June 2010 Blog Posts (24)

QUESTIONS DIVORCING COUPLES ASK US ABOUT DIVIDING THEIR REAL PROPERTY

Questions Divorcing Couples Ask Us About Dividing Their Real Property.

My business partner and I are Certified Real Estate Collaborative Specialists-Divorce (RCS-D) Realtors. This is a specialized certification that is recognized by CAR (California Assocation of Realtors) and NAR (National Association of Realtors). We specialize in assisting divorcing couples in the division of their real property.

Most divorcing couples have no definitive knowledge of the legal…

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Added by Michele Ashbarry on June 29, 2010 at 6:00pm — 2 Comments

UNREASONABLE APPRAISAL ISSUES DURING SHORT SALES

Unreasonable Appraisal Issues During Short Sales

Every once in a while, an appraisal issue comes up that leaves you scratching your head in puzzlement. On our latest short sale, the appraiser clearly didn't want to bring the appraised value of the property in at the asking price (and, incidentally, the price the buyer was willing to pay). Even though I provided excellent comps that sold well above the asking price of my listing, the appraiser was…

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Added by Michele Ashbarry on June 29, 2010 at 5:12pm — 4 Comments

NAR's Short Sales and Foreclosure Resource (SFR) Certification

Has anyone taken the certification?

Added by James Foster SFR on June 28, 2010 at 9:39pm — 3 Comments

Ocwen-trouble

Any one have an approved short sale and then have the bank add requirements after (a promisory note of 70k)! Does Ocwen really close files or do they take them back via forlcosure?

Added by Debbie Battista on June 23, 2010 at 8:12am — 5 Comments

Has anybody had any luck mailing to Pre-Notice of Default List

We just sent out a mailer to 500 local pre notice of default clients and are hoping to have at least a 5% response rate. Has any one attempted this and have any success?

Added by Jason R. Anderson on June 21, 2010 at 12:26pm — 10 Comments

Hello Everyone!

I am just join the group and would like to say hi to everyone!

Added by Nicole Truong on June 21, 2010 at 3:05am — 3 Comments

Mother Nature and the Current Housing Market

While being neither a scientist nor economist, there seems to be a similarity between one of Mother Nature's harshest events and the state of the US housing market.



A forest fire begins in a number of different ways but a common element is usually the existence of an over-abundance of fuel including dead undergrowth. The forest fire consumes this dead undergrowth but usually

damages other plants, animals and human dwellings along the way. Once the fuel is gone, either…

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Added by Joe Stradcutter on June 19, 2010 at 4:15pm — 1 Comment

Should you tell the bank NO, or should you Sleep on it?

Hi everybody, Paul Antonelli here with another short sale tip from questions asked on the website, That Short Sale Guy dot com. One of the questions that I get asked a lot is “Hey Paul, how much is it going to cost me to do short sale”? Or “How much are you going to charge me to do a short sale”? And “What is my out of pocket expense to do a…

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Added by Paul Antonelli on June 19, 2010 at 3:56pm — No Comments

Seeing more HOA's with Notice of Default on unit here in California

Recently I have noticed some HOAs recording Notice of Defaults (NODs) here in California. And, this is without a NOD from the lender on the unit. Could it be that people are not paying their HOA dues but continuing to pay their mortgage OR that the lender is holding off on recording the NOD.

My understanding is that after a property is foreclosed, the HOA lien may extinguish. However, I have seen a situation where the lender had to pay off the HOA lien before closing escrow…

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Added by Sara Mehrpouyan Los Angeles CDPE on June 17, 2010 at 5:20pm — 4 Comments

HAMP redefault rates projected as going up

This just in from DSNews:…
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Added by Steele V. Propp on June 17, 2010 at 8:50am — 1 Comment

Short Sale your home and Buy again right away!

Here in Ca we have a Short Sale and Buy Program for Homeowners with good credit & no missed payments!

RULES:

Homeowner must be current on their mortgage, no missed payments.

Homeowner must have good credit, at least 580 or above.

Homeowner must have bought the home they are short selling with a conventional loan, since the loan

they will be utilizing to buy the new home will be an FHA loan.

Homeowner's new home has to be less than the purchase…

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Added by Sheyenne Schultz on June 17, 2010 at 4:11am — 5 Comments

Tax Credit With a Twist

Here in Colorado I have a new Pass-thru tax credit that is available. It is available for all buyers not just 1st time home buyers. On Monday, May 31st (Memorial Day) I submitted 55 listings to Craigslist and "captured" 132 buyers in 2 days ! If
anyone in this state would be interested in it to move properties and
attract buyers let me know.

Added by Dana Gibson on June 16, 2010 at 2:20pm — No Comments

Another tax credit extencion coming 6/14/10. Yes !!!

This could be good news for those that we made offers on a short sale April 29th

http://http://www.thinkbigworksmall.com/mypage/archive/1/51141

Added by Cecilia Rodriguez on June 15, 2010 at 1:10am — No Comments

How HAFA gets short sale sellers hoping for a mod off the fence

Im just fininshing my certification for HAFA... I highly recommend the certification. Its relatively inexpensive and the course provides a great level of detail on a fairly complex program that is going to become the standard for short sales. Go to assetplanusa.com to check it out.



I learned something HUGE that should be able to help all your fence sitters that are out there holding out hope for a loan modification while rolling down the road to foreclosure.



Most people… Continue

Added by Brett Jennings on June 11, 2010 at 6:48am — 5 Comments

Amesbury MA Short Sale- Successfully Closed!!



Amesbury Short Sale Closed

Amesbury MA Condominium- Whitehall Lakes- 5 adams Court Another short sale closed this week by my short sale team. Property…

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Added by Kevin Vitali on June 10, 2010 at 3:17pm — No Comments

Does Your Value Proposition Align With Your Business Practices

As mere children, we learned to the Golden Rule to always do unto others as we would have them do unto us....or something to that affect. However, recently all that we hear about is corporations running rampant with questionable business practices that have almost annihilated the American middle class, governmental back room deals that further diminish our capacity to live the American Dream, and banking practices that are just plain, downright abhorrent (to say the least). Even over the…

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Added by Vanessa Calhoun on June 7, 2010 at 10:38am — 5 Comments

Short sale or Foreclosure?

An experienced Realtor can mean all the difference when choosing to Short Sell your home or let it go in a Foreclosure.

Having represented both sides of a short sale, it is almost always a long 30-90 day process. The word…

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Added by Linda Suidan on June 4, 2010 at 7:41pm — No Comments

Homeowner told to file for bankruptcy by their attorney... was it the right choice???

I just want to run this pass the Short Sale Specialist Network and see if you guys have the same response that I had. Now mine you I do not know all the particulars because it was not my clients. This was a story I ran across in our local newspaper, but in my opinion it was very distrubing. Here is the short version. A homeowner in Virginia Beach, VA purchased a home with his wife for $195,000. Took out a second which brought the principal up to 212,000. 2 years later he loss his job and got a… Continue

Added by Charles H. Lewis III on June 4, 2010 at 7:30am — 8 Comments

The bank removed my supra lockbox

I had a Townhome in Kennesaw, Georgia that I had started marketing as a Short Sale. My clients were a nice family that had moved up into their dream home a few years ago. At the time of moving they had decided to rent the townhome. Meanwhile, the townhome community fell into a lot of foreclosures and the value of the townhomes dropped about 60,000. The renters decided to move out because of the up keep of the community. It turned into a situation where this hard working family could not afford… Continue

Added by Linda Suidan on June 3, 2010 at 11:30pm — 6 Comments

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Ocwen Contacts Short Sale Package

Started by Jan Baron in Rants and Raves. Last reply by Anna Wilk Jan 14, 2016. 5 Replies

Shellpoint Mortgage

Started by Celeste ODea in General Discussion. Last reply by Brett Goldsmith Sep 4, 2015. 3 Replies

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Started by Colleen J Couse in Rants and Raves. Last reply by Brett Goldsmith Sep 3, 2015. 1 Reply

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