rosemary brooks: Not enough equity to sell your property.... and cover the closing costs! Ask for a Short Sale! - 11/23/09 08:22 PM
If you are wondering if you can ask for a short sale from your lender if you are not really under water, but want to sell your property to get out from under the mortgage, you would not be able to get enough out of the sale to cover the closing costs. … (1 comments)
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rosemary brooks: How healthy is your drywall? - 11/22/09 03:37 PM
CHINESE/DEFECTIVE DRYWALL
During the time much of the United States was experiencing building material shortages, some homes were built or renovated using defective drywall imported from or manufactured in China. Defective drywall reportedly emits levels of sulfur, methane and/or other volatile organic compounds that cause corrosion of air conditioner and refrigerator … (2 comments)
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rosemary brooks: Smooth Sunday - just days before Thanksgiving! - 11/22/09 02:14 PM
This Sunday is my Smooth Sunday. This is the beginning of a good week and a time set aside for giving thanks for life. For some reason I am really feeling it this year.... smooth and its Sunday (makes smooth Sunday). Kids are out of school next week, Turkey is waiting … (7 comments)
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rosemary brooks: Buyers are asking ... should I pay more than the appraised value? and will appraisals be eliminated all together? - 11/21/09 09:50 PM
Is your buyer willing to pay the difference between the appraised value and what their offer is for?When it comes to cash and conventional financing, the sellers are finding another loop hole.
>>forcing higher bids, countering the appraisal contingency out, THUS: no price reduction = Banks gets more for the property, … (2 comments)
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rosemary brooks: Well, I will just be....... Dog-Gone! - 11/21/09 02:59 PM
Well I’ll just be Dog – gone!
Agents what do you do if one of your new assignments is a property that is of lesser value than the time you have to put into it, it is
occupied by “un-friendly” tenants,
the front yard is not a welcoming site with
2 … (0 comments)
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rosemary brooks: A seperation?....... is the marriage is over! - 11/20/09 12:22 PM
November 6, 2009 – AOL announced today it has completed its financial leadership team as it prepares to separate from Time Warner Inc. and become a publicly traded company. AOL operates one of the largest Internet subscription access services in the United States, which serves as a valuable distribution channel for … (0 comments)
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rosemary brooks: 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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rosemary brooks: Buyers: At some point, you should be ready to accept an offer --right?! - 11/19/09 09:11 PM
Now that I am focusing on buyers more, I am finding out some interesting and yet confusing stuff about buyers out there.
When you first meet the buyer they tell you what they are looking for and they sound and seem to have a good idea and have it all listed … (4 comments)
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rosemary brooks: What is a Short Sale? - FAQ's - 11/18/09 08:37 PM
Here are some good questions and answers about Short Sale and the process. All homeowners should read this.
Rosemary Brooks
Patrick Williams & Associates
Via Kenny Wagner (The Foreclosure Mitigation Company):
**This is part of a short sale packet that was given to me by my short sale trainers … (0 comments)
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rosemary brooks: Homeowners: BEWARE! ...The bank wants to know what's in your wallet - and how they can get it from you!... be careful about signing deficiency notes! - 11/18/09 01:18 PM
Homeowners do you really want your bank account(s) frozen? Do you need another hardship after short sale? Or will you have to hide your money under your mattress to keep it warm?
This is what can happen after the short sale and after you have signed a deficiency note that the … (4 comments)
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rosemary brooks: REO Trans for Short Sales? - 11/17/09 11:26 PM
I am re-posting this because it is the up and coming new process. In order for the word to get out, the process, the rules and guidelines -- we must inform other agents, homeowners and buyers.
Well worth re-blog.
Need a short sale agent in the Central Valley: San Joaquin/Sacramento/Stanislaus/Merced/Alameda/Contra … (5 comments)
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rosemary brooks: 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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rosemary brooks: The trials of a short sale! - 11/17/09 10:52 PM
The woes of short sales... continues.
Via Joni McClintock, CRS (Sundance Realty):
I have recently been working with a client in a short sale for her home. She has not been behind in payments up to this point, but she has not been able to get any offers on her … (0 comments)
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rosemary brooks: Change is good! - 11/17/09 10:46 PM
Announcing a change... Change is good!
We are proud to announce that The Mother and Daughter Realty Team is now working under a new broker: Patrick Williams & Associates. Our service will continue and improve with our new move.
Patrick Williams & Associates is proud to announce its association with Rosemary Brooks … (2 comments)
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rosemary brooks: Buyers: Wondering just how many pre-approvals you will need before getting an offer accepted? - 11/17/09 09:19 PM
So how many pre-approvals does one buyer really need?
One of the frustrations that agents and buyers experience is that while searching listings, you run into properties that require that the buyer get an additional pre-approval from that seller's preferred lender.
Now this does not sound like a big deal if … (2 comments)
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rosemary brooks: 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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rosemary brooks: Buyers: FHA Appraisal and Home Inspection - why do I need both??? - 11/14/09 03:08 PM
Every agent that represents a buyer should be able to explain to their buyer why they need a home inspection and that FHA appraisals are not a substitute for a home inspection.
While home inspections are for the buyers information and not of much interest to a seller... they should never … (2 comments)
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rosemary brooks: Are you under water? Check out Fannie Mae's new Deed for Lease program - 11/14/09 02:18 PM
I am re-blogging this one, good information for homeowners that are not ready to just up and move out and don't mind renting from their own property ----> well, it won't be their property anymore once they sign over their deed! But you will have roof over your head that … (2 comments)
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rosemary brooks: Buyers: CALHFA -- is it a good match for you? - 11/14/09 12:49 PM
Buyers, I know it is pretty confusing right now as to what programs, credits and assistance is available to you to help with your First TIme Home Purchase. One day you hear all down payment assistance is dead in the water, next you hear some are coming back ---> it is … (2 comments)
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rosemary brooks: BUYER: Settlement Procedures Act & AB 957 - Buyer's Choice Act - 11/14/09 12:05 PM
As I posted previously.... Buyer's now get a choice, thanks to Real Estate Settlement Procedures Act and AB 957 Buyer's Choice Act.
When you are purchasing foreclosed properties, you should be getting a form with the wording listed below or something similar. This should be signed along with the offer and … (6 comments)
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