foreclosures: Let December Be Known as Loan Modification Month - 11/28/08 03:36 AM
The hottest buzz word in the industry right now is not short sales nor foreclosures. It's all about loan modifications. Lots of unscrupulous businesses are springing up that offer consumers help with their loan modifications, and they are charging home owners $3,000 and more to do what home owners can do … (41 comments)
foreclosures: The Reason Why Banks Are Slow to Respond to Foreclosures - 09/25/08 10:40 AM
The banks are taking a long time to decide on foreclosures for one reason: They can't do it any faster. Many asset managers are handling 500 files per month. The banks are overwhelmed with foreclosures and understaffed. Not only are they dealing with potential sales, but there are a flood of … (19 comments)
foreclosures: Weintraub's Foreclosure Video - 07/07/08 10:21 AM
Home buyers who want a good deal in real estate invariably think first about pursuing foreclosures. Probably because right now there are so many REOs on the market. Buyers have this picture in their mind of a cute little house, surrounded by a white picket fence that is owned by a … (11 comments)
foreclosures: Achieving the Dream of Home Ownership is a Struggle for Many Young Couples - 05/11/08 09:56 AM
Don't let anybody fool you; it's hard for some first-time home buyers to buy their first home. It's not as easy as some people make it sound. Oh, sure, sometimes buyers can get lucky and score a home right away -- especially if location and condition aren't that important, but the … (8 comments)
foreclosures: Stripping Assets from Homes in Foreclosure - 12/30/07 01:51 PM
There are times I am tempted to grab some readers by the shoulders and shake them, saying: "Think, that's all you have to do is THINK." Because I often get asked questions that no sane individual should ever ask. A few months ago, a reader asked me if she could legally … (15 comments)
foreclosures: Foreclosure Drawbacks - 12/30/07 11:07 AM
Everybody talks about the upside to buying foreclosures, but few discuss the dark side. There are pitfalls to buying a foreclosure. Agents may toss about the last sales price as an indication that now the home is priced competitively, perhaps even a bit under market. But that last sales price might … (11 comments)
foreclosures: How Do Foreclosures Work? - 12/29/07 01:46 PM
There are several ways to deal with foreclosures: buy directly from the seller, buy at the trustee's / sheriff's sale or buy from the bank. Lots of investors like to negotiate foreclosures from a seller. That's because they can make up the back payments, pull it out of foreclosure and get … (4 comments)
foreclosures: Buying Distressed Homes: Foreclosures, Short Sales & REOs - 12/28/07 01:04 PM
This is my "Lions and Tigers and Bears, oh, my!" photograph (to the left). Because I think that phrase amply illustrates how many buyers and sellers feel about distressed home listings such as foreclosures, short sales and REOs. The names sound ominous and perhaps a little frightening. Not to mention, there's … (12 comments)
foreclosures: Short Sales and Foreclosures - 12/27/07 03:18 PM
Not all short sales are foreclosures nor are all foreclosures short sales, but most short sales start out as a foreclosure. Confused? You're not alone. In this market, it's hard to figure out where the line is drawn. On top of which, some lenders are willing to work with home owners … (6 comments)
foreclosures: How Do Foreclosures Affect Market Value? - 12/25/07 08:34 AM
If you ask 20 different appraisers whether a foreclosure will affect the value of the surrounding homes in any given neighborhood, you might get 20 different answers, but they will all lead to the same conclusion. That conclusion is it depends. I know, that's not what you wanted to hear. But … (7 comments)
foreclosures: CA Agent Bond Requirement for Representing Investors on Foreclosures Falling By Wayside - 12/18/07 08:13 PM
A recent California appellate case, Schweitzer v Westminster Investments, is paving the way for eliminating the bond requirement for California buyer's agents under the Home Equity Sales Contract law. The court decision, filed December 13, says the bond requirement is unconstitutionally vague and unenforceable. The case involves a seller who sued to … (5 comments)
foreclosures: Most Short Sales Are Not Fantastic Deals - 10/31/07 05:25 PM
Because of my ranking in Google for short sales, I get a ton of phone calls from buyers (sellers, too), asking me to represent them to either handle a short sale or find a short sale home to buy. For starters, one doesn't need to look too far. In some areas … (7 comments)
foreclosures: It's Always a Good Market for Somebody, Isn't It? - 09/28/07 03:18 PM
I stopped at the Pottery Barn this morning -- I can't seem to stay OUT of that store!! Because I wear my badge these days almost everywhere, I'm easily recognizable as a real estate agent. The Pottery Barn sales clerk, staring at my name badge asked, "So, how's the market? Pretty … (8 comments)
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The hottest buzz word in the industry right now is not short sales nor foreclosures. It's all about loan modifications. Lots of unscrupulous businesses are springing up that offer consumers help with their loan modifications, and they are charging home owners $3,000 and more to do what home owners can do … (41 comments)
