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certified short sale specialist: Elkhart Real Estate Agent Evelyn Johnston, 2010 Will Be The Year of Short Sales - 12/24/09 11:09 AM
According to Harris Real Estate University and Founder's Tim & Julie Harris, 2010 will be the year of short sales, reports Elkhart Real Estate Agent Evelyn Johnston.  They are reporting that more than 10,000,000 home owners across the country are deliquent in their mortgage payments.  Many of them unable to get caught back up.
That is approximately 1 in 7 households in distress and needing a Certified Short Sale Specialist to help them make sense of what it means to them, and where they go from this point forward.
I am the Elkhart REALTOR you are looking for.  Witih 2 years experience in … (2 comments)

certified short sale specialist: Elkhart Real Estate Agent Evelyn Johnston Asks: Making an Offer on a Short Sale? - 12/05/09 08:50 PM
Almost all Home Buyers are looking for a good deal, according to Elkhart Real Estate Agent Evelyn Johnston with Prudential One Realty.  Are YOU looking to buy a new home?  Are you thinking that now's a great time to find a bargain?  Before you make an offer, it pays to know a little about the seller's situation.
If a home is being sold for below what the current seller owes on the property - and the seller does not have the funds to make up the difference at closing - the sale is considered a short sale.  Many more home owners are … (2 comments)

certified short sale specialist: Elkhart Real Estate Agent Evelyn Johnston Reports Short Sales Tips for Sellers, Part 1 - 12/05/09 07:06 PM
Elkhart Real Estate Agent Evelyn Johnston with Prudential One Realty reports short sale tips for sellers: if you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of our home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency.  A short sale is different from a foreclosure, which is when your Mortgage Lender takes title of … (0 comments)

certified short sale specialist: Elkhart Real Estate Agent Evelyn Johnston on Home Affordable Foreclosure Alternatives Program (HAFA) - 12/05/09 06:42 PM
According to Elkhart Real Estate Agent Evelyn Johnston with Prudential One Realty, the National Association of REALTORS(r) recently reported on the Treasury Department's release of the guidelines and forms for its new Home Affordable Foreclosure Alternatives Program (HAFA).  HAFA is part of the Home Affordable Modification Program (HAMP). HAFA provides incentives in connection witha short sale or a deed-in-lieu of foreclosure (DIL) used to avoid foreclosure on a loan eligible for modification under the HAMP program.  HAFA applies to loans not owned or guaranteed by Fannie Mae or Freddie Mac, which will issue their own versions of HAFA in coming weeks.
HAFA … (0 comments)

certified short sale specialist: Elkhart Real Estate Agent Evelyn Johnston Says, If You Are Behind In Your Mortgage... - 12/05/09 09:05 AM
If you are behind in your mortgage payment, there are new rules, says Elkhart Real Estate Agent and Certified Short Sale Specialist Evelyn Johnston with Prudential One Realty.  The US Treasury just released new guidelines that both you, the Borrower, and your Mortgage Lender must now complete and follow.
Exactly what this means to you is this:  Once the Mortgage Lender issues you approval to sell your home as a Short Sale, both you and they must meet minimum requirements, AND they cannot require you to repay any portion of the first mortrgage!
If you, or someone you know, are behind in your … (2 comments)

certified short sale specialist: Elkhart Real Estate Agent Evelyn Johnston Fights The Big Guys Who Hold Up Short Sale Processing - 11/04/09 12:46 PM
Elkhart Real Estate Agent Evelyn Johnston with Prudential One Realty fights the big guys who hold up short sale processing by filing complaints on her Clients behalf with the Indiana Attorny General's Office.  A little known rule in Indiana is the House Bill that demands that the Mortgage Lender MUST acknowledge receipt of an offer on a pre-foreclosure property within 10 business days, and make a decision as to acceptance or rejection of the offer within 30 business days.  There are only a few Mortgage Lenders who are complying.
So, if you are behind in your Mortgage and would like to sell … (2 comments)

certified short sale specialist: Elkhart, Indiana, When is a Short Sale Offer Accepted? - 07/10/09 04:36 PM
According to the State of Indiana, a short sale offer is accepted when the Home Owner accepts it.  Legally the Home Owner is the Owner of Record, the third party approval is a contingency of the sale.
Does it take long to get the third party approval?  Yes and No.  Some banks are quick to recognize when they have a fair market offer and make the decision quickly.  I have had some approved in as little as 20 minutes after submission and others have taken as long as 5 months. 
Why does it take so long for some banks?  Most banks … (2 comments)

certified short sale specialist: Elkhart Indiana Homeowners: Don't Face Foreclosure Alone! - 03/29/09 10:56 AM
Again this week I have received notifications of a record breaking number of folks in Elkhart and Elkhart County Indiana who face foreclosure.  Don't face foreclosure alone! There are options to loosing your home and I would like to sit down and spend a few minutes talking to you about it.  If you have received a notice of default from your Mortgage Lender and delivered by the Sheriff, please call me.
President Obama's Home Ownership Affordability and Stability Plan is offering money to your Mortgage Lender to work with you to modify your loan.  Unemployment can now be used as income for … (0 comments)

certified short sale specialist: Elkhart Indinana, Behind In Your House Payments, Should I Move Out? - 02/14/09 09:06 PM
If you are behind in your house payments, you should NOT move out! In Elkhart Indiana, if you move out of your home because you are behind in your house payments, the Mortgage Lender may declare your home as abondoned and excalate the foreclosure process. 
During the 8 to 10 month period that the Mortgage Lender is processing the foreclosure you have the opportunity of either paying your past due amount plus late fees, penalties and legal fees and keeping your home, or you can consult with a Certified Short Sale Specialist that is especially trained to help you. I am such … (0 comments)

certified short sale specialist: Elkhart Indiana Realtor Evelyn Johnston With Prudential One Realty, The REALTOR Who Cares! - 02/10/09 06:52 AM
In Elkhart Indiana there are approximately 350 active REALTOR's(r) helping Buyer's buy a Home and Seller's Sell their homes.  There are Real Estate Agents that go through the motiions of filling out a mountain of paperwork and make sure every i is dotted and every t is crossed, but do they "care"?  Most of them do.  And pretty happy to be doing something in this difficult real estate market.  Times are tough.  So who cares enough to help the ones who have been laid off from work, either their unemployment is about to run out or has already run out, and … (0 comments)

certified short sale specialist: Elkhart Indiana, Are You Looking For A REALTOR To Sell Your Home Because You Are Behind in Your Payments? - 02/10/09 06:36 AM
There are approximately 350 REALTOR's(r) still active in Elkhart, Indiana, some more so than others, and all of us have our own personalities, dreams for our business and how we see it growing.  On the surface we all look alike, in that we all help you to either buy or sell a home or both.  But what is it that makes you choose which one to work with?
Alot of times we choose a REALTOR(r) based on the experience some one else had with a particular Elkhart County Real Estate Agent. That's okay, and it is what we call a referral.  … (0 comments)

certified short sale specialist: Elkhart Indiana, You Don't Have To Move Out Just Because You Are Behind In Your House Payments! - 01/29/09 07:44 AM
Elkhart Indiana is going thru some tough times, just like so many other communities.  However, in Elkhart Indiana, as I have stated before our Unemployment rate of 12.4%, and rising, makes us the most stressed community in the United States.  I liked it much better when we were known as the Home of the RV Manufacturers!  Not any more. 
I visited with a couple who both work in RV's and their work days are down to 3 a week, on a day to day basis, and they are just starting to get behind in their mortgage.  They did not know they … (0 comments)

certified short sale specialist: Elkhart Indiana Fox 28 News Morning Show Says Foreclosure Prevention Does not Work! - 01/16/09 08:07 AM
A Pre-foreclosure sale of your home IS Foreclosure Prevention!  In today's uncertain time in Elkhart Indiana, and beyond, that is one thing that I am certain of.  White the hosts of the Morning Show on Fox 28 News had a very nice conversation with a well known Real Estate Veteran and a very thorough Loan Officer, about the opportunities of buying a home in today's market, there was no mention as to why we have such a huge inventory..  As they stated, there has been no time in the housing market prior to NOW that both home prices and interest rates are at … (5 comments)

certified short sale specialist: Elkhart County Short Sale New Property Listed at 458 E High Street, Nappanee, Indiana - 12/28/08 12:23 PM
Elkhart County Indiana has a brand new, just listed short sale property located in Nappanee, Indiana. This home was built in 1910 and is a 1.5 story.  1481 square feet of living space located south of the railroad tracks and east of SR 19.
A short sale property means that negotions will take place once an offer is received between me and the Mortgage Lender. The meaning of Short Sale is that the Lender will take less than the amount owed as the payoff.  My job will be to provide the Lender with all the information required and then take care of the … (0 comments)

certified short sale specialist: Elkhart Indiana The Market Has Shifted, How Are You Taking Advantage? - 12/28/08 11:27 AM
Elkhart Indiana, WAKE UP!  This, today, is the time to buy a home.  If you were planning on moving up in the next 2 to 3 years, NOW is the time to buy!  Homes are at a price to sell, when the market shifts again and you realize it has, it will be to late, the prices will have already increased! The Market has shifted, how are you taking advantage?  You can buy more home for your money right now!
Sit down and make a list of your must have's and wants.  Include all the things you want in a dream house then … (0 comments)

certified short sale specialist: Elkhart Indiana Pre-Foreclosure Are Up-Help Available - 12/26/08 09:16 AM
Pre-Foreclosures are Up in Elkhart Indiana.  Unemployement is Up in Elkhart Indiana, according to ABC News.  Families needing help is Up.  Is it available?  You betcha!  There are Food Banks with available canned goods and non perishables at Food Bank of Northern Indiana, South Bend, 574-232-9986 and The Open Door, 574-773-2985, Nappanee and Church Community Services in Elkhart, 574-295-3673.  If you need help with groceries call one of these wonderful organizations.
If you are behind in your Mortgage Payments and are fearing loosing your Home, call Elkhart Indiana Real Estate Expert and Certified Short Sale Specialist Evelyn Johnston with Prudential One Reatly at … (0 comments)

certified short sale specialist: Elkhart, Indiana Made National News Due To High Unemployment Rate - 12/13/08 08:54 AM
According to ABC News Elkhart, Indiana has the highest unemployment rate of any community in the United States.  The news article I read stated our unemployment rate was at 10.7% with one in nine people unemployed.  That is indeed very high.  While I would prefer to be on the news for more positive reasons, hopefully help will be forthcoming for those who lost their job.
The Elkhart County Chamber of Commerce in conjunction with LaCasa will be holding a Job Fair in the middle of January 2009, attracting Companies from our surrounding areas that have need of employees. Prudential One Realty Agent … (0 comments)

certified short sale specialist: Elkhart Indiana, Pre Forclosure Market Predicted To Increase in January 2009 - 11/22/08 03:02 PM
Several sources here in Elkhart, Indiana have predicted that the number of Pre Forclosures, or Short Sales are on the rise and there will be several hundred above what we have seen in the recent past, to hit the market in January 2009. 
I also saw something on the news last night that said Foreclosures were going to be postponed from December to January because of the extreme cold here.  No Lender wants the reputation of displacing homeowners with no where to go.  Although the news media reported this, I have seen nothing that verifies it.
If you are past due … (0 comments)

certified short sale specialist: Elkhart, Indiana, Three Short Sale Approvals Received This Week - 10/24/08 09:15 PM
Short Sale Approvals on Elkhart, Indiana homes are moving along! First Franklin is on fire and pushing the files on to receiving decisions.  I have had two very knowledgeable negotiators working on 4 deals with their company.  They have been quick to review offers, order BPO's or Appraisals and then gather the data for their in-house analysis invesotrs and have come out victorious!  I will be calling upon these professional negotiators in the future when dealing with their company. 
If you have a mortgage with First Franklin of Pennsylvania, or any other mortgage company and you are behind in your payments, … (0 comments)

certified short sale specialist: Elkhart, Indiana Real Estate Agent Evelyn Johnston Seeks Higher Education - 10/24/08 09:01 PM
Evelyn Johnston, Elkhart, Indiana Real Estate Agent with Prudential One Realty has enrolled in a progarm to further her education and become a Broker.  Statistics show that less than 10% of Real Estate Salespeople return for higher education.  There are more opportunities for income as there are certain Real Estate Transactions that only a Broker may perform.  Evelyn already holds the titles of Certified Short Sale Specialist, e-Realty Certification, Relocation Specialist, Referral Agent and sometimes Listing Leader in her office.
… (0 comments)

 

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