December 2010 Blog Posts (43)

Looking forward to 2011!

Wishing everyone a very happy and prosperous 2011!



2010 has been a wonderful year for my family and me on a personal and professional level and I am very excited about our prospects for 2011.

Look for many exciting announcements from us in the near future as we start 2011 with a bang and we eagerly venture into the second decade of this millennium with lots of exciting plans well…

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Added by Joe Robaina on December 31, 2010 at 8:34pm — No Comments

The Real Estate Market of 2010- The Year of Intervention

Real Estate 2010: The Year of Intervention



This past year has been very challenging for real estate. The market was defined by outside intervention. This intervention tugged at historic trends. Government involvment caused market fundamentals to be distorted beyond recognition. Unpredictability was the only thing we could predict.



Modifications

The administration’s announced goal of the modification program was to save 3-4 million families from losing their homes.…

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Added by Kathryn Lovell on December 28, 2010 at 3:38pm — No Comments

MORTGAGE ELIMINATION--THE LATEST FORECLOSURE SCAM

Mortgage Fraud Examiners, the investigative firm who warned the public about the “criminal loan modification trap” and “useless” software audits, is now warning the public of this latest scam—“The

Administrative Process”

 

Actually, this scam is…

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Added by Storm Bradford on December 28, 2010 at 2:16pm — No Comments

BEWARE OF THE LATEST FORECLOSURE RESCUE SCAM—FORENSIC LOAN AUDITS

Mortgage Fraud Examiners exposed this problem of bogus forensic loan audits almost two years ago in a press release: "Beware of the Latest Foreclosure Rescue Scam—Forensic Loan Audits."…

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Added by Storm Bradford on December 28, 2010 at 2:09pm — No Comments

BEWARE OF THE DANGER IN LOAN MODIFICATIONS

Mortgage Fraud Examiners, the investigative firm who warned the public about “useless” software audits, and "The Administrative Process” is now warning the public of the

“criminal loan modification trap.”…

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Added by Storm Bradford on December 28, 2010 at 2:00pm — No Comments

Short Sale Welcome Call from Bank of America



Bank America is trying something new again.

Below is a copy of an email I received from Bank of America…

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Added by Sidney Kutchuk on December 28, 2010 at 4:43am — 4 Comments

Market Comment for Week of December 27, 2010...

MARKET COMMENT   Mortgage bond prices started the week in positive territory. Unfortunately those gains were short-lived as trading was thin and choppy with continued large market swings. Most of the data was neutral. We received some positive news that inflation remained…

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Added by Kenneth Bargers on December 27, 2010 at 10:34am — No Comments

What sells for Greater $$$ Short Sale or REO?

Dan and Traci & Consultants with Keller Willams Realty is a full-service brokerage that specializes in short sales and foreclosures.  We’ve saved dozens of individuals and families from losing their homes to foreclosure.



As we sell both bank owned home as well as short sales, often we are asked, "Does an REO or a short sale sells for greater money?" According to the Metropolitan Regional Information Systems…

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Added by Dan and Traci Rochon on December 24, 2010 at 10:30am — No Comments

The Trick is to Not Flood the Valley

The Trick Is To Not Flood the Valley





Banks and the government have struggled to get the current foreclosure situation under control. The modification programs have helped many families avoid foreclosure. However, the number is but a small percentage of those incapable or unwilling to pay their mortgage. This has resulted in an ever increasing number of bank owned foreclosures (REOs).







The banks are in a difficult situation. If they release this inventory… Continue

Added by Kathryn Lovell on December 23, 2010 at 1:12am — No Comments

Existing-Home Sales Rise 5.6%

Existing-home sales got back on an upward path in November, resuming a growth trend since bottoming in July, according to the National Association of REALTORS®. 

Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums, and co-ops, rose 5.6 percent to a seasonally adjusted annual rate of 4.68 million in November from 4.43 million in October, but are 27.9 percent below the cyclical peak of 6.49 million in November 2009, which was the…

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Added by Kenneth Bargers on December 22, 2010 at 11:08pm — No Comments

Can you believe this!

I can't believe this!!



I am trying to close a sale today with CHASE,they will be PAID IN FULL!



No short sale,PAID IN FULL, including all late fee's,attorney fee's,and foreclosure fee,s.

This home will go into foreclosure if not closed by the 23rd of this month.



We go to close today and the title company will not accept the pay off as it is not on Chase's letter head.

When a property with Chase goes into pre-foreclosure the pay off is sent to escrow by… Continue

Added by Sidney Kutchuk on December 22, 2010 at 10:11pm — 3 Comments

For Sale By Owner Blues "BuyOwner.com" files Bankruptcy

For Immediate release:

author:

Kurt Chapman, Exclusive Agent

Florida Licensed R.A.

Fort Myers, Fl

 

 

As a professional Real Estate agent, I have to admire those trying to sell a home on thier own,, but the facts are that most are doomed to failure in this endeaver and will eventually turn to a Realtor for help.

Latest sign of the difficulty in "For sale by Owner" blues is the demise of the popular do-it-yourself website for home…

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Added by Kurt Chapman on December 22, 2010 at 1:30pm — 1 Comment

Happy Holidays to all, be safe

Let's all have a great 2011

Added by Marvin A. Remmich on December 22, 2010 at 12:40pm — No Comments

US BAnk

Ok here I am again.  I've been holding on the phone for 45 minutes and can't get anywhere.

I have a negotiator, Terry Hairston who does not respond.  We have worked(tried to work) this short sale for over 6 months and it has been the worst experience I have had with a lender.  I need vp numbers, contacts, anything to get responses.  We finally got a verbal from Terry in November which was ridiculous as without even reviewing the file, he wanted the seller to come up with $10,000.00 on…

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Added by Sharon Steel on December 20, 2010 at 3:31pm — 8 Comments

Market Comment for the Week of December 20, 2010...

MARKET COMMENT   Mortgage bond prices got crushed the beginning of last week pushing rates significantly higher. Increased inflation fears tied to the Fed’s quantitative easing (QE2) and stronger than expected data led to an increase in mortgage interest rates. Retail sales and producer price data were higher than expected. Fortunately the bond market became so oversold that buyers emerged and mortgage bonds rebounded Thursday afternoon and Friday. Even with the bounce back…

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Added by Kenneth Bargers on December 20, 2010 at 10:12am — No Comments

10 States Losing the Most Residents

Using data from Moody’s Economy.com, Forbes identified the top-10 states where more residents are leaving than arriving. 

 

The factors that encourage outbound migration from these states are mostly economic — high employment and high cost of living — although both Louisiana and Mississippi have been affected by natural disasters. 

 

The 10 states that have said goodbye to the most residents are

  1. New…
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Added by Kenneth Bargers on December 17, 2010 at 8:01pm — 1 Comment

Glendale, CA Real Estate | Short Sale Specialist | Short Sales | CA Free Loan Modification: Renters trashed my house. What should I do?

Glendale Short Sale | Burbank Short Sale | Granada Hills Short Sale | North Hollywood Short Sale | Van Nuys Short Sale | North Hills Short Sale



 

 

Glendale CA – Jennifer Escobar recently received a question from Richard. “I accepted a job transfer and had to move. Unfortunately we were upside down…

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Added by Jennifer Escobar on December 16, 2010 at 2:30pm — No Comments

Vote for Best and Worse Short Sale Lenders!

Short Sale Help

We are taking another survey of short sale agents around the country. This time, we're asking what your five least favorite lenders to work short sales with. The results are also in for our other survey when we asked…

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Added by Mike Linkenauger on December 13, 2010 at 5:00pm — 2 Comments

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