rosemary brooks: Entitled to compensation for your foreclosure? Deadline: 7/31/12 - 05/28/12 08:41 PM
Were you involved in a foreclosure during 2009 and 2010? There may be an opportunity for you. If the review board find errors in your foreclosure you may be eligible for compensation. You do not have to be living in the home to be eligible for this review. Its a good opportunity to see if your rights were violated. The www.independentforeclosurereview.com website is the only website that you can go on and get legit information on how the foreclosure review process works. The opportunity expires on July 31, 2012.
Take a listen
Eligibility:
1. You made payments to any one of … (0 comments)
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rosemary brooks: The keys to a successful transaction... can get the buyers the keys! - 05/28/12 02:01 PM
Is it really that simple?
The key to a successful transaction... can get the buyers the keys! 1. Seller lists property at or near market value in a declining market.
2. Buyer comes to the table prepared with a current pre-approved letter, proof of funds and the will of patience. Don't foreget giving the lender the true information and making their job easier and moving forward.
3. Both Buying and Selling agents swiftly address concerns in the negotiation stage.
4. The lender is expedient and professional. And know what they are doing.
5. When eveyone works together: The Agent, lender, and title … (0 comments)
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rosemary brooks: Got a hardship and can't loan mod or keep your home - short sale it! - 05/27/12 10:40 PM
Got a hardship and can't loan mod or keep your home - short sale it! The question of how does a short sale affect your credit is clearly an excellent question to ask. The credit reporting is not the easiest system to figure out – so I won’t pretend to know or tell you I understand it. All I can do is tell you what I have read and heard on the subject.
Basically:
It can show up on your credit in various ways depending on your lender and circumstances Most of the time… a short sale will … (0 comments)
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rosemary brooks: FYI sometimes turn into necessary compromise - to keep the deal alive! - 05/26/12 09:33 PM
OK so everything was going along smoothly UNTIL the home inspection! Of course the buyer cling to every word of the inspection and forgot about the part that the inspection was a FYI (for your informational purposes) because this is a short sale and they are sold as is. That whole statement went out the door! If the home inspection reveals significant issues or defects that were not previously disclosed to you, this can be a deal killer.
So now the buyer is looking at the list and saying out loud “I am going to ask the seller to … (2 comments)
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rosemary brooks: INCENTIVES that cost money...are known hurdles in a short sale-Beware! - 05/26/12 06:40 PM
Major hurdles in a short sale transaction – INCENTIVES that cost $$!
A short sale or short payoff occurs when a lender agrees to accept less than the outstanding loan amount to satisfy the seller’s loan. A short sale allows both the lender and the property owner to avoid foreclosure by selling the property at a loss.
Keep in mind that the seller (the bank) when it comes down to the net profit – is always looking at the net profit to them! They have no intentions of satisfying the buyer!!! Let me repeat that… they are not … (1 comments)
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rosemary brooks: How's the new BoA Short Sale process changes working for you? - 05/26/12 05:45 PM
Short Sale process changes from Bank of America.... how's it working for you? Or do you know about the changes?
All serious short sale agents should keep up with the latest changes being made by the banks so that they can better inform their clients as to how this will affect their listings. The shorting of the time frame for closings will greatly increase the number of closings.
Bank of America announced in April that they have been busy working on changes to their Short Sale process.
Great changes include:
Only 5 days to submit a back-up offer - if … (0 comments)
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rosemary brooks: Market change - Equals problems for buyers..they may need more money! - 05/26/12 10:47 AM
Almost everyday I am hearing that the market is getting better! A change is in the air!!! Of course this is good news and yes, I can see that the market is changing. The inventory is low and that is or could be a sign that buyers are buying up all the inventory and therefore things are better for the economy and of course for those interested in buying it is a sweet and sour tone.
But isn't that the way it always is? When we were trying to encourage the buyers to get off the fence and purchase while the … (0 comments)
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rosemary brooks: Short Sale "Pilot program" vs the rest of us ... who wins? - 05/24/12 07:06 AM
As we know short sales have been around for a while now. This is not to say that everyone knows how to do a short sale and it certainly does not mean that all homeowners know how short sales work.
In other words, there is still point of order as to how a short sale really works and what are the clear facts about a short sale. So here are some of the points that I want to make about where the short sale market is now - just for clarity
SHORT SALE CLARIFICATIONS - a still not so clear cut!
Underwater: … (0 comments)
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rosemary brooks: BoA Underwater Homeowners: Good news for 200,000 - will you be 1 ? - 05/23/12 12:20 PM
As if the Bank of America relocation incentive is not enough.... Look what else Bank of America is doing.
This is something great and all homeowners should know about it (although at this point only 200,000 will be chosen). Meantime all BoA underwater homeowners should be on the alert and check their mail and home delivery of a deliveredpackage. What this really means is that homeowners are going to have to stop ignoring the mail from their bank/servicer and in this case especially from Bank of America! Although this offer is not for every single Bank of America homeowner that is … (0 comments)
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rosemary brooks: CONSUMER ALERT! News for BoA Homeowners-UNDERWATER & Short Sale Bound! - 05/21/12 09:57 AM
Of the major banks - Bank of America is standing out for the big news of how they are reaching out to help homeowners. Now is the time to help get the word out before the funds are gone and the offers/opportunities are deceased.
Bank of America News - ALERT YOUR HOMEOWNERS
Scenerio: Your client wants to do a short sale, but you do not have the offer yetA:) Bank of America is offering relocation incentive (enhanced relocation assistance payments) to homeowners that are underwater: The amount is from $2,500 to up to $30,000. Qualified homeowners can receive this relocation … (2 comments)
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rosemary brooks: Mortgage Debt Relief Act expiration clock is ticking.. - 05/21/12 07:47 AM
If deadlines mean anything to you and you are underwater and have a hardship - take heed!
The Mortgage Debt Forgiveness Act is approaching expiration. Yes that's right it was only a temporary Act. It expires December 31, 2012 - unless it is extended and you cannot count on that - until it happens (if it does). There is a tax law that expires at the end of this year that allows most owners to not pay any taxes on the forgiven debt. Prior to this temporary tax law change the forgiven debt was treated as regular income! This tax law … (2 comments)
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rosemary brooks: Hud home for sale ($ ) 1200 Rockhurst Lane, Turlock 95382 - 05/20/12 09:21 PM
This is a HUD home! Excellent opportunity is this three bedroom two full bathroom home. Nice size corner lot with RV/boat access and nice size shed in the backyard as well. Dual pane windows throughout the home. Laminate flooring in living room with a nice brick fireplace. Home is also located close to CSUS. Kitchen and bathrooms are in original condition and definitely usable. Make this one a must see to appreciate. You can own this home with 3.5% down and up to 3% closing costs paid. Contact us for additional information on how to purchase this HUD home.
1200 Rockhurst … (1 comments)
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rosemary brooks: This is a HUD Home! ($147,000) 2012 Winter Haven Dr. Turlock, CA 95382 - 05/20/12 09:16 PM
This is a Hud Home! Do you want a great HUD home in a fantastic neighborhood, then look no further as this one is it! Located right across from a beautiful park and school. Corner lot, 3 car garage & over 1400 SF. Great starter home with 3 bedrooms & 2 baths. Formal room, spacious family room, large kitchen w/oak cabinetry, island and tons of counter/cabinet space. Plenty of room for kids to play in the nice size backyard, have summer barbecues or even grow garden! You can even pick your flooring just ask me how. Own this home with 3.5% … (1 comments)
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rosemary brooks: HUD home for sale ($106,000) 919 Tivoli Dr., Newman, CA 95360 - 05/20/12 09:11 PM
This is a HUD home! You can own this home with 3.5% down and 3% towards closing costs. 5 bedrooms (County records show 5 bedrooms- 5th bdr is being used as a den) and 3.5 bathrooms. One bedroom with full bathroom downstairs. Large master suite. Open floor plan. Corner lot. Contact us for additional information on the process of purchasing a HUD Home! This HUD Home is a MUST See! … (0 comments)
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rosemary brooks: Congressional help on a "PROBLEM" Short Sale! - 05/19/12 09:51 PM
Using Congressional help on a "PROBLEM" Short Sale! It never hurts to try!
Using your Congressional influence to get a bank to listen to you and help your homeowner is not a bad idea. In fact, it is one of the best ones I've heard lately. Taking the Congressional Route can be a powerful tool although there is still no real guarantees - but it just never hurt to try!
Some banks do not want any type of attention brought to them and by having your local Congressional representative's office contact them and know what they are talking about from a … (2 comments)
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rosemary brooks: The disclosure rules never change... disclose, disclose, disclose! - 05/19/12 08:46 PM
The rules never change... disclose, disclose, disclose!
AB 1511 just goes to show that in real estate the rule is to DISCLOSE! This bill is regarding gas pipelines, however the disclosure rules cover all area -- Tight rules is: If you know it, disclose it.
I am addressing gas pipelines in this post, but all disclosures are important. As flammable as gas is... I don't have to tell you that knowing that a property is in the vicinity or sitting on a gas pipeline is a hot item to disclose (no punt intended)! Avoid the potential for lawsuit - disclose.
… (4 comments)
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rosemary brooks: Hopefully-Homeowner Bill of Rights will heat up before the hot summer! - 05/19/12 02:14 AM
The Homeowner's Bill of Rights - does it just make sense?
Is it true that criminals come out in the summer time? Well Summer is right around the corner! Hopefully, the Homeowner Bill of Rights will heat up before the summer. Why summer concern? The heat will make more people seek shelter in the vacant homes - especially the ones with running water - in the hotter spots of California.
Its something about that cooper wiring that turns a criminal on!!!!
Now, a new concern is on the rise with empty and abandoned foreclosed homes, which are being taken over … (2 comments)
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rosemary brooks: Short Sales + Relocation $. YEAH!..but is there enough $ to go around? - 05/19/12 01:23 AM
Bank of America - Short Sales + Relocation $. YEAH!..but is there enough $ to go around?
Before I say ....Bank of America is really trying! Let me say that having to short sale your home is nothing to be taken lightly. I'd rather see all homeowners that are having problems be able to get a workout plan (no matter what the name of the plan is). I'd rather see existing homeowners stay in their home and the real estate market be so great that we have so many first time home buyers that we don't know what to do with.... … (0 comments)
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rosemary brooks: HUD Home for Sale! ($143,000) 3753 Hepburn Cir, Stockton, CA 95209 - 05/13/12 09:20 PM
This is a HUD Home. 3bed/2.5bath; Built in 1998 with 1306 sq feet living space. Repair escrow fees allowed $880.00; HOA fees $97 monthly. Need more information on how to purchase a HUD Home - give the Mother and Daughter Realty Team a call at 209-910-3706 and go to our website: www.motheranddaughterrealtyteam.net.Do not miss out on this deal.
HUD Home ($143,000) 3753 Hepburn Cir, Stockton, CA 95209 … (6 comments)
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rosemary brooks: By most standards.... its all good! - 05/13/12 09:16 PM
And so as this day comes to a close, I sure hope that everyone had an awesome day and that you feel and know that God is good and that he has our back. Being a mother is a joy that is unexplainable and it is something that is the one constant in my life. It made me do things that I probably would never have done and I truly believe it is the reason that I am so into my work and being independent.
Sure it was a struggle at times but always and I do mean always, I was … (0 comments)
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