June 2013 Blog Posts (14)

HFC Short Sale on a Townhome

I need some serious help!!!  I've been blessed to try and perform a Short Sale on a Town-home listed on 05/31/13 and has a foreclosure sale date of 07/17/13.  The lender HFC will not postpone foreclosure sale date, even with the offer we have in on file, and they say could be 30 for review, even though that could go over the time, and they wont tell me where value is really at.  Any suggestions to get postponed for more time, or how to get a better offer in time to close by 07/17/13?

Added by Dennis Ross on June 28, 2013 at 2:27pm — 2 Comments

Wisconsin May 2013 Housing Statistics

The Wisconsin housing statistics are in for May of 2013. Here is an excerpt from what the Wisconsin Realtors® Association (WRA) had to say:

Strong home sales in Wisconsin for May helped boost prices up, according to the most recent statistical report released by the Wisconsin REALTORS® Association (WRA). The sale of existing homes in May increased 18.2 percent over last May, now the 23rd straight…

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Added by Michael Collins, CDPE, SFR, BPOR on June 27, 2013 at 10:26am — No Comments

Mike stepped up in every aspect - Our house sold very quickly

Rock Realty Client Testimonials



"I found Rock Realty on the internet while looking for someone to help us sell our house .. I called and talked to Mike, we set up an appt and he got the ball rolling... and wow did he get the ball rolling..he stepped up in every aspect.. the house was all over the net and we had people looking at the house right away .. he was right there every time we had questions and made us feel as if we were his only client.. he…

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Added by Michael Collins, CDPE, SFR, BPOR on June 26, 2013 at 11:43am — No Comments

Select Portfolio Short Sale

Hi There , would like to get some help!  i have a short sale with 2 loans , 1st lien with Select portfolio and 2nd lien with Bank Of America. This is a HAFA short sale and Select portfolio is not willing to give the approval on the first before we get the approval on the second . Bank of America on the other hand is not willing to give the approval before the first. typically we get the first lien approval and than we go to the second! but Select portfolio is insisting to get the second…

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Added by Nisrine on June 21, 2013 at 6:08pm — 1 Comment

Went to Bank Of America Seminar Today

Hey everyone,

I went to a FREE Bank Of America short sale seminar today. It was only 3 hours and boy was it packed with great info. I learned a ton of stuff  about the "waterfall" process as they call it, and how "they really think". Totally worth your time if it comes to a location near you. Tomorrow its in Elizabeth NJ,then Queens NY

Here is the link for more info:…

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Added by Lori L Gazzano on June 18, 2013 at 10:02pm — No Comments

Ocwen not accepting any short sale

Ocwen is not accepting any offers on a short sale condo. They are not willing to say why. They have done a BPO ( although I have no idea how as they never asked for entry), but are unwilling to share the findings of the BPO. How and what can we do to "make" them accept any of the 34 offers?

Added by Antoine Pirson on June 18, 2013 at 12:58pm — 4 Comments

BANK OF AMERICA - FHA SHORT SALE STALLS - 13 MONTHS

I don't know what is going on at Bank of America,  but I have two stories to that are eerily similar.  Case number #1:

  One short sale was started June 6, 2012.  The date is right.  It really has been going on a year.  It took 3 cases at HUD to finally get the seller out of " loan modification " status and into "short sale."  I have had the same buyer for a year.   On February 19, 2013 I was…

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Added by Carol Pease on June 18, 2013 at 9:19am — 2 Comments

Michael, Patient and Understanding w/ My Short Sale

Rock Realty Client Testimonials



"Mike Collins was easy to talk to and very good at explaining in detail all aspects of the short sale of the property. With a lot of patience, he walked me through the process of a short sale. He was understanding of my plight and very sympathetic.

Mike was a pleasure to work with and he is a man of his word.

Thank you, Mike, and best of luck to you."

Tom D. (Oxford, WI)

Rock Realty Seller…

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Added by Michael Collins, CDPE, SFR, BPOR on June 11, 2013 at 4:27pm — No Comments

Fannie Mae Announces New Effort To Streamline Short Sales

In an effort to speed up the short sale process, Fannie Mae is increasing early communication with real estate agents by asking listing agents to register accepted short sale offers with the GSE.

By registering offers, Fannie Mae says there will be greater transparency in the process and it will also allow the GSE to be more proactive…

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Added by Mike Linkenauger on June 7, 2013 at 12:30pm — 1 Comment

Step by Step Guide to Buying Homes with your IRA

How to Buy Investment Properties with an IRA - Step by Step (Part 4 of 4)

Using a self-directed IRA to buy real estate is a sound investment strategy for many people. The ability to buy assets that can provide strong returns is appealing to a wide range of people. Listed below are the basic steps necessary to buy a property in compliance with the IRS rules governing the use of an IRA account.…

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Added by Michael Collins, CDPE, SFR, BPOR on June 7, 2013 at 10:13am — No Comments

How to invest in real estate using an IRA

How to invest in real estate using an Individual Retirement Account, IRA (Part 3 of 4)…
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Added by Michael Collins, CDPE, SFR, BPOR on June 6, 2013 at 11:13am — No Comments

HOW LONG DOES THE LOAN MODIFICATION PROCESS GENERALLY TAKE

If you applied for a loan modification and have not heard from the bank after a couple of months, you’d tend to get a little nervous and perhaps even annoyed. With this in mind, many homeowners ask us, “When will the bank advise me as to whether I am going to get a modification or not?” and “What should I do while I’m waiting?.”

How long does a loan modification take?

The loan modification process typically takes six (6) months to nine (9) months depending mostly on your bank…

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Added by Ray Garcia on June 6, 2013 at 1:36am — 1 Comment

Purchasing Investment Properties for your IRA

Purchasing Investment Property using an IRA (Part 2 of 4)…
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Added by Michael Collins, CDPE, SFR, BPOR on June 5, 2013 at 3:41pm — No Comments

How a Realtor® can help you invest in your IRA

A Realtor® can help you invest in an IRA (Part 1 of 4)
Using a self-directed IRA can be a great way to start your journey to owning…
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Added by Michael Collins, CDPE, SFR, BPOR on June 5, 2013 at 10:27am — No Comments

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