Foreclosure
Avoid Foreclosure and Stay in Your Home: Deeds for Lease Programs
We have heard news of deed for lease programs rumbling for some time, but Bank of America announced this week that it will begin making them a reality. What this means is that struggling homeowners will be able to turn their deeds over the the bank, and then sign a lease to stay in their…
Read More
5 Reasons Buying and Selling Real Estate is Difficult Today
Buying and selling anything in this economy can be a bit tricky, and that goes for real estate as well. Many buyers, who think they’ll be able to negotiate a phenomenal deal, are often discouraged when they actually get out there in the market and try to do so. Likewise, sellers who price their homes…
Read MoreRecent Real Estate News, and How it Effects You
There has been plenty of recent housing news that could effect the value of your home, so here are some of the latest updates: Bill to allow visas to foreign home buyers. Congress is considering a bill that would allow foreign homebuyers to purchase residential property in the U.S., in an effort to stimulate the…
Read MoreBanks May Pay You to Short Sell Your Home
Cash for keys programs – where the banks pay money to the homeowners if they walk away from their homes and leave them in good condition – have been common in the foreclosure arena for some time. Now the banks want to apply this principle to the short sale industry. I have been hearing tidbits…
Read MoreWhat’s New In the Distressed Property Market?
The distressed property market continues to be a big part of our real estate market, and there is a lot going on as of late. Here are some of the highlights: First time homebuyers getting tired of short sales: A survey conducted by Campbell/Inside Mortgage Finance revealed that first time buyers have had enough with…
Read MoreWill Obama Job Plan Really Help Housing Market?
After many real estate industry complaints that the new Obama administration recovery plans did nothing for housing (aside from refinancing assistance plans, which as we all know still require lender cooperation), out comes a plan with that goal in mind. But will this new plan really help distressed inventory and jobs, or is it merely…
Read MoreHow to Get Short Sale Lenders’ Attention (It Really Works!)
I read a story today about a short sale listing agent, beyond frustrated with the bank’s lack of response to her sale, who was able to get the bank’s attention in a simple way: by tweeting about her dissatisfaction. I loved this story because it shows that while banks may think they have the power…
Read MoreUnderwater Homeowner Solution Makes Sense
In trying times you can surely bet that there will be those who will come up with ideas – some good, some bad. There is one mortgage servicer that has been following a plan for the last year, and it has proven successful in helping underwater homeowners (those who owe more to their mortgagors than…
Read MoreWhat DO Lenders Want?
It has been a month and I have yet to hear from three lenders on approval of three short sale offers. While I know a month is not long comparatively speaking, my frustration grows on behalf of my buyers, who are all well-qualified and ready to open escrow. Amidst all the news that short sales…
Read MoreCould Your Lender Be Your Landlord?
There are some changes coming to the housing industry, most notably is that major lenders may soon end up being landlords. Do I have your curiosity? A new bill has been introduced that may prevent more foreclosures, keep shadow inventory from hitting the markets, and keep people in their homes. To read more check out…
Read More