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bank: We avoided a deficiency judgement.... - 02/09/12 01:34 PM
The last story for my state representative This one happened in 2011....
Judith and Sam,
Judith and Sam are friends of mine. I was at their wedding. Their story is a little different They only had one mortgage and it was for a mobile home on a rented lot. They bought their home right after the marriage for $59 K… Things were going OK even thought they were paying over $900/ month for their mortgage (payment) and lot rental…Then Sam lost his job. He was unemployed for over a year. They did some things to try to keep body and … (4 comments)
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bank: Will she geta deficency judgement - 02/08/12 10:42 PM
Deficency judgement continued....
Aisha
In October of 2011 I showed a house for a buyer. The owner was home. She is a lovely lady who developed breast cancer. She was paying her mortgage until she couldn’t work because of the cancer. Aisha is a single mother who now has a reasonable job. She tried to get a loan modification but her bank wouldn’t talk to her. They tried to tack on all sorts of fees and call it a loan modification. Aisha has two mortgages.
When her home either short sales or is foreclosed on … (6 comments)
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bank: Contingent short sale? What is it? - 01/08/12 10:31 PM
So we know a short sale is when the seller owes more then the house is worth..... So the third party the lender needs to approve or even renegotiate the deal..... We have all seen this.....
So the short sale listing gets an offer the buyers and the sellers come to terms..... Now the package is sent to the bank... If the buyer and seller are lucky the bank has given the listing agent an idea where the house should be listed.... More likely they told the agent they wouldn't talk until the agent had an offer....
At this stage … (4 comments)
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bank: The clients fell in love with a contigent short sale..... - 01/08/12 05:23 PM
OK .... I get the call to check out a property they found on Zillow.... I happily open up the multiple listing service and sadly realize that it is a contingent short sale... Now this is a couple living in a hotel with 2 kids and a dog.... This is not for them.. They beg me to call the listing agent... I do and she welcomes a backup offer because the other offer is low... I pull up other listing and she sends me a few others.... I hope for the best... We meet at the contingent short sale... Personally I … (2 comments)
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bank: I have an offer on my Condo listing!!!! Need advice quick!!! - 03/29/08 09:14 AM
I have an offer on my Condo listing. It is 10K lower then asking price. It is a short sale. I am debating countering on price but I sort of think I want to let the bank do that. I have only had 4 or 5 showings in 2 months. I am countering on the offer to be subject to short sale with the bank, seller and buyer agreeing to the terms. I am worried because I don't know if the bank is giving a judgment or 1099 or something in between (that is part of my negotiation with the bank). … (8 comments)
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bank: Ever wonder what makes a good blog (or at least one that gets responses)? - 02/27/08 08:39 AM
Hi! Its the start of hopefully my lightest day of the week. I still have to get up my listing and set up a short sale negotiation with the bank. I have written many blogs. Some get responses, while others get ignored. It wouldn't bother me if people ignored my less interesting topics. I have written a great informative bang up article on short sales yesterday (to help me organize my thoughts). I thought it was one of my best, but alas no one responded...... So my question to everybody is, What makes a good blog that gets responses?
… (4 comments)
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bank: Today was supposed to be easy LOL - 02/07/08 09:22 PM
Well when I woke up today I had no children to take to school, 1 hour worth of paperwork and one meeting with a client. Sounded easy, I didn't have to drive to Caldwell. I started my paper work and had it done in 1/2 hour (YEAH DEBBIE!!!!). The paperwork was working with a short sale and negotiating a loan with a bank for a client. This client has a $2K prepayment penalty and she would like to sell or rent her home and move into something larger. She is at a high interest rate and was considering refinancing. I … (4 comments)
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Debbie Holmes
Boise,
ID
More about me…
Gold Key Real Estate
Address: 915 N. Cole Rd., Boise, ID, 83704
Office Phone: (208) 376-9000
Cell Phone: (208) 761-2551
Email Me
This is a blog about all things real estate (and a few extras). I blog about my buyers, sellers, listings, short sales, the real estate market. I am internet savvy and am trying to learn more skills. I like blogging because I get to share information with other real estate professionals. I can find you a great home in the Treasure Valley. I was the Democratic Nominee for CD2, Idaho for the US Congress. I have two website: http://www.debbieholmes.net and http://www.greatboisehomes.
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