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bailout: Shocking News About Countrywide's New Short Sale Demands - It's Below the Belt, Even For CW - 01/15/09 12:17 PM
If I hadn't heard the words from Countrywide's short sale negotiator myself, I may not have believed it. Countrywide started out in this business as a bottom feeder, and I offer this story as evidence that Countrywide is returning to its roots. The demand Countrywide made yesterday on a short sale was vicious with an evil undertone.
A common factor among many short sales today is some lenders want the sellers to make a cash contribution at closing. That's not unexpected in some transactions. We had negotiated that contribution for the sellers down to $2,500, even though the sellers did not … (178 comments)

bailout: The Top 10 Biggest Real Estate Stories of 2008 - 01/13/09 09:46 AM
I suspect most people would like to forget 2008 and are hoping that what happened in 2008 will quietly slink away and not taint the new year, but the fact is almost all of it is seeping into 2009. As I looked back on last year and reviewed the top real estate stories in 2008, comparing those to 2007, I was amazed at the difficulty I encountered in choosing just 10 stories. Real estate was hit hard from a dozen different directions.
On everybody's minds, of course, is the $700 billion Wall Street rescue plan. People want to know where the … (14 comments)

 
Eliz Rainmaker_large

Elizabeth Weintraub, Sacramento Short Sale Agent, Land Park, East Sac, Lyon RE

Sacramento, CA

More about me…

Top 1% at Lyon Real Estate #00697006

Address: 2801 J Street, Sacramento, CA, 95816

Office Phone: (916) 233-6759

Cell Phone: (916) 233-6759

Email Me

Broker-Associate at Lyon Real Estate, midtown Sacramento. Selling since 1974. Home Buying Columnist at About.com. Sacramento short sale agent.
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