This Week's Hot topics…
Added by Bryant Tutas on May 27, 2012 at 6:27am — No Comments
Feeling good on this one, sixty days from contract to short sale approval. Investor was Freddie Mac.
If you have a home loan through Bank of America and you are currently concerned about making your payments or your home is worth less than you owe, you may qualify for a short sale incentive from …Continue
Added by Michael Collins, CDPE, SFR on May 24, 2012 at 12:09pm — No Comments
First I must say, I am glad to be part of the Short Sale Superstars site.
I am currently working with two first-time homebuyers. Both of them have offers in on short sales. One was with B of A and just finally got approved today (over 5 months...gee wez), the other one was with Wells Fargo who move much faster (less than 3 months). Not very often I get that good of news in the same week. I currently have one short sale listing in Fullerton, CA and their loan is also with B of A. …Continue
Added by Jodi Salazar on May 23, 2012 at 8:30pm — No Comments
The Winchester, VA real estate market continues to show signs of improvement, but it is in inches rather than leaps. The current market has 513 available properties spread over the Winchester City and Frederick…Continue
Added by Mike Cooper on May 23, 2012 at 7:30pm — No Comments
Hooray for BOA to include support staff on their new Authorization:)
Added by Becky Martin on May 22, 2012 at 8:28pm — No Comments
Added by Wendy Rulnick on May 22, 2012 at 12:00pm — No Comments
If you receive a letter from Chase Bank stating that you are eligible for a short sale incentive, please do not throw it away. It is not a scam.…Continue
Added by Michael Collins, CDPE, SFR on May 22, 2012 at 9:00am — No Comments
Here is how it may make a difference.
Some homeowners owe more on their homes than the home is worth,…Continue
Added by Marcy Moyer on May 22, 2012 at 12:10am — No Comments
Added by Michael Collins, CDPE, SFR on May 21, 2012 at 12:14pm — No Comments
This is the first time I am dealing with this issue so I am hoping to hear from people who have seen this happen. I worked on this short sale for almost a year (story of my life) the buyer is also the tenant at the property and he failed to perform in time so the lender decided to foreclose on it. Seterus called me a few days ago and said they are willing to sell the property to the current tenant/buyer but will not compensate our office or we can evict the tenant and list it on the MLS to…Continue
Added by Ephrem Jando on May 21, 2012 at 11:35am — No Comments
Well maybe not of all time…Continue
Added by Bryant Tutas on May 20, 2012 at 4:35am — No Comments
Many homeowners who are having trouble paying their mortgages will stop opening their mail from the lender. It is understandable to feel, what is the point? I can't pay and nothing they say to me will change that. However, if your lender is Chase you may want to open that letter.
Chase is giving relocation assistance to some homeowners who are in default if they agree to short sell their…Continue
Added by Marcy Moyer on May 18, 2012 at 12:26pm — No Comments
Special Webinar: Little to No-Cost Marketing Ideas that Generate Leads
Good morning Superstars, We have another informative marketing webinar coming up with the guys at Direct Business…
Added by Bryant Tutas on May 17, 2012 at 5:50am — No Comments
Escape Your Unmanageable Mortgage: Getting free doesn’t have to mean running away.
Perhaps you have heard about it???
On the news, a reporter tells a story about how the housing crisis has caused some homeowners to simply walk away from their…Continue
Added by Arthur Wainio on May 17, 2012 at 4:00am — No Comments
Great news for Bank of America short sales
From the Florida Association of Realtors(R) newsletter today.
BofA announces new short sale incentive NEW YORK – May 16, 2012 – Bank of America announced a new short-sale program – called enhanced relocation assistance – to help homeowners move debt free and get paid $2,500 to $30,000 for doing so. The actual cash payment depends on the appraised value of the home.…
As many real estate professionals are aware, short sales and distressed property transactions have had a major impact on the housing market in the past few years. Pearl Insurance and its carriers, XL Group's insurance companies, have seen unprecedented actions taken by financial institutions—in ways both good for the consumer, and unfortunately, bad.
It recently has come to our attention that major financial institutions have been transferring liability to both real estate brokerages…Continue
Added by indplsrealestate on May 16, 2012 at 10:34am — No Comments
The Second Largest Settlement in History: How it saves you from foreclosure!
The news has been a buzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders.…Continue
Added by Arthur Wainio on May 16, 2012 at 4:00am — No Comments