mother and daughter realty team: HAMP (Home Affordable Modification Program) - how is it working in your state? part II - 11/28/09 02:55 PM
Here is a list of the 26+ participating servicers for the HAMP Modification program: Taking into consideration that the program got up and running in the month of April 2009. Looking at the estimated eligible 60+ days delinquent, comparing it to how many trial plan offers were extended and then look … (3 comments)
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mother and daughter realty team: Buyers: What is the R E A L "Effective Date" - a frequently asked question.....for REOs - 11/27/09 07:04 PM
A frequently asked question.... When is the effective date of this REO/bank owned contract?
Sometimes it is not clear to all what the "effective date" is --- Especially when dealing with (foreclosures) -bank owned properties / and more popular Fannie Mae/ Freddie Mac: There can be many reasons for this delay: Fannie … (2 comments)
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mother and daughter realty team: Buyers: VERBAL acceptance??? What’s that got to do with Effective dates? - 11/27/09 12:25 AM
Time to scratch your head again!
Listing agents are sending out emails to the buyer’s agents that say it is a verbal counter from the bank. Wait! Hold your horses - don’t get too excited about it until you really think it out and get yourself together long enough to see … (16 comments)
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mother and daughter realty team: There’s no RUSH… to getting back into Homeownership- is there? - 11/26/09 11:55 PM
There is a rumor... or is it truth?? That FHA is lowering the waiting guidelines on how long you have to wait AFTER you do a Short Sale to purchase another home using FHA financing.
Some say it is 3 years or longer, some say as soon as 1 year after!! … (2 comments)
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mother and daughter realty team: So anyway... the agent sat down at the Seller's table ... and wrote her buyer's offer! - 10/20/09 07:04 AM
That is right! Right in front of other agents, the seller and of course the other potential buyers -- right there at the open house! Let me tell you the story and you tell me if you feel this is a good tactic or just bad ethics.
Seller agreed to hold … (8 comments)
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mother and daughter realty team: Got 5 on it? Do you feel lucky? Have Five of a Kind?? (5 - YES).... Hey you may be eligible to apply for a Home Affordable Modification! - 07/02/09 09:03 PM
ALL you need is 5!
~ take the quiz, and then give your servicer/bank/lender a call to see if you qualify!!
GET MOVING ON THIS!
There are still so many questions about how all these programs work. The Home Affordable Modification program introduced by Obama is available … (1 comments)
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mother and daughter realty team: Foreclosure Alternatives Program - to avoid foreclosure! - 06/21/09 11:16 AM
This new program Foreclosure Alternatives Program is an extension of the Making Homes Affordable. It is set up to help streamline the process in offering homeowners loan modification and if they cannot qualify for a loan modification, the lender/servicer will offer the homeowner the option of doing a short sale (3-12 … (4 comments)
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mother and daughter realty team: Between now and then... Look out for your Loan Modification letter - it is time sensitive --- if you do not get one CALL YOUR LENDER! Do not miss this opportunity to AVOID FORECLOSURE! - 06/19/09 06:25 PM
Are you upside down in your mortgage loan on your home? Several financial institutions are starting to send these letters out - starting around the end of June. This letter will offer you to participate in the Home Affordable Modification Plan (HAMP). This is all a part of the Foreclosure Alternatives … (1 comments)
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mother and daughter realty team: Got GMAC? You may qualify for a loan modification if.... - 05/11/09 10:52 AM
Thanks to the President's making homes affordable plan - helping homeowners is a Top priority to the proposed changes. GMAC has announced that they are cooperating with this plan is trying to offer plans that will help homeowners stay in their homes. You can get more information by visiting the website: www.financialstability.gov
Here are … (0 comments)
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mother and daughter realty team: Will short sales lead to "multiple offers" as in REOs? - 03/03/09 05:42 AM
I believe as this foreclosure war continues to evolve, we are going to see more and more offers coming in on Short Sales. It will be more like the (Bank Owned) REO world of multiple offers, counter offers and then finally an acceptance. As an agent, I believe it is wise to … (1 comments)
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mother and daughter realty team: Why is that agent outside taking pictures? - 12/29/08 05:20 AM
After a property is foreclosured upon, this is the beginning of the bank taking over possession of the property. It is the beginning of the numerous reports on the property that an agent will have to do. Most than not, the property is still occupied. I am sure some homeowners wonder what … (0 comments)
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mother and daughter realty team: It takes 30-60 days or more ...... does it affect the market? - 05/10/08 10:40 AM
It appears that the lenders are taking their sweet time in deciding to either approve or deny a Short Sale request. So the question here is: Does this affect the market comps in some way?
Example: You write an offer for say 450,000 on a property (market value at time of … (13 comments)
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mother and daughter realty team: 12131 Kadota Avenue, Waterford, CA 95386 - 05/06/08 09:12 PM
This is a deal you don't want to miss! Need a Short Sale Specialist? CLICKWant to purchase a REO property? Want to know what properties I have to sell? CLICKNeed information on the foreclosure process? Ask me for a FREE Pre-Foreclosure Guide CLICK For a FREE MARKET EVALUATION of your home CLICKCheck out: Real … (3 comments)
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mother and daughter realty team: Ooh wee! I remember the First Time........ - 12/29/07 02:11 AM
Keep it clean... This is about the The first time homebuyer!
Can you remember back to when and what things you did that will always be great memories to you because they were .....the FIRST TIMER? The same excitement can be found with being the First Time Home Buyer ... (well... almost … (8 comments)
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mother and daughter realty team: Go above and beyond...... it might pay off! - 12/03/07 12:50 PM
Things to keep in Mind about Short Sale negotiation requirements:
The real estate commission will usually not exceed five percent (5%) in a two (2) broker situation.
THIS IS WORTH NOTICE: In some cases the real estate commission will not exceed three percent (3%) in a one (1) broker situation.
NOTE:** Real estate commission MAY, in … (3 comments)
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mother and daughter realty team: 1809 Verano Street - Sacramento, CA 95838 - 12/01/07 08:53 AM
This charming updated 3/1 (Built: 1941; 728 Sq ft; Lot: 6098 sq ft)home is a great buy. Updates include: wood and tile floors, custom trim, crown moldings in kitchen and bathrooms. The yard is gated, has a nice tree house in the front yard, has spa and wet bar in backyard. … (5 comments)
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mother and daughter realty team: 369 Gamay Ct, Manteca, CA 95336 - 11/29/07 09:03 PM
Great starter or investment property. This charming 3bed/2bath is 1362 sq ft with lot size 4356 sq ft. located in Cul-de-sac. Bedrooms are upstairs, with walk-in closet in master. Kitchen and breakfast nook is combo with opening to living room. Close to park, shopping, transportation, and quick access to HWY 120.
Short … (5 comments)
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mother and daughter realty team: How will you promote your business? - 10/28/07 08:34 PM
It is almost Halloween and I find myself asking that question again.... what will I do this Halloween to promote my business?
I am thinking of doing a flyer - rolling it up and putting it in a little plastic halloween bag with a business card and of course some candy or treats … (6 comments)
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mother and daughter realty team: "I Love My Profession Because..." In a word... Fulfilment! - 10/28/07 07:17 PM
I am writing this because it comes with no strings, and it was a request of a great blogger friend of mine Mike Mueller.... I love that he asked me to write and just don't even think about it, just write and write about the good things because the bad ones … (4 comments)
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mother and daughter realty team: Hints for Home Buyers! - 10/12/07 02:52 PM
Homebuyers buy a "house" and immediately want to make it "their home". Here's a couple of tips to help in that process.
1. Make a list of EVERYTHING you would like to change about the house to make it more appealing to the buyers.
2. Prioritize all of the items. Most important … (8 comments)
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