loan modifications: some short lenders ARE getting it! - 11/03/09 06:30 PM
Okay can you believe it? Some lenders are FINALLY getting it! It is so muc more cost effective and such a better business decision to allow people to short sale (if its legit of course) versus going all the way through the foreclosure process! I had a lender tell my homeowner … (4 comments)
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loan modifications: 2010 What What?????? - 10/05/09 09:25 PM
2010 is going to be interesting. There are plenty of properties already foreclosed upon not coming to the market for various reasons, but they have to come. There are plenty of people attempting Loan modifications that should be able to get it done, but are not, and some that really never … (3 comments)
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loan modifications: $8,000 tax credit coming to an end! December 1st 2009 - 09/07/09 01:57 AM
The First Time tax credit ends December 1st 2009! That means your escrow needs to CLOSE on or before that day! Yes there is talk of extending it but currently that is not the case. The tax credit is for $8,000. Lets take a look at what that really means. You … (0 comments)
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loan modifications: My loan mod was approved.....WHY IS MY PAYMENT HIGHER? - 09/07/09 01:08 AM
There are some clients crying the blues and are in astonishment. They have waited 3, 4 ,5 , 6 months or more, they just got great news they loan modificaiton is now approved, but their monthly payment has just risen! What kind of crap is the bank trying to pull? Well … (1 comments)
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loan modifications: Loan modification, short sales, and REO's - 08/04/09 02:55 PM
Okay let's have some straight talk. Our administration is trying to set a standard of home preservation versus foreclosure. The biggest "carrot" being dangled is the TARP money. Bottom line lenders need to show they are ATTEMPTING to keep people in their homes with loan modifications first, and if that is … (2 comments)
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loan modifications: Pre-Foreclosure Certification and ??????? - 07/28/09 11:47 PM
Okay with home retention being at the top the administration list and wanting more foreclosures at the bottom. Our industry is vastly and quickly changing. To keep people in their homes we all know about the loan modifications, the myth's, the truth's, the bad and the ugly. That doesn't work and … (0 comments)
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loan modifications: New Short pay process coming! What if you could close them 30-45 days? - 07/10/09 11:23 AM
Shortly we will introduce a brand new short sale process which will be streamlined FROM THE BANK to selected agents with PRE-APPROVEDprices that will closed within 30-45 DAYS! Can you imagine? The Obama administration is requiring banks to do more with home preservation and/or liquidating WITHOUT going through the whole foreclosure … (0 comments)
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loan modifications: Reo are coming! Short pays too! - 06/01/09 11:37 PM
Right now the hold on REO's has been lifted. My friends that are REO agents just jumped into hustle mode. In certain areas we have noticed property come to the market the last few days we had not seen for awhile. Buyers you are going to have a window of opportunity … (0 comments)
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loan modifications: Now the moratorium is lifted what happens? - 05/30/09 12:25 AM
We do have some very unprecented things happening currently. It is difficult to figure out what happens next. Do we have floods of foreclosures come to the markeplace? Are lenders (as most of us have heard) are more friendly with doing short pay? Will nothing happen?
I can tell you what … (1 comments)
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loan modifications: Shift Shift Shift! - 05/21/09 10:56 AM
Business as usual? What does that mean? Back to the basics? What does that mean? You hear all and have all these "sayings" and "isims" and to me it all means stay focused, stay the course, be committed, work hard and believe in yourself! We have a "saying" right now in … (1 comments)
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loan modifications: Should I Short Pay my home? - 05/18/09 10:32 AM
This is a question I hear a lot, and an honest answer it is going to depend from circumstance to circumstance, but in most cases I would tell you whatever is going on in your life that is a "true" hardship is an event and not a condition. It will pass, … (0 comments)
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loan modifications: times are tough, are you? - 05/14/09 10:47 AM
Look we all know the economy is bad. We all know the cash flow is not flowing for most as it has in the past, but how you handle it is the issue. We have all heard the old saying: Its not about the problem or issue you face but about … (2 comments)
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loan modifications: Short Sales becoming more friendly.....well almost - 05/04/09 11:08 AM
An amazing trend I am HEARING and starting to experience SLOWLY is banks are REALLY attempting to make the short sale process easier and consumer friendly AND taking a serious look at doing them rather than going all the way to the Foreclosure process and taking the properties back! This may … (0 comments)
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loan modifications: Can there be a buyers market and a sellers market at the same time? - 04/27/09 11:11 AM
This may seem an obvious answer of no, but I must say in my markeplace this is what we are seeing. Let me explain. Prices are down compared to a few years back, interest rates are low and inventory is misleading. What do I mean by inventory being misleading? Well there … (0 comments)
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loan modifications: so you think the real estate market is dead? - 04/11/09 12:21 AM
Okay my client sees a property listed at $257,900. We already lost on a property so we are not playing games. My client is putting 20% down, 700+fico score conventional financing. We offer $300,000. The property comes on the market late thursday and by monday morning there are 22 offers! My … (1 comments)
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loan modifications: Free Seminar SCHEDULED 4-8-2009 - 04/04/09 12:38 AM
Okay the date is here and scheduled! Only the first 50 people admitted. How to use the $8,000 tax credit, LOAN MODIFICATIONS can they or do they work? The new FANNIE MAE 105% refinance do I qualify. How to purchase Bank Owned properties and are they all good deals? HOW TO … (0 comments)
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loan modifications: seminar is coming baby! Its coming soon! - 04/02/09 09:26 PM
We are excited to announce we will be doing our first FREE seminar of 2009 SOON! We will discuss the $8,000 tax credit for first time home buyers, the FHA loans. SHORT SALES FOR SELLERS, loan modifications and of course purchasing bank owned properties! WE DISCUSS PURCHASING REAL ESTATE AND GAINING … (0 comments)
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loan modifications: who are you listening to? - 03/29/09 09:36 PM
Who you going to listen to? The people PAID to tell you things are bad or the soldiers out in the field doing the work? Real estate dead huh? All week I've been showing writing offers on REO bank owned properties and all week they have been in multiple offers, all … (1 comments)
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loan modifications: Free Buyer and seller reports - 03/23/09 09:59 AM
Stay informed of the real estate market. Go to www.elginwalker.com and get your free reports! In a crazy market and crazy economy you need to have as much information as possible. We at The Elgin and Pilar Walker Team strive to provide service, information in hopes of EARNING your business! Once … (0 comments)
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loan modifications: You are blessed! DONT FORGET IT! - 03/22/09 11:28 PM
What a wonderful life! I always say it truly is a great life and if you are breathing it really is! No matter what is going in your life there are people worse than you. In your real estate business no matter what is happening in your life, if you focus … (0 comments)
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