October 2011 Blog Posts (46)

Closed my BoA deal today

Finally closed my BoA ss today, ok we signed doc`s on Friday but checks finally cut today. Couple of minor issues came up like a expired internal appraisal date and they reduced the attorney fees $500 to $1k that my hard working attorney was not to happy about, but its closed and I am happy with that!

Added by Ralph on October 4, 2011 at 4:44pm — No Comments

Bank of America being purchased by Chase...?

Los Angeles, CA - Chase to buy Bank of America!!!!

 

After some digging in I've been told by an Attorney who's one of several attorney's working on the buy out/merger of Bank of America with Chase! What I've been told is that out Federal Government has been strategically planning on having Chase buy Bank of America for years now! It's finally coming to life..! I've been waiting off on putting this out…

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Added by Jennifer Escobar on October 4, 2011 at 11:29am — 1 Comment

Santa Clarita Valley Home Sales Rise 19% to Post the Third Consecutive Monthly Gain

Home and condominium sales during August throughout the Santa Clarita Valley rose sharply, posting the third consecutive year-to-year increase, the Southland Regional Association of Realtors reported on Thursday, Sept. 15.



A total of 222 single-family homes changed owners last month, up 19.4 percent from a year ago and 18.7 percent higher than this July.…

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Added by Sean Seckar on October 4, 2011 at 9:45am — No Comments

Short Sales and your HOA

One thing I come across a lot when doing short sales, is that the homeowner is not only behind on their payments and taxes, but also defaulted with the HOA. The bank generally will not pay any money towards the delinquent HOA dues and the buyer, many times, is prohibited from contributing by their lender. That leaves the payment outstanding, even if the short sale is…

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Added by Sean Seckar on October 4, 2011 at 9:43am — No Comments

What is a Hardship in a Mountain View Short Sale?

It is estimated that about 25% of home in the US are underwater, that is the owner owes more on the mortgage than the home is worth. So if the owner has to sell, they would have to either make up the difference or do a short sale.

However, just being underwater is not enough reason for most banks to do a short sale. They want to know you have a hardship. what is a hardship?

there are a number of reasons that banks will accept as a hardship. they basically want to know what has…

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Added by Marcy Moyer on October 3, 2011 at 8:44am — No Comments

Short Sale Woes with USAA--Is it Legal??

I have an "approved" short sale with BOA (first lienholder) for my seller

2nd lienholder - I also have a negotiated approval

3rd lienholder (USAA $144,000 balance-seller current) ) USAA refuses to play ball

The seller offered to pay USAA the entire balance owed of 144,000 by giving them $6500 at closing and paying the remaining 137500 in monthly payments at an interest rate that USAA suggested initially until paid off.… Continue

Added by Connie Salerno on October 1, 2011 at 10:59am — No Comments

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