shortsale: Weirdness is Running Rampant in Our Office... - 02/03/11 01:50 PM
Weirdness is Running Rampant in Our Office...
Have you ever had one of those days...
I've been having one of those WEEKS in our office!
First, one of our owners (remember, we manage rental units too) has been foreclosed on.  Except... OOOPS... it was supposed to be the neighbor's unit, not his!  He's never missed a payment! Hmmm...
Second, my title company catches an issue on one of my short sales.  Seems that back in 2008 when my seller got divorced, the paralegal she hired to handle the documents accidentally left someone elses name in one of the spots on the … (7 comments)

shortsale: Another Loan Mod bites the dust! My New Listing (again!) - 01/19/11 01:47 AM
Another Loan Mod bites the dust!  My New Listing (again!)
Back in the summer of 2010 I listed a home.  It was a HAFA short sale deal where the bank had already given us the price and approved the seller, I just had to find the buyer.
We got a buyer within the first week, but before the seller could even sign the contract, an attorney contacted her and told her that he would be able to do a loan modification for her and let her keep her house at a payment she could afford. (remember she had already been turned … (63 comments)

shortsale: Bank of America's new Agent Short Sale Resource Site... a review. - 10/20/10 09:24 AM
About a week ago I stumbled across the new site, www.BankofAmerica.com/realestateagent and wanted to share it with you.  Today, I got an "official" email announcement from Equator.
On it they have:
videos webcasts (both future and replays) education guides reference guides links to other sites (like equator and your local BofA loan officer) HAFA guidelines and more They also talk about the new "Bank of America Cooperative Short Sale Pilot" (although this kind of sounds like they admit their old process was un-cooperative! :)
Hey, any help they can give both experienced AND inexperienced agents crawl through their process a little … (1 comments)

shortsale: Fannie Mae launches a new consumer-education website on foreclosure options - 08/03/10 09:38 AM
Today Fannie Mae launched a new consumer education website on foreclosure options.
The way I found out about it was when I received a call from the Orlando CBS affiliate, Channel 6 News asking if they could interview me about the new site... www.KnowYourOptions.com
So while he was asking me questions about the ramifications of a foreclosure on your life (credit, jugdments, etc.) I pulled the site up quickly to take a peek!  It's actually a pretty good site!
A lot of the information they are sharing is similar to the info I put on MY info site, www.BeforeYouShortSale.com which is … (2 comments)

shortsale: Today there are 729 homes for sale in Seminole County that are Bank Owned or Short Sale - 05/06/10 04:47 AM
I like to report what's going on in the Seminole County foreclosure market (which includes short sales and bank owned).  Whether you're considering selling your home or you're looking to buy a home (first homes AND investment properties) The knowledge our office has of the Seminole County market can help you meet YOUR goals!!!
In the first quarter of 2010, there have been 1,210 sales, of those, 282 were short sales (23%), 445 were bank owned (37%), and 483 were "regular" sales (39%).  Also, median home prices are broken down the same way: Median Home price in Orlando Area was $110,000, … (0 comments)

shortsale: Considering a Short Sale in Florida? Don't Move Out of Your House! - 04/05/10 06:47 AM
Considering a Short Sale in Florida? Don't Move Out of Your House!
Today marks the first day of HAFA (Home Affordable Foreclosure Alternatives) which is the new program that is supposed to make short sales easier, faster, smoother, and may even PAY you to cooperate with your lender, but in reviewing some of the guidelines, I noticed a biggie that isn’t being talked about… YOU SHOULD STILL BE IN THE HOME! If you move out into another house it might hurt your chances! Here’s some basic guidelines:
Who is eligible for HAFA? The borrower must meet the basic eligibility criteria for … (0 comments)