Posts Tagged ‘short sales’
Short Sale Changes Coming November 1
Beginning November 1 there will be some significant changes to how short sales are handled, and the new guidelines could be a big benefit to those sellers who otherwise may not have been able to short sell their homes. A short sale is when a home is sold for less than the amount owed on…
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Real Estate News REcap
Will Housing Money be Spent on Housing? The national mortgage settlement with some of the biggest U.S. Banks (from the the robo-signing scandal last year) is supposed to provide many states with money to help with housing issues. California, set to receive a $410 million settlement, could create more programs to help distressed homeowners stay…
Read MoreShort Sales are NOT Getting Any Shorter
One of the biggest frustrations in my work is dealing with short sale lenders. With all the recent claims that these lenders are going to embrace short sales and make them quicker, the reality is that is not happening. Why is this so? Your guess is as good as mine, but let’s look at some…
Read MoreShort Sale and Foreclosure News Brief
There is a lot going on in the short sale and foreclosure arenas, and much of it may effect buyers, sellers and underwater borrowers. Here is the latest news: Short Sales: Will They Soon be Shorter? There has been talk about making short sales shorter – not a new topic of course but this time…
Read MoreRent Your Home and Avoid Foreclosure: Too Good to be True?
These days it is frustrating to figure out options to avoiding foreclosure. Many homeowners who call me to discuss short selling have similar questions: what are my options. Of course, there are options out there – like refinancing (HARP2 will be able to help some underwater borrowers starting in a few weeks – see previous…
Read MoreFree San Diego Homeowner Short Sale Seminar
If you have ever considered a short sale, or would like to learn more about how they work, I have the seminar for you…and it’s free! Shortsaleopedia and I have collaborated to hold monthly seminars to help homeowners in San Diego, and the first one is this Wednesday, February 15, from 6:00-8:00 p.m. at the…
Read MoreWells Fargo Makes Short Sales More Difficult
Well, as surprised as I am, Chase has been kicked from the number one spot on my least favorite short sale lender list (but it is still a close second), making room for the new #1: Wells Fargo. I work with many short sale buyers and sellers – some say I’m nuts to do so,…
Read MoreGet Paid to Short Sale Your Home
Short sales are a big part of our real estate reality, and they are not going anywhere anytime soon. Although the relief of getting out of a mortgage that can no longer be maintained is usually a blessing for sellers, there is also an added benefit in some cases, of gettingĂ‚Â a check from the…
Read More4 Important Short Sale Facts You May Not Know
Short sales are part of the housing market and they will not be disappearing any time soon, yet many people still do not understand some of the short sale basics. Hopefully this will clear things up. 1. Do you have to be delinquent on your mortgage payments to short sale? No. This is a common…
Read More5 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…
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