Real estate blog entries tagged with bank of america by Elizabeth Weintraub, Sacramento Short Sale Agent, 916.233.6759, Lyon RE (Lyon Real Estate)

Home : Blogs : Elizabeth Weintraub, Sacramento Short Sale Agent, 916.233.6759, Lyon RE : Elizabeth's Weintraub's Blog : Tag "bank of america"

bank of america: If Banks Make More Money on Foreclosures than Short Sales, Why Am I Closing So Many Sacramento Short Sales? - 11/08/09 09:25 AM

A fellow blogger and agent on Active Rain, Pacita Dimacali, wrote a piece that included links which substantiate the theory that banks make more money on foreclosures than short sales. Pacita works in Alameda, about 90 minutes away from me in Sacramento, and she is also a contributor to my book, … (10 comments)

bank of america: Wells Fargo Sent a Sacramento Short Sale to the Auction Block While in Escrow - 10/31/09 08:51 AM

Ever since I lost a short sale to the auction block in 2006, I've been trying to keep tabs on the foreclosure activity regarding my Sacramento short sales. On that particular transaction, we were in the middle of negotiations with Bank of America when the next thing I knew, an agent … (16 comments)

bank of america: The Secret to Knowing The Sales Price a Short Sale Bank Will Approve - 10/23/09 09:09 AM

Short sale buyer's agents in Sacramento are wising up and asking more questions upfront about my listings before showing them to a buyer, but I still get the goofy questions about homes that are new to the market such as: Is this short sale approved by the bank? Some banks such … (33 comments)

bank of america: Your Sacramento Short Sale Home is Vulnerable to Vandalism if it's Vacant or Abandoned - 10/17/09 09:20 AM

There is always a good reason to do a final walk-through before closing escrow. Especially when you're buying a Sacramento short sale home that is vacant. Plus, some banks won't approve short sales if a home has been abandoned.
In one instance, I had a Sacramento short sale that was approved … (11 comments)

bank of america: Not Every Short Sale Bank Will Pay the Buyer's Closing Costs - 10/02/09 09:39 AM

Because it's generally the investors who call the shots and not the short sale bank, some of my Sacramento short sale listings are not available to buyers who need their closing costs paid. A Bank of America short sale was verbally approved by the negotiator last week at the price submitted … (8 comments)

bank of america: The Perfect Storm for Sacramento Short Sale Sellers - 09/18/09 09:03 AM

Wells Fargo approved another short sale yesterday for an Elk Grove seller. The negotiator was a chatty guy out of South Carolina who used to live in Sacramento -- on one of the "fish streets" in Rosemont. Very nice guy. I'd like to go on the record as saying that not … (12 comments)

bank of america: What Can You Tell Me About That Sacramento Short Sale Home? - 06/11/09 10:17 AM

Buyer calls about Sacramento short sale homes, I can understand. After all, not every website where buyers find property specify that the listing is a short sale, much less whether it's an active contingent (meaning there are one or more offers with at least one accepted) short sale. And, sometimes buyers … (14 comments)

bank of america: You May As Well Prepare For a Delayed Escrow Closing in Sacramento - 06/10/09 08:59 AM

I like to tell my clients that we shouldn't cross bridges twice, but sometimes, you've got to. Part of the service I provide for my clients is to anticipate problems before they happen and try to head them off at the pass. There are situations, though, over which I have no … (10 comments)

bank of america: Beware of Dealing With Bank of America on a Short Sale - 05/20/09 09:21 AM

I can't think of any worse combination of lenders to be dealing with on a Sacramento short sale than having a first with Countrywide and a second loan with Bank of America. (Unless it's Bank of America on the first and Countrywide on the second.) No matter how you look at … (20 comments)

bank of america: How Many Borrowers Will Choose Bank of America's Rescue Plan Over a Short Sale Attempt? - 10/07/08 10:33 PM

Thanks to California Attorney General Jerry Brown, an agreement has been reached with Countrywide's parent Bank of America to rescue an estimated 125,000 Californians from foreclosure. The terms are narrow, targeting owner occupants who took out from Countrywide Option ARM or subprime mortgages from 2004 through 2007, with a few … (65 comments)

bank of america: Bank of America Messed Up the Short Sale Approval But We CLOSED - 03/31/08 08:36 PM

I swear, some transactions just come in under the wire. No matter how many precautions you take, and no matter how many times you try to anticipate what could go wrong and fix it before it does, something always happens. After finally receiving the short-sale approval letter, I sent it to … (17 comments)

bank of america: Bank of America Approved the Short Sale -- Peel Me Off the Floor - 03/24/08 01:59 PM

I just about fainted this morning when Tony called me from Bank of America. He found the misplaced paperwork. He said the short sale has been approved. He went on to say he is handling 400 files and is swamped. He also said he had the option of approving a lower … (31 comments)

bank of america: Bank of America Says If It Goes to Foreclosure, It Goes to Foreclosure. So What? - 03/22/08 11:50 AM

I have a seller who wants to pay Bank of America the shortfall difference on a short sale, but B of A says let it go to foreclosure. We don't have time to talk about it.
I realize that many agents are struggling with short sales right now. Because the system … (177 comments)

Related Links: