Shadow Inventory…Short Sales…FHA…Wow!
Take a minute or two and read this article! Make sure to pay special attention to the new “servicer” requirements on these bad loans once repurchased. Servicers must be purchasing at some extraordinary prices to agree to hold the home from foreclosure for a minimum of 6 months from time of purchase to work with homeowners to avoid foreclosure. http://www.housingwire.com/news/2013/05/03/hud-sell-40000-distressed-loans-2013
Read MoreZillow Releases the 5 Biggest “Turnoffs” For Home Buyers When Showing Homes
5 Biggest Turnoffs When Touring a Home A real estate agent’s job entails more than assisting clients with the nitty-gritty details of buying or selling a home. Good agents also tour as many homes as possible. Knowing the local inventory gives them an edge over the competition and provides great value for future buyers and sellers because those agents know the market — their product. Having toured hundreds of homes through the years, agents have come to loathe certain sights. They sometimes leave houses wondering whether the seller even knew a showing was scheduled for that...
Read MoreMaking Changes….Is A Short Sale Right For You?
It’s just 4 walls… Sometimes the toughest things in life are making changes, big changes that will cause great change in your daily life as well as your families life. I’m talking to anyone that is a homeowner and is confused, scared, just plain struggling with what to do because it’s become painfully obvious you either can’t afford it or have decided that it’s not the best thing for your family to throw money at a sinking ship. (The underwater home that has a huge mortgage) Starting over is a mixed bag, you have the fear of the unknown and the...
Read MoreShort Sales to Surpass Foreclosure Sales…Lenders Approving Aggressively Priced Short Sales
This is wonderful news for homeowners! Finally, the banks are getting it….Foreclosures hurt everyone! Short Sales help the Seller, the neighborhood and the city! Great Read ….. Short sales of U.S. homes rose to a three-year high in the first quarter as banks agreed to let more borrowers unload property at a loss, putting the transactions on pace to surpass deals for foreclosures, RealtyTrac Inc. said. Sales of homes in the pre-foreclosure process increased to 109,521, up 25 percent from a year earlier and the most since the first three months of 2009, the...
Read MoreHave You Done A Short Sale Then get a 1099C….Check Out What Chase Bank Did To Our Client!
Short Sales and 1099C Chase Bank Reporting Double Loss
Read MoreWhat’s Going On…Short Sales Helping People Sell…Where Are The Buyers?
Wow, it’s hard to take it all in….one thing is clear….the housing market has a long way to go before we see housing prices stabilize. Great article by Dianne Olick Anyone with any cash in hand should be buying a house right now. That’s what any real estate agent will tell you, obviously, but that’s also what many investors now believe. Unfortunately, the potential home-buying public…isn’t buying it. January’s consumer confidence report found a drop in the number of Americans who plan to buy a home in the next six months. If, however, you take out the...
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