal, you’re not alone.…
Added by Bryant Tutas on February 21, 2010 at 10:00am — 3 Comments
The CEO or Freddie Mac, Ed Haldeman, recently gave a speech to the Detroit Economic Club regarding a number of issues including the state of the
current Real Estate market. According to Mr. Haldeman we are in a “transition to a recovery”.
He went on to state that the two main factors were the stimulus package
and the fact that the Fed was keeping interest rates at record lows.
One statement he made during…
Added by Ray Wright on February 20, 2010 at 6:10pm — No Comments
Here is a brief market snapshot for the Riverside and surrounding communities. I’ve included the number of homes currently available on the market in contrast with the number and percentage of homes that
have closed escrow in the past 30 day time period.
RIVERSIDE
2239 homes for sale
344 closed in 30 days
15.4%
MORENO VALLEY
1468 homes for sale
259 closed in 30…
ContinueAdded by Ray Wright on February 18, 2010 at 7:57pm — No Comments
One of the simplest negotiating tips:
When you leave a voice mail message for your negotiator (I know, they…
ContinueAdded by Ben Benita on February 17, 2010 at 9:30pm — 12 Comments
Today marks the 1 year anniversary of President Barack Obama signing the American Recovery and Reinvestment Act. For the past 365 days, the purpose of this stimulus package was to take our hard earned tax
dollars to stimulate the American economy. Part of the package went
towards items such as a 2.6 million dollar solar panel system for the
Denver Museum of Nature & Science, which by the way, has over 90
million dollars in their bank account. Another $25,000 went to…
Added by Ray Wright on February 17, 2010 at 5:37pm — No Comments
Added by Bryant Tutas on February 15, 2010 at 11:00am — 10 Comments
Hi Folks. Richard Zaretsky wrote a post earlier this week titled:
SHORT SALE MARKET EVOLUTION - GMAC SOLUTION TO FALSE BUYERS If you haven't read it pop over to ActiveRain and do so. Here is the language GMAC wants if you have a short sale with them as the lender:
"2-3% earnest money must be…
ContinueAdded by Bryant Tutas on February 13, 2010 at 9:00am — 2 Comments
My wife and my Real Estate partner got a call from the legal department of some company requesting that she must remove the term “Certified Short Sale Expert” from her website. It seems they have rights to the phrase. I removed it from her site… Looks like it just got a bit more complicated.…
Added by Richard OBrian on February 11, 2010 at 6:30am — 5 Comments
I just started to upload Pictures, CMA's, BPOs and whatever I can get my hands on in Equator, since BoA is the most unbelieveale, unreasonable of all!!!! has anyone done this? does it make a difference?
I took it as an advantage since they don't care what we say but what the "BPO" says FMV is, if I can show them the BPO was wrong in their decission for Market Value, by showing them actual damage or decline in market, maybe and maybe they they will see that this agents probably…
ContinueAdded by Elizabeth Monje on February 7, 2010 at 5:58pm — 8 Comments
For the first time in two years active resale home in the greater Antelope Valley is above 1,300, with active core over 900. Banks seem to be releasing some of their stockpile of REOs. Short Sale are keeping pace with the REOs at present.…
ContinueAdded by Richard OBrian on February 5, 2010 at 6:58am — 5 Comments
Added by Edna Bejarano on February 5, 2010 at 6:26am — 7 Comments
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