Differences Between FHA and Conventional Mortgages
Across the land the vast majority of home buyers use either a FHA or a conventional mortgage to purchase a property.…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 31, 2012 at 5:08pm — No Comments
Looking for contact information and documentation list for Wells Fargo 1st position short sales. Is wells utilizing the "Equator" platform?
Understanding Specific Requirements of Appraisal for FHA Loans in Wisconsin
The all-time low mortgage rates combined with…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 30, 2012 at 1:50pm — No Comments
May 2012 Could Signal a Turn Around for Housing Market
There is some hope for the real estate market. According to a report published by the Commerce Department the number of homes purchased in May of 2012 was the highest number in over two years. The number of purchases increased from…
FOR IMMEDIATE RELEASE:
Michael Collins Earns NAR Broker Price Opinion Resource Certification
Sellers and Lenders Benefit from REALTOR® Expertise in Broker Price Opinions
Madison, WI — Michael Collins with Rock Realty has earned the nationally recognized Broker Price Opinion Resource certification. The National…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 26, 2012 at 10:17am — No Comments
New Jersey has been facing one of the most challenging economies in its history. The housing market has been decreasing at such a rapid pace that one out of three homeowners owe more on their mortgage then their home is worth. Some parts of the country one out of every five homeowners are behind on their mortgage payments. You might be in a similar position that you need to sell but owe more on your home then its worth. You might have a ARM…Continue
Added by Carl SanFilippo on July 23, 2012 at 10:42pm — No Comments
I'm someone who wanted to buy a property. We waited a week each time we asked the listing agent if we could see the property, but she never called us. We found an agent to show us the house and immediately entered our bid with complete pre-approval at market value. We learned that someone who was also represented by the listing agent had bid a lowball cash offer and had been declined by the Bank of America. She said she would submit our bid, but the next day, submitted the initial investors…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 23, 2012 at 11:17am — No Comments
Added by Ed Clements - SFR on July 20, 2012 at 6:03pm — No Comments
Phoenix AZ – Let's say a friend owes you a thousand dollars. They come to you with a sob story about how they are broke and cannot afford to repay you.
"I am so broke that we are about to lose our car. And the electricity was turned off last month when we missed the payment. I can't even afford diapers for our son", they tell you.
Added by Enoch Simmons on July 20, 2012 at 11:27am — No Comments
The real estate industry is just like any other major industry segment. The people that work within the industry use specific phrases and words that are not too common in other types of work. Understanding…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 18, 2012 at 9:25am — No Comments
I would like to share this story and get the groups recommendations and opinions.
I am or was the buyer in a SS until Friday. The story started a couple of months ago when I found a house I liked. I talked to a real estate agent that my daughter purchased a house from about 3 years ago and decided to go with him since he lives and is knowledgeable in the Simi valley/Moorpark areas. He found out that it already is in a SS transaction but recommended we submit a back up offer, and so we…
Do you qualify for a Loan Modification or Principle Reduction?
If yes, you should do it.
If you do not qualify for a Loan Modification or Principle Reduction, see questions below.
1) Are you comfortable with your current mortgage payment?
2) Are you confident your income will remain constant?
3) Do you see yourself living in the home for the next 7 to 10 years without having the need to move for
employment or to move up or…
Added by Ed Clements - SFR on July 14, 2012 at 5:00pm — No Comments
I have been working on a Redwood City short sale with Chase since last September. Now if this were 2009 this would be more like dog bites man rather than man bites dog. But is is 2012 and most short sales do not take so long. However, this one has a 3rd loan for a lot of money and it slowed the process down.
Selling the property at market value was not that hard, despite being on a fairly busy street. We got an offer for $510,000 and a BPO for…Continue
Added by Marcy Moyer on July 13, 2012 at 8:53pm — No Comments
Ill make it short and sweet. Got a great deal approved 2 fam and a store approved. The home owner shoots his tenant in front of the buyer and scares the buyer off the deal....... Guess I will get this short sale even lower now?!?
Anyone with experience in short sales and REO's know the bank requires proof in writing that the buyer has the necessary funds for the purchase of the property. If the buyer is paying cash I have always advised them to obtain a letter from their bank stating they have…Continue
Bank of America Increases Relocation Assistance Payments to Customers Completing Preapproved Price Short Sales…
Added by Michele Ashbarry on July 11, 2012 at 6:35pm — No Comments
Rock Realty Client Testimonials
"Mike Collins helped us sell our home, he was a very nice guy and always there when we had any questions or concerns! Mike went above and beyond and even helped paint the house when there was a time crunch for the inspection. We appreciated all that Mike did!"
Katy K.(Janesville, WI)
Rock Realty Client…
Added by Michael Collins, CDPE, SFR, BPOR on July 10, 2012 at 3:20pm — No Comments
The powerful thing for real estate investors to do today is to make their leasing properties stand out more than their opponent properties. A buyer's market out there for houses likewise a renter's market out there for rental properties too. If you own local rentals, then property management services provides you the most likely one by making your…
Added by Andrew Willson on July 9, 2012 at 9:30am — No Comments
Rock Realty Client Testimonials
"My first listing contract (with another agency) expired without a single showing. I contacted Mike Collins hoping to get some straight advice about whether he thought the property would ever sell versus letting the lender foreclose on the property and save my mortgage payments for legal counsel. He was upfront from day one. He told me that it would take a while and that I'd probably have to hold it through the winter…Continue
Added by Michael Collins, CDPE, SFR, BPOR on July 3, 2012 at 3:44pm — No Comments