All Blog Posts (2,090)

Search Blog Posts

Loan Servicing Guidelines Tightening up could mean more opportunity for increase in Short sale Business!!!

Many Homeowners Facing Foreclosure as Loan Servicing Guidelines change and this could mean increase in business for those agent that specialize in Short Sales!



Take a Look as many homeowners under the Presidents foreclosure -prevention program may be at risk of foreclosure due to the tightening up of guidelines forcing loan Servicers to make sure all paperwork have been turned in the their files. For those that are missing paperwork they wil get a 30 day notice to complety and… Continue

Added by Robin Button on January 27, 2010 at 2:30am — No Comments

BPOs for loan Modifications and Short Sales need Agent Involvement!

When listing a Short Sale one of the most important things during the process is the BPO (Broker Price Opinion). For those of you not familiar with these it is somewhat of a mini appraisal done by a Realtor to help advise the bank of the market value during a loan modification or short sale. It is important for the listing agent to meet the BPO agent to assist in providing detailed info about the property and it's value. You never know what the experience level of the BPO agent is. They might… Continue

Added by Ray Wright on January 26, 2010 at 4:00am — No Comments

Weekend Update

Hello fellow Superstars,



OK..... so what's been going on at www.ShortSaleSuperStars.com this week? How about....71 new members! Welcome to all. Please be sure to take a minute and place your information and location on the…

Continue

Added by Bryant Tutas on January 25, 2010 at 1:58am — 2 Comments

Aurora Loan Services.

I have a short sale with Aurora Loans and should be under contract any day. Can anyone give me some helpful advise along with any contacts they may have with this company. thanks in advance, Todd

TODD E. SABATINI REALTOR®
CENTURY 21 SMITH & ASSOCIATES, INC.
13510 HUTCHISON BLVD.
PANAMA CITY, FLORIDA 32407
CELL 850-819-4073
WORK 850-230-2350
FAX 850-230-8466
TOLL FREE 1-800-728-0853
[email protected]

Added by Todd Sabatini on January 21, 2010 at 5:00am — 2 Comments

HAP Helps the Military Avoid Short Sale and Foreclosure

Are you an Eglin AFB or Hurlburt Field airman PCSing soon? If you own a home, have to sell, and owe more than your property is worth, there may be help available so you can avoid a foreclosure or even a short sale. The U.S. military Homeowner Assistance Program (HAP) may help you by covering most of the loss to your mortgage holder.

These are the basic qualifications for… Continue

Added by Wendy Rulnick on January 20, 2010 at 3:00pm — 3 Comments

Richard & Janet OBrian First Post

Short Sale are the new REO and we were positioning our business in 2007 for this market. We have hade our ups-n-downs with the banks as they were hit with the mortgage meltdown, it seemed they only foreclosed. Out business is mainly helping folks sell short.



In the past few months we have seen most of the banks working to streamline the process with some still getting up to speed.



Our office Keller Williams Realty AV is in the Antelope Valley near where the space shuttle… Continue

Added by Richard OBrian on January 20, 2010 at 11:48am — No Comments

Loan Modification Program failed miserable in Florida

Loan Modification Program failed miserable in Florida

Florida Homeowners hold on to their property with a needle and a thread, hoping for a loan modification under The Making Homes Affordable program. According to the Florida Realtor’s website, only 8,405 in Florida get mortgage modification. This is simply pathetic!



Here are some basic rules to… Continue

Added by Petra Norris on January 19, 2010 at 10:00am — 2 Comments

Anyone have approval and then at time of closing the file was declined because MI never approved it?

My agent didn't include the payoff to the 2nd, so in reality this approval would be void anyway. But has anyone ever received approval from the lender, to then have the file declined because MI didn't originally approve the SPO?

Added by Kelly Simarano on January 18, 2010 at 9:32am — 1 Comment

Are Lenders more likely to cut commission if you're double ending the deal?



Just out of curiosity as I was browsing the shortsale deals that have closed in my area. I found that several transaction had the same agent listed as the Listing and Selling Agent. I have not been in this type of situation before so I would like to know if anyone has any feedback on this.



Lenders do cut commission as we are all aware in shortsale situations. Some reduce it more than others, depending on the overall… Continue

Added by David Dee on January 17, 2010 at 6:21pm — 4 Comments

Titanium Solutions- Titanium Holdings Enters the REO market with its Launch of Excellen REO

We have all been waiting for this news and now it official!



Lets hope they can handle it and we can be sent the REO listings!



Titanium Solutions- Titanium Holdings Enters the REO market with its Launch of Excellen REO



It is all over the news here is one place at the DSNews to read about it



or just Google Excellen REO.… Continue

Added by Dawn Barrier eXp Realty Vegas on January 13, 2010 at 5:50am — 1 Comment

Winners of the www.ShortSaleSuperStars.com contest.

Hi folks. As you know we just had our 1st contest at www.ShortSaleSuperStars.com. You can read about it here.



We made a couple of changes as we went along. Hey...we own the site and can do what we want :) The first change we made was Wendy and I asked our site moderator,… Continue

Added by Bryant Tutas on January 11, 2010 at 10:57am — 3 Comments

The Short Sale Facts & Information

SHORT SALE FACTS!













Why would my Lender want to allow a Short Sale to help me? The reason is simple; a short sale often has a better return on investment to the lender than a foreclosure. The average savings a lender sees from a short sale property compared with a foreclosure property is $14,000. Not only does the lender receive this savings, they are also paid on the loan 6 months earlier than in the foreclosure process. This allows them to collect and… Continue

Added by Melissa Polce on January 11, 2010 at 8:05am — 1 Comment

ASC

I will be posting some information regarding ASC in the next few days. I noticed (or at least I didn't see one) there was no Lender Group for this company.

Added by Evelyn Broxterman on January 8, 2010 at 2:06pm — 4 Comments

Short Sale Stall

Looking for a little help or advice. I am in the 4th month of a short sale with B of A. One loan. The bank had an appraisal done Jan. 2, 2010. Three days before than the homeowner got loan mod. papers in the mail. They had been denied a mod a year ago. B of A handed off the SS to Equator and won't tell me anything. Equator Reps say they are a processor and have no info. How do I find out what's going on and get this closed? Thanks for any and all help.

Added by Heather Sheaffer on January 8, 2010 at 6:15am — 6 Comments

Contest - What can be done to help make the Short Sale process run smoother?

Why do I want to do Short Sales?



“Short Sales” is my favorite, I enjoy it and it’s a passion to help people on real estate distress, one of my greatest satisfactions is when everything was accomplished, I will tell you why:



I enjoy and feel full of satisfaction when people say to me from its heart how grateful they’re with two single magic words “Thank you” that means a lot, means you did something good to someone in need of… Continue

Added by Ray Saenz on January 7, 2010 at 6:00pm — 5 Comments

Why Do I Do Short Sales?

Why Do I Do Short Sales?



A few years ago, the discussions around real estate were two fold: either the bubble is going to burst or you better get in before you can't afford to buy.



In Orange County, California, our prices sky rocketed between 2001 and 2007, increasing in double digits for several years running. They always say that what goes up must come down, and so it was with the Orange County real estate market.



But, I don't think many would have believed… Continue

Added by Christine Donovan on January 7, 2010 at 2:13pm — No Comments

WHY DO I WANT TO DO SHORT SALES?

I want to be SUCCESSFUL at Short Sales because I WANT TO BE PART OF THE SOLUTION for all of us: distressed home owners, neighborhoods and the economy.



Short Sales are less detrimental to everyone.



Both Sellers, and Buyers, need Real Estate Agents educated in the Short Sale process, trial and error experiences are not enough. We must understand the expectations of the Lenders and meet them.



Sellers need to know there is another solution, other than… Continue

Added by Margaret C. Taylor on January 7, 2010 at 5:46am — No Comments

Contest - What can be done to help make the Short Sale process run smoother?

What can be done to help make the Short Sale process run smoother?



Well... a couple of things:



Agents Seller and Buyer should set expectations of seller and buyer up-front that a short sale refers to the lender approving the seller's contract to sell their property for less than what's owed. It does not refer to any sort of time frame. Some short sales take longer than others.



Sellers should consult with an attorney up front as to the legal ramifications as… Continue

Added by Makoto Sato on January 6, 2010 at 5:45pm — No Comments

Short Sale Lost…maybe?

Short Sale Lost…maybe?

I represent the buyer in this particular short sale. The listing agent is well established, with a good reputation. The sellers elected to use the services of an attorney to negotiate the short sale rather than have their agent do it for them.

Our contract was signed on September 1 and as I understand it, the first lender actually came to terms fairly quickly. They allowed $3,000 to pay off the second lender, a small but not uncommon… Continue

Added by Dan Tabit on January 6, 2010 at 4:16pm — No Comments

Contest: Why Do We Do Short Sales?

Short Sales- A Niche Like No Other!



Why would you ever want to do a short sale? Agents ask us this question often. Then the next question is, “How do you still have a smile on your face after working in Short Sales all day long?”



The answer is quite simple. Your heart is warmed when you see the sigh of relief on a stressed out homeowner’s face who has been biting their nails every day as the court date for their foreclosure is coming up fast.



Your heart is… Continue

Added by Katerina Gasset on January 6, 2010 at 3:00pm — 5 Comments

Featured Blog Posts

View All

Latest Blog Posts

Most Popular Blog Posts

Monthly Archives

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

Members

© 2024   Created by Short Sale Superstars LLC.   Powered by

Badges  |  Report an Issue  |  Terms of Service

********************************** like buttons ************************