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What is a Preliminary Title Report?

A title is a legal document listing the history of ownership of a home. After the buyer and seller have reached mutual acceptance, an attorney or title company will pull title on the subject property and review it for any problems that might prevent the home from being legally sold. The results are written up in a preliminary title report.

Review the Title Report – Lesson 1

Throughout the years we have learned that having a Preliminary Title Report pulled and reviewed by escrow is not the most efficient method as many times it will not get reviewed till too late in the game and eventually something will slip through the cracks... For the entire article click here

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REAL ESTATE SHORT SALE FORMULA

(Read this article first, then click on the link above)

Do I Qualify for a Real Estate Short Sale in Rancho Cucamonga CA?

So you're considering a real estate short sale for your Rancho Cucamonga, California Home…..

Either you are near default or have already missed mortgage payments, and you are undoubtedly under-water on what you owe on the Rancho Cucamonga home compared to what it is currently worth.

We see this every day from people of all aspects of life and economic backgrounds. We know it's a difficult and daunting position to be in. We know there is so much information out there that its difficult to decipher what is correct, and what isn't.... and who to trust.

We also know its embarrassing. We've been in similar situations ourselves, and we'd like to discreetly help you avoid foreclosure and get out from that upside-down Rancho Cucamonga CA house now, at no charge to you. In fact, if your circumstances are right, we may be able to get you up to $30,000 in the process.

Who Are We and Are We For Real?

We ARE for real, and we are licensed, legal and ligitimate. Our real estate license numbers are 01844441, and 01844442. Take these numbers and go to the California Department of Real Estate's website here, click on Verify a License, and check our license numbers for validity. We work for Coldwell Banker Kivett-Teeters, a highly respected real estate brokerage that's been in business for decades. We handle 20 to 30 Short Sale Listings and Sales per month, and yes we successfully close 95% plus of our short sales! We are for real, and we work hard for our clients... Let us work hard for you...

So let's talk...

Call Us Now: (888) 9-List-It.

That's (888) 954-7848.

Or Check out our website here ---> California Short Sale Agents

 

How to Qualify For a Real Estate Short Sale - Rancho Cucamonga CA

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REAL ESTATE SHORT SALE FORMULA

(Read this article first, then click on the link above)

Do I Qualify for a Real Estate Short Sale in Montclair CA?

So you're considering a real estate short sale for your Montclair, California Home…..

Either you are near default or have already missed mortgage payments, and you are undoubtedly under-water on what you owe on the Montclair home compared to what it is currently worth.

We see this every day from people of all aspects of life and economic backgrounds. We know it's a difficult and daunting position to be in. We know there is so much information out there that its difficult to decipher what is correct, and what isn't.... and who to trust.

We also know its embarrassing. We've been in similar situations ourselves, and we'd like to discreetly help you avoid foreclosure and get out from that upside-down Montclair CA house now, at no charge to you. In fact, if your circumstances are right, we may be able to get you up to $30,000 in the process.

Who Are We and Are We For Real?

We ARE for real, and we are licensed, legal and ligitimate. Our real estate license numbers are 01844441, and 01844442. Take these numbers and go to the California Department of Real Estate's website here, click on Verify a License, and check our license numbers for validity. We work for Coldwell Banker Kivett-Teeters, a highly respected real estate brokerage that's been in business for decades. We handle 20 to 30 Short Sale Listings and Sales per month, and yes we successfully close 95% plus of our short sales! We are for real, and we work hard for our clients... Let us work hard for you...

So let's talk...

Call Us Now: (888) 9-List-It.

That's (888) 954-7848.

Or Check out our website here ---> California Short Sale Agents

 

How to Qualify For a Real Estate Short Sale - Montclair CA

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12433927463?profile=original

 

Good morning Superstars.

 

Here are this week's Superstar discussions.

DiscussionsRepliesLatest Activity

Need Advice on Short Sale Situation QUICKLY - Last Minute Notification of Denied Seller Assist - Municipal Employees Credit Union NY

I represent the Buyer in a short sale in NJ, which has been going on since Feb '12. My buyer offered the list price, but requested a 6% as…

Started by Jay Nealy

76 seconds ago
Reply by Bryant Tutas

Is there a limit to "family member" in the arm's length agreement?

I have been looking up the definition of family member in California. CAR says NOTHING. California law seems to clarify it as "immediate"…

Started by Karen McNamara

213 hours ago
Reply by Beverly Cibulsky

Is Title Co. or Bank to blame??

I am a seller who just went through a lengthy short sale with BOA. My realtor had completed all sales paperwork ensuring that I would rece…

Started by David

719 hours ago
Reply by MNshortsale54

Short sale negotiator and Atty- last minute, buyer pays from 3% contribution Part 2

This is a contunuation of my broker's post Aug 22. I represent the buyers. We are 2 days from closing and 3rd party negotiator presented t…

Started by Karen Chesley

2320 hours ago
Reply by Wayne Brooks

BAC- BofA - NDS Coop - "Error of Opportunity"

Hello Short Sale Superstars! Anyone deal with a BofA Coop w- NDS, and run into an "Error of Opportunity?" I've been told it would be escala…

Started by Lisa Cedillo

2yesterday
Reply by Lisa Cedillo

BoA VA loan 1st Mortgage, Green Tree 2nd Mortgage

Done anyone have experience with Green Tree in getting them to release the lien and the delinquency on a short sale? They are the second mo…

Started by Kim Devlin

4yesterday
Reply by Kim Devlin

Deceased Borrower, 3 mortgages!

Is this a do able short sale? Comments, suggestions welcome!

Started by Beverly Cibulsky

1yesterday
Reply by Brett Goldsmith

ADVANCED SHORT SALE AGENT TRAINING

12433916279?profile=originalAre your short sales FAILING?

Are you missing something? Are your short sales declined? Are you losing closings? Are you losing buyers? Losing sellers to foreclosure? Do you have to re-start your short sales dozens of times? Are your short sales taking forever? Are you stressed out over your short sale success or...worse, your short sale failure? And no one seems to be able to show you how to do it quickly, with no stress? UNTIL NOW. WE can HELP YOU Succeed with Short Sales! Broker Bryant and Wendy Rulnick... Real Answers from REAL PRACTICING SUCCESSFUL SHORT SALE BROKERS. We want to help you.

LEARN MORE ABOUT OUR ADVANCED SHORT SALE TRAINING.

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***Use coupon code SSS10000 for a $50 discount

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REAL ESTATE SHORT SALE FORMULA

(Read this article first, then click on the link above)

Do I Qualify for a Real Estate Short Sale in Moreno Valley CA?

So you're considering a real estate short sale for your Moreno Valley, California Home…..

Either you are near default or have already missed mortgage payments, and you are undoubtedly under-water on what you owe on the Moreno Valley home compared to what it is currently worth.

We see this every day from people of all aspects of life and economic backgrounds. We know it's a difficult and daunting position to be in. We know there is so much information out there that its difficult to decipher what is correct, and what isn't.... and who to trust.

We also know its embarrassing. We've been in similar situations ourselves, and we'd like to discreetly help you avoid foreclosure and get out from that upside-down Moreno Valley CA house now, at no charge to you. In fact, if your circumstances are right, we may be able to get you up to $30,000 in the process.

Who Are We and Are We For Real?

We ARE for real, and we are licensed, legal and ligitimate. Our real estate license numbers are 01844441, and 01844442. Take these numbers and go to the California Department of Real Estate's website here, click on Verify a License, and check our license numbers for validity. We work for Coldwell Banker Kivett-Teeters, a highly respected real estate brokerage that's been in business for decades. We handle 20 to 30 Short Sale Listings and Sales per month, and yes we successfully close 95% plus of our short sales! We are for real, and we work hard for our clients... Let us work hard for you...

So let's talk...

Call Us Now: (888) 9-List-It.

That's (888) 954-7848.

Or Check out our website here ---> California Short Sale Agents

 

How to Qualify For a Real Estate Short Sale - Moreno Valley CA

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REAL ESTATE SHORT SALE FORMULA

(Read this article first, then click on the link above)

Do I Qualify for a Real Estate Short Sale in Lake Elsinore CA?

So you're considering a real estate short sale for your Lake Elsinore, California Home…..

Either you are near default or have already missed mortgage payments, and you are undoubtedly under-water on what you owe on the Lake Elsinore home compared to what it is currently worth.

We see this every day from people of all aspects of life and economic backgrounds. We know it's a difficult and daunting position to be in. We know there is so much information out there that its difficult to decipher what is correct, and what isn't.... and who to trust.

We also know its embarrassing. We've been in similar situations ourselves, and we'd like to discreetly help you avoid foreclosure and get out from that upside-down Lake Elsinore CA house now, at no charge to you. In fact, if your circumstances are right, we may be able to get you up to $30,000 in the process.

Who Are We and Are We For Real?

We ARE for real, and we are licensed, legal and ligitimate. Our real estate license numbers are 01844441, and 01844442. Take these numbers and go to the California Department of Real Estate's website here, click on Verify a License, and check our license numbers for validity. We work for Coldwell Banker Kivett-Teeters, a highly respected real estate brokerage that's been in business for decades. We handle 20 to 30 Short Sale Listings and Sales per month, and yes we successfully close 95% plus of our short sales! We are for real, and we work hard for our clients... Let us work hard for you...

So let's talk...

Call Us Now: (888) 9-List-It.

That's (888) 954-7848.

Or Check out our website here ---> California Short Sale Agents

 

How to Qualify For a Real Estate Short Sale - Lake Elsinore CA

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REAL ESTATE SHORT SALE FORMULA

(Read this article first, then click on the link above)

Do I Qualify for a Real Estate Short Sale in Beaumont CA?

So you're considering a real estate short sale for your Beaumont, California Home…..

Either you are near default or have already missed mortgage payments, and you are undoubtedly under-water on what you owe on the Beaumont home compared to what it is currently worth.

We see this every day from people of all aspects of life and economic backgrounds. We know it's a difficult and daunting position to be in. We know there is so much information out there that its difficult to decipher what is correct, and what isn't.... and who to trust.

We also know its embarrassing. We've been in similar situations ourselves, and we'd like to discreetly help you avoid foreclosure and get out from that upside-down Beaumont CA house now, at no charge to you. In fact, if your circumstances are right, we may be able to get you up to $30,000 in the process.

Who Are We and Are We For Real?

We ARE for real, and we are licensed, legal and ligitimate. Our real estate license numbers are 01844441, and 01844442. Take these numbers and go to the California Department of Real Estate's website here, click on Verify a License, and check our license numbers for validity. We work for Coldwell Banker Kivett-Teeters, a highly respected real estate brokerage that's been in business for decades. We handle 20 to 30 Short Sale Listings and Sales per month, and yes we successfully close 95% plus of our short sales! We are for real, and we work hard for our clients... Let us work hard for you...

So let's talk...

Call Us Now: (888) 9-List-It.

That's (888) 954-7848.

Or Check out our website here ---> California Short Sale Agents

 

How to Qualify For a Real Estate Short Sale - Beaumont CA

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GRAND TERRACE CA SHORT SALE AGENTS

A Grand Terrace CA real estate short sale is a sale of a Grand Terrace CA home in which the proceeds from selling the property will fall short, or not be as much, of the balance owed on the Grand Terrace CA house because the property owner cannot afford to repay the full mortgage amount(s).  In another words, the under-water homeowner sells the Grand Terrace, CA home for less than what they owe on it. This is why banks must approve a short sale for the transaction to happen. This is also why an experienced real estate short sale professional should be used when selling short your Grand Terrace CA home.
A Grand Terrace CA short sale is often used as an alternative to foreclosure because it can save additional foreclosure and credit fees, costs and implications to both the creditor (bank(s) holding the mortgage(s))and the borrower(s)/homeowner(s).
Are you considering a Grand Terrace CA Short Sale? First, remember this is nothing to be ashamed of; it is instead a strategic maneuver on your behalf to ensure a better financial and credit future. But with all decisions in life, make sure you pursue a Grand Terrace CA short sale smartly. You must:

  • Find an experienced and tough Grand Terrace Short Sale Expert (That’s us!)
  • Be diligent in your short sale process
  • Educate yourself
So call us and let’s discuss your particular situation:
Call Now: (888) 9-List-It
That’s (888) 954-7848

Or just go to our website by clicking here. We have a Foreclosure Prevention Library that can provide you with extensive, easy to understand information about short sales and foreclosures.
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SHORT SALE HOUSE POMONA CA

SHORT SALE HOUSE POMONA CA

If you are facing foreclosure and you can no longer afford your home, you may qualify for a Pomona CA Short Sale, even if you don't think you can or don't think your home can be sold in today's market.

 

What is a Pomona CA Short Sale?

 

A Pomona CA Short Sale, also known as a pre-foreclosure sale, is when you sell your Pomona home for less than the balance remaining on your mortgage. If your mortgage company agrees to a short sale, you can sell your Pomona CA home and pay off all (or a portion of) your mortgage balance with the proceeds. You may also be eligible for the government's Home Affordable Foreclosure Alternatives Program (HAFA) which offers incentives for sellers to complete a short sale.

 

A Pomona CA Short Sale is an alternative to foreclosure and may be an option if:

 

  • You are ineligible to refinance or modify your mortgage
  • You are facing a financial hardship, including loss of job, death, divorce or medical expenses
  • You are behind on your mortgage payments
  • You owe more on your Pomona home than it’s worth
  • You have not been able to sell your home at a price that covers what you still owe on your mortgage
  • You can no longer afford your Pomona CA home and are ready or need to leave

 

What are the benefits of a Pomona CA Short Sale?

 

  • Eliminate or reduce your mortgage debt
  • Avoid the negative impact of a foreclosure
  • Start repairing your credit sooner than if you went through a foreclosure
  • May be able to get a Fannie Mae mortgage to purchase a home sooner (in as little as 2 years) than if you went through foreclosure (at least 7 years)
  • No out of pocket costs! Your lender covers your closing fees including realtors' commissions

 

 


So Call us Now: (888) 9-List-It.

That's (888) 954-7848.

Or click here to access our Real Estate Short Sale Formula to evaluate your particular situation.

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Glendale Short Sale Help

Glendale, California – Is your loan with a large Bank/Lender, for instance Chase, Well Fargo, Bank of America or Citibank? In contrast, these Banks/Lenders usually do not make the FINAL decision on your Glendale Short Sale.

Here are the reasons why:

 

The vast majority of the time, the banks/lenders are working as a just the servicing company. They’re handling the loan for an “Investor” or third party.

 

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

 

The third party owner will most likely be a corporation, a pension fund, a Wall Street firm, or split up amongst sometimes thousands of individuals in what’s called MBS (Mortgaged Backed Securities)

 

The owner, or Investor, can also be a government backed or sponsored entities…for instance, Fannie Mae & Freddie Mac. These entities are called GSEs (Government Sponsored Entities).  This is essential, in most cases, because you can contact these entities if your servicer refuses your short sale.

 

What to find out if Fannie Mae or Freddie Mac own your mortgage loan? Click here! We have ways to find out who the Investor is on your mortgage loan if your home is NOT owned by Fannie Mae & Freddie Mac. Click Here, and fill out the short form to the right of the page and one of my team members will give you a call…we have multiple ways of figuring out who the investors are and how to get a hold of them. Usually, they will reassess your short sale…all you have to do is present your case and make sure that they are aware of your concerns and let them know absolutely why they should accept the short sale offer.

 

I’ve noticed that the Investor will generally do a much better job of assessing the short sale offer…especially, because it’s their money. Once their review is complete, they will usually approve the short sale offer and make sure that the servicing company is well aware of the acceptance. This has been especially helpful when the servicing company has asked for a contribution from the buyer and/or seller, when they want to issue the seller a promissory note or a deficiency judgment.

 

There has been many times where the negotiator at the servicing company will just reject the short sale for no good reason. There have been other times where the negotiator has asked for irrational demands…like an offer on the home for above fair market value.

 

You may ask why in the world someone would do this. Well? It could be multiple reasons…for instance; they may get compensated with a bonus for obtaining an offer and successfully closing the short sale for a higher price than what the property is worth.

 

Do to this, they might turn down a short sale offer that otherwise might have been approved. When this happens and the property forecloses, the Investor usually nets a much lower amount back, once the home is sold as a REO.  It becomes a lose, lose situation for all parties involved including the investor. The servicing company is the only one that usually wins regardless of the property foreclosing or closing through a short sale. Their servicing agreement allows them to collect everything that’s owed to them by the investor on the property; which puts a lot less money into the investor’s pockets.

 

This might be a surprise to many of you, but this does happen quite often. If you feel like this is happening to you, find out who the investor is and make sure they are aware of what’s happening with the servicing company. I’ve personally been able to get multiple short sales approved by bypassing the servicing company and going directly to the investor when the servicing company does not cooperate.

 

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at CMe4Homes@JenniferEscobar.com will contact you for a free consultation.

 

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (818) 335-7078

 

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

 

Want more information about a California Free Loan Modification? Our FREE Loan Modification Services will help you get a loan modification approved with your lender.

 

Click Here for more information regarding my FREE LOAN MODIFICATION SERVICES!

 

Thanks for reading my blog post, Jennifer Escobar.

 

The Jennifer Escobar Team @ Qwest Real Estate

Phone: 818-335-7078              Email: CMe4Homes@JenniferEscobar.com

Website: www.TheJenniferEscobarTeam.com

 

Glendale California Real Estate | Short Sale Specialist | Short Sales | California Free Loan Modification Los Angeles Short Sale Specialist | Los Angeles Short Sale | When to short sale in Los Angeles | Los Angeles Short Sale Taxes | Why Short Sale in Los Angeles | Los Angeles Short Sale Requirements | Los Angeles Short Sale Guidelines | How does short sale work in Los Angeles | Los Angeles Mortgage Short Sale

 

Jennifer Escobar Specializes in FREE California Loan Modification Help to Southern California distressed homeowner’s who are seeking FREE CA Loan Modification assistance in their pursuit of a Loan Modification in Southern California. Furthermore, Jennifer Escobar also Specializes in Short Sales and has successfully listed, marketed and successfully negotiated hundreds of short sales in Southern California. Jennifer Escobar is a Short Sale Specialist successfully negotiating short sales in Glendale, Burbank, Granada Hills, North Hollywood, Sunland, Tujunga, Sylmar, Van Nuys, Valley Village and Lake Balboa. Glendale Loan Modification Help, Glendale Short Sales, Glendale Short Sale Realtor, Short Sale Realtor. Glendale CA Short Sales. Glendale Realtor. North Hollywood Loan Modification Help, North Hollywood Short Sales, North Hollywood Short Sale Realtor, North Hollywood Realtor. Granada Hills Loan Modification Help, Granada Hills Short Sales, Granada Hills Short Sale Realtor, Granada Hills Realtor. Burbank Loan Modification Help, Burbank Short Sales, Burbank Short Sale Realtor, Burbank Realtor. Van Nuys Loan Modification Help, Van Nuys Short Sales, Van Nuys Short Sale Realtor, Van Nuys Realtor.

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Is Chase Actually Rolling Out Equator Now?

We all have heard for quite some time now that Chase is going to begin using equator, but it has yet to take place. It seems it may be closer now than ever before. A negotiator at Chase yesterday took down our email address and stated that it was for preparation of the equator system taking effect. We proceeded to dig deeper ... For the entire article click here

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SHORT SALE HOUSE NORCO CA

We have created the Real Estate Short Sale Formula for under-water and distressed homeowners in Norco, California.

Norco has many homes and families facing foreclosure, but they don't know if they would qualify for a short sale of their Norco CA home to avoid complete financial devastation.

What Does a Real Estate Short Sale Mean for Norco CA Homeowners?

The definition of a real estate short sale means that the Norco CA house is about to be in foreclosure due to the default in payments of the mortgage. The owner of the Norco home sells it for less than what they owe for the property. It is far better for their credit to sell it short than to lose the house to foreclosure.

But Do I Qualify For a Norco CA Short Sale?

Everyone's situation is unique, and only the bank or banks that hold the mortgage can approve a short sale, but over years of short sale experience, we have developed the Real Estate Short Sale Formula to accurately predict a homeowner's chances of a successful short sale.

The Real Estate Short Sale Formula is a multiple question form that will take about 5 to 10 minutes to fill out, but once that's done we handle the rest!

The evaluation is free and is non-intrusive. So find out now if you qualify for a Norco CA Short Sale, just click here to access the ---> Real Estate Short Sale Formula.

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PALM SPRINGS CA SHORT SALE REALTORS

Palm Springs CA Short Sales Made Easy…

You Pay Nothing For Our Palm Springs CA Real Estate REALTOR Services!

SHORT SELL THAT PALM SPRINGS CA HOUSE NOW! CALL: 1 (888) 9 LIST-IT

-Is your Palm Springs CA house worth less than you owe?

-Having trouble paying your Palm Springs CA mortgage or are you already behind?

-Have an Adjustable Rate Mortgage, or a Negative Amortized Loan?

-Are you concerned about tax implications? -Do you have questions about how short sales work?

Many Palm Springs CA home owners are short selling their upside-down Palm Springs CA properties and so can you!

We are Certified Foreclosure & Short Sale Specialists and we can help you sell that upside-down Palm Springs CA House!

YOU PAY US NOTHING CALL NOW: 1 (888) 9-LIST-IT

Or email us at:

GarrigusRealEstate@yahoo.com

We also handle:

-Palm Springs CA Standard Sales

-Palm Springs CA Foreclosures

-Palm Springs CA Property Sales

-Palm Springs CA Home Buyers

 

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SHORT SALE HOUSE RIALTO CA

We have created the Real Estate Short Sale Formula for under-water and distressed homeowners in Rialto, California.

Rialto has many homes and families facing foreclosure, but they don't know if they would qualify for a short sale of their Rialto CA home to avoid complete financial devastation.

What Does a Real Estate Short Sale Mean for Rialto CA Homeowners?

The definition of a real estate short sale means that the Rialto CA house is about to be in foreclosure due to the default in payments of the mortgage. The owner of the Rialto home sells it for less than what they owe for the property. It is far better for their credit to sell it short than to lose the house to foreclosure.

But Do I Qualify For a Rialto CA Short Sale?

Everyone's situation is unique, and only the bank or banks that hold the mortgage can approve a short sale, but over years of short sale experience, we have developed the Real Estate Short Sale Formula to accurately predict a homeowner's chances of a successful short sale.

The Real Estate Short Sale Formula is a multiple question form that will take about 5 to 10 minutes to fill out, but once that's done we handle the rest!

The evaluation is free and is non-intrusive. So find out now if you qualify for a Rialto CA Short Sale, just click here to access the ---> Real Estate Short Sale Formula.

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CHINO CA REAL ESTATE AGENTS

Here are some basic Chino Hills CA real estate home sales numbers reflecting this specific housing market for the Month of September 2012:

Active Chino Hills CA Homes For Sale: 114

Pending Chino Hills CA Homes For Sale: 131

Back-Up Chino Hills CA Homes For Sale: 83

Closed Chino Hills CA Homes For Sale: 53

Do you have a Chino Hills CA home you'd like to sell? Let's talk....

 

Call Us Now and Let's Get Started!

Call Now: (888) 9-List-It

That's (888) 954-7848

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Counties of WIThe Wisconsin housing statistics are now in for August of 2012. Here is an excerpt from what the Wisconsin Realtors Association (WRA) had to say:

The home sale recovery began last summer, and sales have grown 20.7 percent year-to-date. “It’s great to see these sales so strong during the peak sales period in the state.”  said Renny Diedrich, chairman of the WRA board of directors. He noted that in a typical year, about a third of Wisconsin closings take place between June and August.

The median price rose at an annual pace of 2.9 percent in August 2012, and this continues the pattern of modest price appreciation statewide for each of the last six months. “It’s clear that in spite of slight upticks in the state unemployment rate over the last two months, the housing market continues to grow, and it’s growing at a brisk pace” said WRA President and CEO, Michael Theo.

Below are the number of Home Sales and Median House Prices for the state of Wisconsin, Rock County, and Dane County. These stats include Janesville and Madison. Feel free to contact me if you have any questions pertaining to these figures. As you probably have heard, home sales have been increasing substantially all year. Both Dane and Rock counties are showing marked improvements in the number of homes sold. Prices have bounced in Rock County, while in Dane County WI they appear to now be stabilizing.

If you would like some insight into how much your home is currently worth, I would be happy to provide you with a free comparative market analysis. This is a report that gives a close estimate to what your home might sell for in your current local Wisconsin real estate market. Has your home value fallen below what you currently owe? A short sale may be right for your situation. Visit the following page on Wisconsin Short Sales.

Housing Statistics for the State of Wisconsin:

August 2012
Home Sales: 6,496
Median Home Price: $143,000

August 2011
Home Sales: 5,335
Median Home Price: $140,000

Housing Statistics for Dane County, WI:

August 2012
Home Sales: 669
Median Home Price: $212,500

August 2011
Home Sales: 523
Median Home Price: $214,000

Housing Statistics for Rock County, WI:

August 2012
Home Sales: 186
Median Home Price: $109,750

August 2011
Home Sales: 159
Median Home Price: $97,000

View my report from last month. Wisconsin July Housing Statistics

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Foreclosure Listings
photo credit: BasicGov via photopin cc

Number of Foreclosures Showing Signs of Decreasing

The number of foreclosures in July 2012 is 10% lower than the amount from July 2011. Finally, it looks like the real estate market is making solid improvement. In fact, July 2012 is the 22nd month, in a row, to show a decline in foreclosure activity when compared to the same period from the previous year.

Overall, there is a 20%+ decrease in the annual number of homes being taken over by banks. The trends are taking place in at least 38 states as well as Washington, D.C.

As a whole, the nation is seeing that one home out of 686 homes is either in foreclosure or on the verge of repossession.

In comparison, Wisconsin shows one home out of 701 is facing foreclosure. Coupled with the news from last month that housing prices are on a steady rise; it does seem that the real estate market is getting back on the right track.

What does this mean for Buyers and Sellers?

In order to see how this is a good thing for both buyers and sellers, we have to look at the big picture. Fewer homes facing foreclosure would indicate that people who were out of work, or working at below average wages for their skill set, are now finding better paying jobs. The better jobs obviously are resulting in more money, aiding these families to get current on their bills. This would indicate the overall job market is improving. A better job market means more potential buyers that can purchase a home. That is great news for people who are in a position to sell a home.

The same type of facts has an impact on people looking to buy a home. An improving job market is good for those people that were out of work, fresh out of college or working at a job that was enough to pay the bills while they searched for a better option. More employment translates to more income, leading to more savings and an improved ability to pay for a mortgage.

What remains to be seen is the impact these improvements will have on the lending industry. One of the main problems that led to the real estate crash is the loose requirements that were in place allowing almost anybody access to a home mortgage. It is doubtful that mortgage lenders will return to those kinds of practices. However, it is a good assumption that lending rules will ease a bit in the coming months to help borrowers take advantage of the unprecedented rates that we have experienced for the last 3 years.

Read more…

 

 

I have a Bank of America short sale that I actually got an approval on and about 10 days away from closing one of the sellers (they are divorced) filed bankruptcy. Bank of America said we can continue on with the Short Sale as long as we give them "A letter of Abandonment" along with the "Discharge paperwork" I have sent multiple emails to my asset manager and talked to the bankruptcy department and no one can give me an answer, or even respond! The bankruptcy is scheduled to discharge today! I need to know where and how do I get the letter of abandonment? I am desperate to save this transaction. Please any help will be greatly appreciated!

Thank you, Beth

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SHORT SALE HOUSE FONTANA CA

SHORT SALE HOUSE FONTANA CA

If you are facing foreclosure and you can no longer afford your home, you may qualify for a Fontana CA Short Sale, even if you don't think you can or don't think your home can be sold in today's market.

 

What is a Fontana CA Short Sale?

 

A Fontana CA Short Sale, also known as a pre-foreclosure sale, is when you sell your Fontana home for less than the balance remaining on your mortgage. If your mortgage company agrees to a short sale, you can sell your Fontana CA home and pay off all (or a portion of) your mortgage balance with the proceeds. You may also be eligible for the government's Home Affordable Foreclosure Alternatives Program (HAFA) which offers incentives for sellers to complete a short sale.

 

A Fontana CA Short Sale is an alternative to foreclosure and may be an option if:

 

  • You are ineligible to refinance or modify your mortgage
  • You are facing a financial hardship, including loss of job, death, divorce or medical expenses
  • You are behind on your mortgage payments
  • You owe more on your Fontana home than it’s worth
  • You have not been able to sell your home at a price that covers what you still owe on your mortgage
  • You can no longer afford your Fontana CA home and are ready or need to leave

 

What are the benefits of a Fontana CA Short Sale?

 

  • Eliminate or reduce your mortgage debt
  • Avoid the negative impact of a foreclosure
  • Start repairing your credit sooner than if you went through a foreclosure
  • May be able to get a Fannie Mae mortgage to purchase a home sooner (in as little as 2 years) than if you went through foreclosure (at least 7 years)
  • No out of pocket costs! Your lender covers your closing fees including realtors' commissions

 

 


So Call us Now: (888) 9-List-It.

That's (888) 954-7848.

Or click here to access our Real Estate Short Sale Formula to evaluate your particular situation.

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