Is Your Bank Offering You CASH To Short Sale….Open All Of The Mail!
We know that your mail box is full of letters from your lender, but did you know that most lenders are reaching out to their clients with Snail Mail....offering Cash incentives to Short Sale? Here is a list of a few that we know of...stay tuned for updates as we get...
Short Sale…Rent…and Buy Back!
This may be an option for you... You can Short Sell your Home, Rent it Back and Buy it again in 1 to 3 years... without all the negative equity. Call us or email us to discuss. www.shortsellrentback.com 323-999-1822
Pawn Stars…Short Sales…Do You See The Similarity
Kris and I were talking yesterday about the usual...short sales and the economy. You would think that we could find something else to talk about! Our conversation started as we left a listing appointment. Imagine this...a nice, newer home surrounded by other nice...
The Vanishing Home Buyer…
Short Sale or Foreclosure…..Risks To Consider
The housing market is crashing, many families have felt the strain of loosing one or both incomes. We are working with a family right now that is loosing their home due to job loss for one and reduced hours for the other. They could not afford to keep the home with...
A Candid Conversation with a bank negotiator….Short Sale Style!
It's not often that I get a Short Sale Negotiator on the phone that has the willingness, skill and desire to do their job. I had spent the entire morning on calls to multiple lenders, my last call was to Washington Mutual. While on hold trying to find out why it had...
President Obama, Stop Talking and DO SOMETHING!!!
Enough already! I'm sick of the lip service.... Hope for Homeowners is an embarrassment to Mr. Obama. If you live in California, you have realized that a loan modification is easier said than done.... Lenders have been instructed to help their borrowers find...
“Wachovia Short Sale” will Change the Real Estate Industry
Check this out…Wachovia is setting the benchmark for the Short Sale process…the days of 30, 60, 90 days waiting for a short sale approval are over. Today on a call with Robert “Bobby” Jackson; Asset Manager, Wachovia, we were treated to one of the most exciting and...
Some Light Reading…Life In The World Of A Short Sale Real Estate Agent
Today was one of those days... Up's and down's from the moment the phone calls started at 6:00AM. In the world of Short Sales, there are so many moving parts. Usually a seller has 2 loans to deal with and most of the time they're not the same lender. Needless to say...
Short Sale? What To Expect When You Get An Offer
Once you have listed your home for Short Sale, you have agreed to let the bank/your lender decide the ultimate "Terms" on which the home will be sold. A Short Sale is unique. Although you are the homeowner according to the note & or deed recorded when you...
Short Sales..Recourse Loans…Foreclosure…Deed-in-Lieu
If there was a way to put a dollar in the piggy bank for every question we are asked about recourse loans and what the lender is going to do in the future....well...let's just say we could afford some great dinners on a regular basis! Being Real Estate Agents...
Don't Believe Everything you hear about Short Sales….
It's amazing the crazy things that "professionals" in the Real Estate industry are out telling the public! At a recent listing appointment I was shocked to hear from the homeowners that they were told by a "Short Sale Expert", that their lender would rather foreclose...
Obama Administration To Incentivize Servicers When They Approve Short Sales!
It's not everyday that we get such amazing news from the White House....today the Obama administration announced new and updated details regarding the Making Homes Affordable (MHA). Program updates include details on Foreclosure Alternatives. These alternative will...
Got Patience?….Someone Say Short Sales….
Great news today for anyone contemplating a Short Sale....Also validation that Banks don't want to Foreclose if there is another alternative. Citi Mortgage announced that their pre-foreclosure preventions outweighed their Foreclosures 10 to 1 during the first...