March 2012 Blog Posts (20)

Commercial mortgage refinance – Know how it can help you

Commercial mortgage refinance is basically when you do refinancing on your mortgage property. You should remember that commercial mortgage refinance can be quite difficult to get and becomes a stressful process unless you get enough professional help from professional brokers. Mortgages on commercial properties have many requirements that need to be fulfilled. Lenders tend to be finicky while handing out these loans to…

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Added by Jason Muller on March 29, 2012 at 7:00am — No Comments

Has anyone had any trouble with BOA's New FHA system and if so is there a way around it???

Recently BOA has come up with something new stating that there must be 2 modification attempts before initiating a short sale.  This is very time consuming and we are wondering if anyone has a solution???

Added by Nick Curcio on March 27, 2012 at 3:07pm — 6 Comments

Wisconsin February 2012 Housing Statistics

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

This increasing sales trend began last summer and has continued at a healthy pace throughout the fall and winter. “It’s very encouraging to see sustained growth in home sales,” said Rob Keefe, Chairman of the…

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Added by Michael Collins, CDPE, SFR, BPOR on March 21, 2012 at 1:05pm — No Comments

Questions to be asked before signing a tenancy agreement

Provided that you have positive income, lease and rental homes are a great long-term way to generate income in real estate. For first time property owners, the pleasure that comes with going out of home can sometimes mean that essential information are often neglected.

You will be searching for a home long time and finally you might have got an house in certain area and you will believe that this home will meet all your guidelines and you will be much…

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Added by Cindy Roy on March 21, 2012 at 7:53am — No Comments

Keeping a House Safe

One of the most important aspects of home ownership is being able to keep your home safe, so that it can be the secure and comfortable environment that your family no doubt desires. There is of course a certain measure of comfort that automatically accompanies any place we call “home.” Yet this comfort is meaningless if the security of your home is not adequately attended to. Fortunately, it is easy enough to take…

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Added by Michael Collins, CDPE, SFR, BPOR on March 19, 2012 at 11:40am — No Comments

Mortgage Forgiveness is Currently Set to expire at End of 2012

Mortgage Forgiveness is Currently Set to expire at end of 2012

One primary feature attracting many underwater homeowners to a short sale is the fact that the taxes are lowered thanks to a Mortgage Forgiveness Debt Relief Act of 2007 provision. However, that credit is set to go away at the end of the year 2012. This means that homeowners who have put off selling need to get busy.…

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Added by Michael Collins, CDPE, SFR, BPOR on March 12, 2012 at 1:52pm — No Comments

What Does it Take to Win in a Silicon Valley Short Sale Multiple Offer Situation

The market in the Silicon Valley market is very heated up this days,but there are still plenty of short sales being offered. Many of these short sales are in higher price ranges that have previously not seen a lot of short sale activity. What that means is that agents who do not have a lot of experience with short sales are making offers. Because the inventory is so low, most of these short sales are getting multiple offers. So if you are an experienced agent but not with short sales,…

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Added by Marcy Moyer on March 7, 2012 at 11:44am — 2 Comments

Short Sale Homes in Dane County Wisconsin

WI Market Update

Here is today's market listings update for Active short sale single family homes located in Dane County Wisconsin. This information was pulled from the South Central Wisconsin MLS on 3/6/2012 at 12:30 P.M.

  • 131 total short sale homes are currently listed in…
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Added by Michael Collins, CDPE, SFR, BPOR on March 6, 2012 at 4:00pm — No Comments

Short Sale Homes in Rock County Wisconsin

WI Market Update

Here is today's market listings update for Active short sale single family homes located in Rock County Wisconsin. This information was pulled from the South Central Wisconsin MLS on 3/6/2012 at 12:15 P.M.

  • 66 total short sale homes are currently listed in Rock County, WI
  • Low listing price: $26,800
  • High listing price: $290,000
  • Average…
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Added by Michael Collins, CDPE, SFR, BPOR on March 6, 2012 at 4:00pm — No Comments

FREE Loan Modification and other Options Workshop

FREE Loan Modification and other Options Workshop

Thursday March 8, 2012 6 pm to 8 pm

For any and all homeowners who are looking for help with their mortgage and/or property taxes.

What: FREE Workshop – Learn about Loan Modifications and Other Options

Where: Madison College (MATC) – Madison Truax Campus (near the…

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Added by Michael Collins, CDPE, SFR, BPOR on March 6, 2012 at 3:33pm — No Comments

San Jose Short Sale Got Wells Fargo Approval

I just got approval on a Wells Fargo Short sale in San Jose. It was both a long and short road.

The long road first:

Town home put on the market in October of 2011 at $575,000. After one week we received an offer for which the seller accepted and it was sent to the bank.

Sellers were not behind on payments but are getting divorced and neither one can afford the home alone or afford to buy out the spouse.

Bank orders BPO which comes in a little…

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Added by Marcy Moyer on March 5, 2012 at 11:31pm — 1 Comment

SHORT SALE APPROVAL in just 14 days! ANOTHER SHORT SALE SUCCESS STORY from Keller Williams Port St Lucie

Lender:  HSBC

CONTRACT DATE: 02/20/2012

Approval Date:  03/05/2012

Closing Date:  03/30/2012

Short Sales do close with the right Real Estate Professional.  You can have reasons or you can have RESULTS, and you can't have BOTH!

Call Kevin B Tolbert, PA of Keller…

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Added by Kevin B Tolbert on March 5, 2012 at 11:13pm — No Comments

Homebuyers Can Use FHA Loans to Purchase Property from Investors

Homebuyers Can Use a FHA Loan to Purchase Property from an Investor…

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Added by Michael Collins, CDPE, SFR, BPOR on March 5, 2012 at 2:07pm — No Comments

Short Sale Listings in Madison Wisconsin

WI Market Update

Here is today's market listings update for Active short sale single…

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Added by Michael Collins, CDPE, SFR, BPOR on March 5, 2012 at 1:30pm — No Comments

Do short sales bring higher returns than foreclosures? Not always. Do short sales bring higher returns than foreclosures? Not always.

Do short sales bring higher returns than foreclosures?  Not always.

In a recent market report based on sold properties over the past 30 says, I had an interesting finding.  In that report, I discovered that short…

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Added by Mike Cooper on March 5, 2012 at 1:00pm — 3 Comments

Available Short Sales in Winchester, VA - March 1, 2012

The current available short sales in Winchester, VA as of March 1, 2012, stand at 51.  The  combined foreclosures and short sales make up 18% of current available properties on the Winchester / Frederick County market.  There are 548 total properties listed as available.  Of that number, 96 are distressed…

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Added by Mike Cooper on March 5, 2012 at 12:30pm — No Comments

Why Not Try a By-Owner Short Sale?

Why Not Try a By-Owner Short Sale?

Copyright (c) 2012 Deanna & Jim's GOLD Team

Doing it yourself has a long and proud tradition.  There are some things that are simply not good to attempt yourself - root canals come to mind. This article explores the most important reasons not to attempt handling your own short sale, even if you are yourself a licensed agent specializing in short sales.

1. The…

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Added by Jim Gilbert on March 5, 2012 at 9:46am — 5 Comments

Short Sale Listings in Janesville Wisconsin

WI Market Update

Here is today's market listings update for Active short sale single…

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Added by Michael Collins, CDPE, SFR, BPOR on March 2, 2012 at 11:30am — No Comments

BofA rental short question

Hello everyone. Question for you who may have had this situation before. Client contacted me about doing a short on his home in CA. He bought the home in 2007 but one year ago moved in with his ill mother to take care of her. He rented out the home. Just two weeks ago he got engaged to a woman in CO and plans to move there.

So my questions are:

1. Does the illness of his mother, the new engagement, the massive negative equity, and the move to CO constitute a valid reason for a…

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Added by Billie Frazier, SFR/ABR on March 1, 2012 at 9:53pm — 2 Comments

CENLAR help?

Does anyone have a copy of the Cenlar short sale package?  We

absolutely cannot get them to send one out.

Added by Sandi Nilson on March 1, 2012 at 4:12am — 1 Comment

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