foreclosures: Nothing like a good "Quote of the Day" ... that is absolutely the truth! - 11/19/09 10:48 PM
Just a little something to make you THINK and smile...... and it has nothing at all to do with:
Foreclosures,
Short Sales,
REOs,
Bank Owned Properties,
Market Conditions,
Cash for Keys,
Evictions,
Trash outs
Lawn service
Code Enforcers
Tenants,
Rentals,
Listings,
Low ball offers,
Offers of any kind,
Bank Acceptances,
FHA, … (2 comments)
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foreclosures: The Media is Finally Talking About Short Sales!! - 11/17/09 11:05 PM
This is a real good short sale source. The media should focus on short sales to help get the banks to moving on approving them at a faster pace. Short sale deserve to get media attention at this point. This is a great post and well worth re-blog.
If you … (0 comments)
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foreclosures: Nine Options When Facing Foreclosure - 11/15/09 10:52 PM
This is pretty handy list of options for someone facing foreclosure. I always advise to check with your lender to see if there are these or other options that you may qualify for - since things are changing so quickly in this crisis times.
Also, if you have a Fannie … (2 comments)
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foreclosures: Will the Seller consider FHA financing.... a common question - 11/09/09 02:49 PM
How important is it to make sure you indicate on the MLS if a seller will/will not consider FHA financing? Very. How many calls and emails will it save?
I believe this is why the MLS have a category for financing type. Since FHA is coming back stronger than before, … (2 comments)
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foreclosures: Deed for Lease Program: Helping you Avoid Foreclosure: Fannie Mae adds another Avenue/Option for homeowners - 11/06/09 04:43 PM
Fannie Mae offers - Deed for Lease Program instead of immediate foreclosure. this is another option rather than foreclosure or Short Sale.
If you do not qualify for a loan modification or have failed a loan modification plan you may be in luck to get in this Fannie Mae Deed for … (0 comments)
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foreclosures: Flood Gates ... are they open yet? And what's an agent to do? - 06/26/09 06:19 AM
Just a reminder! The word in the air is that it is time.... (June is almost over... July is coming) -----> Banks will be or are already releasing more of the foreclosures that they have in inventory.
Although there is also the possibility that banks will cooperate with the new programs … (61 comments)
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foreclosures: Price ‘em low: Pulls in multiple & higher offers..... & it makes Hayward, CA buyers mad about bank owned properties! - 06/19/09 01:31 AM
Is this strategy working? Price property low, pull in multiple and higher offers. Is this a way to see what the buyers are willing and able to purchase? Does competition make buyers more anxious? How long will it take before the buyers see what is going on and hold back to … (14 comments)
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foreclosures: What has changed with Short Sales? - 06/18/09 01:49 AM
Due to the foreclosure crisis, a number of programs have been added in order to help the situation. At first, the programs pointed towards helping the financial institutions rather than the homeowners. I don't know if that was on purpose but it sure did take a while for programs to get … (10 comments)
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foreclosures: Stockton, CA - Neighborhood Stabilization Program (NSP) - 06/05/09 02:42 AM
Act Now and get in on the money!
Neighborhood Stabilization Program ~ $2 billion has been allocated to the Neighborhood Stabilization Program (NSP), which is in addition to prior allocations. Be on the lookout for announcements of participating cities / counties that are among the selected areas that will get some of … (0 comments)
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foreclosures: Re-Defaulting / Re - Pre-Foreclosure - can you do it again? - 06/04/09 12:01 AM
Let's tear it apart and see what we get.
• Default mean you are late on your payments (over 30, 60, 90 or more days). This is the homeowner that is first underwater for at least 3-4 months with no mortgage payments on the loan (some homeowners are finding that they … (2 comments)
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foreclosures: Announcing the Race to ....."Deep Waters" --- who's next to go Under? - 06/03/09 11:49 PM
What states are out front in this race to the deep waters?
California, Nevada, Arizona and Florida, with Michigan, Ohio and Illinois close runners up. This is about the number of homeowners that are affected by being under water with their mortgage loans. This includes those that purchased or those that … (0 comments)
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foreclosures: Sitting on Inventory won't "fix-it"? But sitting in your chairs, releasing the flock of foreclosed properties might be a good start.... - 06/01/09 07:57 AM
This is the million or is it billion of dollars - question or ponder! Are the banks sitting on Rock Bottom or is it just Excess Inventory? And what is sitting on inventory doing to help? Will they let the previous buyers buy back their own properties? Will they rent out … (8 comments)
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foreclosures: Tenants should get CASH FOR KEYS for short sales - don't you think? - 05/29/09 05:24 AM
I am trying to figure out how we can get the banks to offer to pay Cash for Keys in the case of a short sale approval. Especially if the occupants to the property is a tenant. In the case where the owner get up side down on their mortgage (which … (4 comments)
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foreclosures: Dear Buyers..... This is the clearance rack & There is no 2 for 1 sales going on! - 05/26/09 09:18 PM
Dear Buyers:
This letter is written to all buyers (owner occupied, investors, second home, move ups, move downs... etc.). I am writing this letter to inform all the potential buyers that are sitting at the table trying to figure out if now is a good time to buy or not. To … (0 comments)
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foreclosures: A stroll through the neighborhood is not what it used to be! - 05/26/09 04:29 AM
What it used to be in taking a nice walk through the neighborhood and what you now is just not the same ! The neighborhood used to be a full and lively community with all the homes occupied. It used to be hard for people looking to purchase or rent a property --because they … (2 comments)
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foreclosures: How do you know when the chicken is done? - 05/24/09 11:31 AM
Somehow I am going to try to relate this to real estate!! But first to answer the chicken question. Since it Memorial Day holiday weekend... make sure when you cook the chicken you make sure it is done. There is nothing more dangerous to you than chicken that is not completely … (16 comments)
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foreclosures: Let's go slog through the red tape.... put your boots on! - 05/22/09 04:01 AM
The big buzz word nowadays is "loan modification". When we talk to someone we tell them to go to their lender and ask for a loan modification. But really what are we doing to that homeowner? Are we giving them false hope? Are we setting them up for a deeper downfall … (0 comments)
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foreclosures: First to show up to view the property.... but will they buy? - 05/18/09 08:15 AM
I have noticed the very first viewers that will show up at the property --- before it is cleaned up and listed - are the:
Looky-loos (not serious buyers but will waste a lot of your time) -- I tell them I am not just cleaning it up and it is … (2 comments)
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foreclosures: FHA required vs. Repairs that are not FHA required - What is the difference? And is there a list? - 04/11/09 01:51 PM
Due to the mass foreclosures (bank owned homes) being sold and given the damages that are coming in on all the various reports and inspections, the banks are now starting to take a hard look at how to minimumize the vast amount of repair expenses they are encountering. Right from the … (1 comments)
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foreclosures: Make an offer and getting an acceptance from the bank ~ can get complicated... - 03/29/09 06:04 PM
Let me just throw out some key bullets on how bidding/making an offer for a property can be complicated:
Time - (better known as patient) it will take the bank just as long as they need to decide. An agent, or a few agents cannot tell you how long it will take them … (0 comments)
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