short sale: Short Sale Listings Are NOT for Everyone!
- 10/24/17 09:36 AM
Short Sale Listings Are NOT for Everyone!This includes listing agents, buyer’s agents, as well as buyers. Short Sales are not like any other listing, they require patience, knowledge and good attitude from beginning to end.If one party drops the ball, transaction will go down the drain.I have been doing Short Sales since 2005 and truly enjoy them. I know..I know...I’m not your typical agent. As a child, I always enjoyed challenging puzzles, still do. For me, short sales are similar but on a larger scale that involves people. I am proud to say, since 2005, every short sale listing I took … (27 comments)
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short sale: Underwater on Your USDA Home Loan? Short Sale May Not Be as Easy as You Might Think!
- 12/23/16 09:28 AM
Underwater on Your USDA Home Loan? Short Sale May Not Be as Easy as You Might Think!I’ve been doing short sales since 2005, the past eleven years, I’ve learned a great deal about the investors, servicers, how to escalate files, the approval process....Though I’ve helped many homeowners who were underwater on their home loans by listing their homes as a short sale, each file, each investor, and each servicer has different guidelines and I learn something new with each short sale listing. Short Sale on a USDA loan may not be as easy as you might think, however, it is a … (13 comments)
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short sale: Will Bank of America Ever Get It? Another Short Sale Nightmare!
- 11/23/16 06:58 AM
Will Bank of America Ever Get It? Another Short Sale Nightmare!Each time I take a Short Sale listing where Bank Of America is the lender, I cringe..it’s for a good reason. I’ve yet to complete just one short sale with Bank of America without any challenges. Most of the challenges are truly associated with Bank of America.Some may argue and say we can’t put the blame on the bank, it’s the negotiator that we work with. All of my fingers are pointing at Bank of America!Here’s the story on 447 Hammerstone Ave Haines City FL;-Received and accepted a Cash offer with … (17 comments)
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short sale: Clermont FL Short Sale Market Update October 2013
- 10/09/13 12:40 PM
Clermont FL Short Sale Market Update October 2013
As 2013 draws near, Clermont FL Short Sale listings continue to decline leaving a larger room for Standard/Equity Sales. We're not out of the woods yet as if you were to check Lake County Clerk of Courts or better yet just drive around different subdivisions in Clermont FL, there are plenty of homes that have been abondoned with "Vacancy" notices plastered on the front windows of these homes. If owners could just investigate a bit further, they will quickly find out Short Sale certainly works to their advantage than foreclosure.
Let's take a look … (9 comments)
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short sale: Short Sale Approval After Two Years
- 08/13/13 12:52 PM
Short Sale Approval After Two YearsTitle of this blog post is not a typo! Although the short sale process in general has improved a great deal, it doesn’t apply to all short sale transactions. I finally received an approval on a short sale after two years. This short sale approval did come after two years at a much higher price than original offer price.Short Sale List Price- As far as list price, short sale list prices in Clermont FL have a wide range which does make it difficult for an appraiser to use such Active comps on their appraiser report as … (17 comments)
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short sale: Use Short Sale Waiting Period Wisely
- 05/21/13 01:20 AM
Use Short Sale Waiting Period Wisely Some stay as far away from Short Sales as they can, some go after them. If you are a Buyer who has put an offer on a Short Sale listing and waiting for the Short Sale lender’s approval, you must use this time wisely.-Short Sale Lender may not approve the sale price- Although the short sale process has improved over the past couple of years, waiting period continues to be long(typically 3-4 months). If home prices increase between the time the offer is made and the time short sale lender orders a BPO(Broker Price Opinion) … (7 comments)
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short sale: Contacting The Right Realtor Might Save Your House From Foreclosure
- 05/07/13 01:28 PM
Contacting The Right Realtor Might Save Your House From ForeclosureAs a Realtor, I am in the business to sell homes. My main objective to get listings as they breed more listings as well as potential buyers. I have been fortunate enough to balance Short Sale listings and Standard/Equity Sales in my inventory.In result of one of the postcard mail outs, I was contacted by a homeowner to list his house as a Short Sale. I was advised by the homeowner that he was meeting with one other Realtor. We met the beginning of March, after some chatter, I started asking some … (28 comments)
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short sale: Do Short Sale Lenders Really Care..Doesn’t Seem So
- 05/01/13 07:46 AM
Do Short Sale Lenders Really Care..Doesn’t Seem So
Whether you are a homeowner who has or is going through the process of Short Sale, buyer who is or has purchased a home which was a Short Sale or a Realtor involved in a Short Sale transaction, lengthy waiting period is no mystery! All through transaction, involved parties often ask “Do Short Sale Lenders Really Care?” Doesn’t seem so, does it?
After waiting three, four or eight months for a Short Sale approval, one finally arrives allowing buyers to close within thirty to forty five days for financing. If an extension to closing is … (16 comments)
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short sale: Stop Asking For A Loan Modification And Move On
- 04/27/13 12:53 PM
Stop Asking For A Loan Modification And Move On
Although Real Estate market is showing signs of improvement in Central Florida area, there are still many homeowners who are facing foreclosure.
I’ve listed my first Short Sale listing in 2005 when it wasn’t really that common. Looking back now, I could certainly see a great improvement in the process, many changes that came from Lenders, different programs being offered to homeowners who are having to short sale their homes but one thing that did remain constant is the way homeowners feel about short sales. There are many reasons why homeowners fall behind on … (11 comments)
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short sale: Why Would a Realtor Suggest a Lower Market Value on My House
- 04/12/13 06:07 AM
Why Would a Realtor Suggest a Lower Market Value on My HouseI received a text message this morning that read “123 Main St is my address would you mind finding out what the true value of my house is”. I didn’t recognize the phone number, checked the address and I did not know the homeowner, so I called the phone number.It was a homeowner on the East side of Orlando, area that I don’t normally work in. He found me “online” so gave me a call. He purchased his home in 2008 for $279,000 as an REO, due to job transfer, … (22 comments)
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short sale: Should You Pay Your HOA Fees If You Are Selling Your Clermont House
- 03/12/13 01:33 AM
Should You Pay Your HOA Fees If You Are Selling Your Clermont HouseIf you’ve made the decision to sell your house either as Standard or as a Short Sale, it remains your responsibility to pay homeowners association fees until the house is no longer yours. This holds true even if you are no longer living in the house. Delinquent homeowner association fees not only stop the sale of the house but will have a negative impact on your credit. You should absolutely pay your HOA Fees if you are selling your Clermont house to avoid additional fees and judgements against you … (18 comments)
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short sale: DENYING ACCESS TO BPO AGENTS WILL GET YOU MORE TIME IN YOUR HOUSE
- 01/23/13 02:20 AM
DENYING ACCESS TO BPO AGENTS WILL GET YOU MORE TIME IN YOUR HOUSEIf your house is on the market as a Short Sale, you have been most likely been advised by your Realtor or your Lender that someone will come by to take interior pictures of your house to use on their Broker Price Opinion Report to determine the value of your house. Some Lenders order Appraisals and BPO Reports, some order multiple BPO orders, some may order just one Appraisal, each lender works different. Whether an Appraiser is doing an appraisal or a Broker is doing a BPO, they will … (12 comments)
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short sale: DISTRESSED HOMEOWNERS TIRED OF DEALING WITH BANKS AND GIVE IN TO FORECLOSURE INSTEAD
- 01/02/13 03:17 AM
DISTRESSED HOMEOWNERS TIRED OF DEALING WITH BANKS AND GIVE IN TO FORECLOSURE INSTEADOne of the Challenges Distressed Homeowners face is the fact that they have tried to work with their lender and provided them with every piece of document requested for a loan modification to fnd out they were "Denied" for a loan modification. Many give up trying and do nothing which results in Foreclosure.To qualify for a "Loan Modification" distressed homeowners must meet a certain criteria that are set forth by the investors. Whether be a loss of income, job transfer, divorce, healthcare expenses can take a toll on anyone. … (8 comments)
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short sale: FACING FORECLOSURE IS NOT THE BIGGEST PROBLEM IN CLERMONT FL
- 12/29/12 02:48 AM
FACING FORECLOSURE IS NOT THE BIGGEST PROBLEM IN CLERMONT FLAs a matter of fact, Foreclosure is not the biggest problem anywhere. Being a hurricane victim, losing a loved one whether to death or divorce, losing a job are far more serious and unsettling than facing a foreclosure.Many families despite of what we hear on the media are facing Foreclosure in Clermont FL area. Florida was amongst the list of hardest hit states with foreclosures. Good news is, whatever has caused homeowners to be in the financial distress they are in today will not last forever. If you owe more than your … (5 comments)
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short sale: HAFA POLICY UPDATES EFFECTIVE FEBRUARY 2013
- 12/19/12 04:22 AM
HAFA POLICY UPDATES EFFECTIVE FEBRUARY 2013HAFA(Home Affordable Foreclosure Alternatives) is a government-sponsored initiative overseen by the U.S. Treasury Department and administered by Fannie Mae assisting all Home Affordable Modification Program(HAMP)- eligible homeowners in avoiding foreclosure, specifically through Short Sales or deed-in-lieu of foreclosure.
Since HAFA program began, it has certainly helped many homeowners who had to sell their homes as Short Sales. One of the biggest help to homeowners is the $3000.00 relocation assistance which is paid at the time of closing.Just as any other initiative, HAFA program is not perfect but it has improved a great deal since it was … (7 comments)
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short sale: CAN YOU ENJOY THE HOLIDAYS IN THE MIDST OF FORECLOSURE AND SHORT SALE?
- 11/13/12 04:23 AM
CAN YOU ENJOY THE HOLIDAYS IN THE MIDST OF FORECLOSURE AND SHORT SALE?In the recent years, due to downturn of the housing market combined with loss of jobs, many families are facing foreclosure or having to sell their home as short sale.These are stressful events at any given time, somehow being around family and friends around the holidays and thinking about all the expectations can wear a person down.I’m not a therapist but went through loss and had to face milestone events and holidays despite of my situation as I was still trying to process them. I’ve also talked to many … (7 comments)
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Short Sale Listings Are NOT for Everyone!This includes listing agents, buyer’s agents, as well as buyers. Short Sales are not like any other listing, they require patience, knowledge and good attitude from beginning to end.If one party drops the ball, transaction will go down the drain.I have been doing Short Sales since 2005 and truly enjoy them. I know..I know...I’m not your typical agent. As a child, I always enjoyed challenging puzzles, still do. For me, short sales are similar but on a larger scale that involves people. I am proud to say, since 2005, every short sale listing I took … (27 comments)
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