February 2012 Blog Posts (39)

Abandoned house, failed sheriff sale tax liens oh my

Abandoned property and failed sheriff sale
Neighbor walked away 3 years ago, but taxes are being paid by us bank tower investments or something to that extent.m the property went to auction but there was an issue since a 2nd mortgage was never reported....not property sit in nj re purgatory. What can I do to try to get the house back on the auction block???

Added by Todd Kovalsky on February 14, 2012 at 12:12pm — No Comments

24 Asset Management Corporation

Has anyone delt with this company before?  They are starting a Short Sale Program but they are also selling their services, having to be Short Sale Certified by them in order to receive any listings.  But this is a new venture for them so have anyone done business with them in the past for BPOs or REOs. 

Added by Samantha James-Tharp, PA on February 13, 2012 at 5:22am — No Comments

What Are The Tax Consequences Of A Massachusetts Short Sale

As tax season approaches, and more importantly, the expiration of the Mortgage Debt Relief Act of 2007, it is important to review the tax consequences following a short sale.  In general, the IRS will treat any canceled…

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Added by Andrew Coppo on February 13, 2012 at 5:20am — No Comments

Short Sales in Winchester-Frederick County VA - February 2012

The short sale market in Winchester/Frederick County, VA is alive and  well.  The…

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Added by Mike Cooper on February 12, 2012 at 3:47am — No Comments

Blossom Valley Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in the Blossom Valley Neighborhood of San Jose. So here's what happened:

 

Single family and condo townhomes :

Total sales:  1141

Short Sales: 412

REO:            271

Distressed sales as a percentage of total sales: 59.8%

Compare to 2010

Total sales:   1125

Short Sales:   366

REO:          …

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Added by Marcy Moyer on February 11, 2012 at 2:02pm — No Comments

Almaden Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in the Almaden Neighborhood of San Jose. So here's what happened:

 

Single family and condo townhomes :

Total sales:  355

Short Sales: 39

REO:            20

Distressed sales as a percentage of total sales: 16.6%

Compare to 2010

Total sales:   384

Short Sales:   28

REO:            14

Distressed…

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Added by Marcy Moyer on February 11, 2012 at 1:18pm — No Comments

Buying and selling a short sale home – Thumbs down to the scams

Short sale is one of those options that help you avoid a foreclosure. Yet, you lose your home. However, this is considered to be a better option than foreclosure because the hit on the credit is lower than that of a foreclosure. The plunging home values have resulted in increased number of foreclosed homes and short sales. On the other hand, this spike in the number of short sale and foreclosed homes has also resulted in an increase in the number of mortgage and short sale and foreclosure…

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Added by Dyana perkins on February 10, 2012 at 12:00am — No Comments

Here is an Update with my commission cutting dilema- Need Help too!!.

I have sent 3 powerful, demanding, and bank benefiting emails to this Impact Companies-Property Group. I asked to be escalated to the next level. All she keeps repeating to me is thats "ALL" we pay out of OUR proceeds!!!! Do you still want to continue???? I so much want to say NO!!! I don't want to continue and you can stick it where the sun doesn't shine!!! But I haven't yet. 

Here is what I have learned- Impact Companies is an investment group that does buy notes and serves lenders…

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Added by Julie Wilkinson on February 9, 2012 at 2:15pm — 2 Comments

HAP PCS - Government Assisted Private Sale Ends



If you are an Eglin Air Force Base or Hurlburt Field seller thinking about HAP, (military Homeowners Assistance Program), you may not be aware that effective February 1, the …

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Added by Wendy Rulnick on February 9, 2012 at 2:59am — No Comments

Homeowners cash in Big on Short Sales.





JPMorgan Chase & Co. (JPM), Wells Fargo & Co., Citigroup Inc., Ally Financial Inc. and Bank of America Corp. are seeing the light now paying big bucks to Homeowners to Avoid Foreclosure, with a Short Sale…

Recently, BoA sent out letters to over 19,000 Florida homeowners as part of a pilot program. The program is offering…

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Added by Richard OBrian on February 8, 2012 at 9:00am — No Comments

Are You Living Under the Cloud of an Unmanageable Mortgage???

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It’s a sign of the times!

Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled. Here in Phoenix, Arizona many owners have done Short Sales in order to…

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Added by Arthur Wainio on February 8, 2012 at 8:55am — No Comments

2012 BLOG SERIES - "What Does a Notice of Default Mean?" CALIFORNIA SHORT SALES FAQ's for Rocklin, Roseville, Granite Bay, Folsom, El Dorado Hills, Lincoln & Sacramento CA

Do you live in Rocklin CA? How about Granite Bay CA? Or Lincoln CA maybe? Folsom CA? Well, even if you live in El Dorado Hills CA or Roseville CA this message may help you if your home mortgage is underwater or you have considered a Short Sale.…

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Added by Ken Patterson on February 7, 2012 at 8:00am — No Comments

Check Your Security Clearance Before Short Sale

Do you hold a government position, are you in the U.S. Military or are you a Federal contractor? These and many other jobs often require asecurity clearance. If you are considering …

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Added by Wendy Rulnick on February 7, 2012 at 4:38am — No Comments

The financial implications of renting a house and owning a house – Deciding the option

When it comes to staying in a home in a new place, the first question that comes in your mind is whether to rent a home or buy a home. While you take out a home loan for owning a home, you have to take the best step forward so that you don't default on the monthly payments for which you have to take out yet another refinance loan. You've probably heard various statements that claim owning a home as a better option than renting it. But what are the financial implications that will support…

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Added by Dyana perkins on February 5, 2012 at 5:30pm — No Comments

Cambrian Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in the Cambrian Neighborhood of San Jose. So here's what happened:

 

Single family and condo townhomes :

Total sales:  656

Short Sales: 130

REO:            89

Distressed sales as a percentage of total sales: 33.45

Compare to 2010

Total sales:   750

Short Sales:   114

REO:          …

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Added by Marcy Moyer on February 5, 2012 at 7:57am — No Comments

Newsletter: Short Sale Commission Dispute

DiscussionsRepliesLatest Activity

Tavo

Commission Dispute…

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Added by Bryant Tutas on February 5, 2012 at 3:24am — No Comments

Los Gatos Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in Los Gatos. So here's what happened:

 

Single family and condo townhomes :

Total sales:  421

Short Sales: 42

REO:            24

Distressed sales as a percentage of total sales: 15.7%

Compare to 2010

Total sales:   489

Short Sales:   36

REO:            38

Distressed sales as a percentage of…

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Added by Marcy Moyer on February 4, 2012 at 2:20pm — No Comments

Milpitas Distressed Property Watch 2011

It's the beginning of the year so time for the round-up of last year's distressed property sales in Milpitas. So here's what happened:

 

Single family and condo townhomes :

Total sales:  513

Short Sales: 150

REO:            112

Distressed sales as a percentage of total sales: 51.1%

Compare to 2010

Total sales:   535

Short Sales:   131

REO:            140

Distressed sales as a percentage of…

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Added by Marcy Moyer on February 4, 2012 at 1:53pm — No Comments

Bankruptcy & Short Sales

Anybody have any luck with Short Sales when 1st and 2nd was part of a BK?

Added by Eric Middlebrook on February 4, 2012 at 8:47am — 1 Comment

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