| |
short sale: Government to try it's hand in Property Management - 11/13/09 11:16 AM
The Government has tried it's hand in the mortgage industry, insurance business, the banking industry, and health care, but they are now branching out to include trying their hand as property managers as well via Fannie Mae.
Fannie Mae just announced last week that they will begin offering a brand new concept of a "Deed for Lease™" program. They have had deed in lieu of foreclosure or short sale, but the new program is different. It allows the borrowers to voluntarily transfer their property back to the lender and then lease the property back from them at the current market rate. … (3 comments)
|
short sale: Recourse vs Non-Recourse Loans in California - 07/31/08 05:55 PM
Recourse vs. Non-Recourse Loans in California
An important subject in the short sale real estate industry is the difference between recourse and non-recourse loans; which is a completely different issue than tax liability… Below is a very brief breakdown of the qualifications and repercussions of both types of loans.
Non-Recourse Loans Definition : the borrower is not personally liable for the loan. The lender’s only security is the property itself, not the borrower’s personal assets.
Loans secured by and used to purchase an owner-occupied, 1-4 unit residential property. Primary residence Original purchase loan Any Seller carry back real estate loan … (4 comments)
|
short sale: Listing: 14366 Caryn Circle, Fontana, CA 92336: Pre-Approved Short Sale! - 07/31/08 01:43 PM
Pre-approved short sale in Fontana. Lowest price and best condition in the neighborhood.
Seth Miller | West Covina Real Estate Consultant
Associate Brokers Keller Williams West Covina
info@teamchacon.com
www.TeamChacon.com
Contact Team Chacon of Keller Williams Realty. Licensed REALTORs® in California to list your property for sale or to purchase a property in Alhambra, Anaheim, Arcadia, Azusa, Baldwin Park, Brea, Chino, Chino Hills, Claremont, Covina, Diamond Bar, Duarte, El Monte, Fullerton, Glendora, Hacienda Heights, La Habra, La Puente, La Verne, Monrovia, Montclair, Monterey Park, Ontario, Pasadena, Placentia, Pomona, Rosemead, Rowland Heights, San Dimas, San Gabriel, San … (0 comments)
|
short sale: 7 things that can make a short sale highly unlikely - 07/30/08 11:17 AM
Short sales require patience, dedication, tenacity, some skill, and some luck to successfully complete. All these factors add up to partially explain that, according to National Association of Realtors (NAR), only 1 out of every 10 short sale listings successfully close. Another main reason, that I believe short sales have become a dirty word, is that inexperienced agents are taking short sale listings that do not have a high probability of closing, and then treat it like a traditional listing.
There are some things that will make a successful short sale highly unlikely, and darn near impossible to successfully complete. Unless … (2 comments)
|
|
|
|
|
|
Carolina Ruiz
West Covina,
CA
More about me…
My Real Estate Pro
Address: 216 S Citrus Street #216, West Covina, CA, 91791
Office Phone: (626) 967-8686
Cell Phone: (626) 862-5654
Email Me
 Links
Archives
|
;)
;)
