Rental Nation…Unemployment…National Debt…From Short Sale To Long Term Renter?
Short Sales, Foreclosures Low Interest Rates…Why Is Renting More Desirable?
Unemployment is at an all time high for Americans, Corporate America is shrinking. Housing prices and Interest rates are at all time lows...it's cheaper to buy in many cases than to rent...Yet many Americans are choosing to RENT! Great Video from CNBC, Diana Olick on...
Interest Rates Rising Due to S&P Lowering US Credit Rating…Yes
We've not realized an immediate change however, it's likley as the smoke clears from the Standrd and Poore's Downgrade of the US credit rating from "AAA" to "AA+"; the first time since S&P began rating countries back in 1941. So, imagine if your credit rating was...
Bank of America Successfully Completes 1,873 HAFA Short Sales Since April 5, 2010
This government program Home Affordable Foreclosure Alternative initiated in April 2010 was set in motion and expectations were high. Every Real Estate Agent and Broker experienced in the Short Sale Process or lack there of, had a "spring in their step"...
Banks Pay Realtors Commissions in Short Sales of Home and Real Properties
"Ok...I want to short sale my home, but who pays your commission?" This is the #1 question I receive from our short sale clients. As a Short Sale Specialist, we negotiate our compensation with the bank. Simply put, we are told by the bank what they will pay, ...
Short Sell Your "Loser" Investment Properties
If you purchased investment properties over the last 4 year's and you used any of the creative loans being offered at the time, there's a good chance your in a negative cash flow. If so, cut loose this anchor and "short sell" it...today. We specialize in negotiating...
Inaguration Day…Bankruptcy May Help You Keep Your Home…
Barack Obama has been sworn in today as the nation's 44th president. This President has the eyes of our Nation upon him! With the economy tanking, unemployment rising we need a plan. According to this new administration, they have a good start. It sounds good, but...
Loan Modifications…More Opportunities When Your Behind On Your House Payment?
Loan modifications are tricky, if your wondering about your options please make sure you work with someone that has experience and success in completing them. Anyone that tells you that you have to pay up-front fees is most likely taking your money. Your lender will...
Inland Empire gets HUD Approval In Efforts To Save Foreclosed Home From Decay
We read about all of the MONEY that is going into so many "EFFORTS" to save our decaying Inland Empire....I'm sure we will all be watching closely; we here in the Inland Empire have not seen bottom yet. This is hot of the wire: Federal officials have given an official...
San Bernardino Supervisors Spend $2.5Million on REO Properties
Please Read below and then come back to these questions: Wow...who's benefiting from SB Counties stupidity? (Burums out of work in house contractors to refurbish the foreclosure ruins) How many homes do they intend on buying? $75,000 each(average price of an SFR in...
Is Countrywide Overwhelmed….Or Do They Just Employ Idiots????
Let's see, how do I start this....it wasn't a joke, but I did say "are you kidding me"? It was a little after 6:00, my phone rings and it's a female asking to speak to a "Mr. Smith" I recognized the name as one of my clients and asked who I was speaking to? The answer...
What! Gaps in how Treasury is monitoring taxpayers' money…Loan Modifications…
Well, it appears that someone's hands may be in the cookie jar... It's good to know that there is a "Panel"! Lot's of good points spewing from the "panel" "Treasury is the one who set up the system. And they didn't put any tracking mechanisms on it." That's...
It's ONLY A Test….Short Sale Appoval Before you have a buyer!?!?
My first reaction to this article was It’s about time! Then I thought about how many real estate agents my husband I actually interact with on a daily basis that are not educated to Short Sales, and they are the listing agents! The motivation is good, save the United...
U.S. unemployment hits 16-year high: 7.2%…Your Not Alone If You Can't Make Your House Payments!
Today's LA Times is confirming what most of us are painfully aware. Each day, as we try to survive, keeping a roof over our family's head and food on the table. reports like this roll out of the nations capital. Reporting from Washington -- The nation's unemployment...