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short sales: Why is the National Association of Realtors allowing banks to give Realtors the shaft on short sales? - 06/28/09 05:21 PM
Yes this is a rant.
I simply don't get this. By now nearly everybody has gotten the word. Short sales stink. The process for so many homeowners, buyers, Realtors, title companies, mortgage brokers, etc. is often unbelievably long, frustrating, and painful. And even when you do get the short saling lender to finally come back with a reply months later, the buyer has often given up and disappeared. Why aren't the banks forced to use some of their TARP money to expedite short sales?
Back last Fall, our local Mid-Florida Regional MLS that covers some 13+ counties in Central Florida became part … (10 comments)
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short sales: Are these short sale lenders just plain crazy??? - 04/27/08 10:13 AM
What the heck is the problem with these short sale lenders??? I certainly can understand why they don't make a snap decision to approve these short sales. Reducing the payoff of a $200,000 loan down to $150,000 is certainly not a decision to take lightly. But on the same note, taking 4 months to make a counter-offer is absolutely ridiculous.
I realize that a lender needs to verify that no sort of fraud was involved in both the original mortgage transaction and in the request for the short sale. I also realize that a lender wants to make sure the property has … (21 comments)
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short sales: The Good Side of the Short Sale Business - 03/22/08 08:31 AM
In spite of some of the previous articles I have written on this subject, there is a definite positive side to the short sale business. When a homeowner is "upside down" on their property for whatever reason, something must be done to solve their problem. Believe me that with the way the market is right now, lenders do not want foreclose on another property. Lenders are already up to their eyeballs in foreclosures, short sales, and REOs. If they can resolve another bad loan, that is a good thing for all parties involved.
If the homeowner does not want to move out and can still afford the payments, … (2 comments)
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short sales: The "Dark Side" of the Short Sale business - 03/14/08 04:11 PM
Short sales are all the rage right now. They are a huge short-term trend for the real estate industry at this moment. Many brokerages, Realtor associations, investment clubs, and self-proclaimed "gurus" are teaching how to do short sales to anyone who will listen. I do believe there is a lot of money to be made doing short sales over the next 2 to 3 years. However, there is also a "Dark Side" of the short sale business that I do not think many people are teaching about. I want to expound upon this Dark Side at least a little bit just to hopefully … (22 comments)
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short sales: Florida short sale listing service - 03/06/08 12:57 PM
Whether you are a real estate investor or a short sale mitigation company, we have a great deal for you. As you may know, most lenders require that properties facing a short sale be listed with a real estate broker or Realtor in the local MLS before the lender or their loss mitigator will approve them. We are here to provide that service to you.
Our office currently services 22 counties in Florida and is expanding as opportunities arise. We cover all of Central Florida including Orlando, Tampa, Ocala, and the Space Coast. We also cover all of Southeast Florida from Miami Dade … (0 comments)
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short sales: Short Sales – Are they worth doing? - 03/01/08 10:30 AM
Short sales seem to be all the buzz of the last year or so. Every time I attend a broker breakfast or a committee meeting at the board of Realtors, it seems like everyone is practically asleep until the topic of short sales gets brought up. Then the whole room goes into a frenzy. Some Realtors get so emotional on this subject that we almost need to bring in a referee to "break it up".
I completed my first short sale back in 1999. I had never done one before and never had any formal training. I just called the seller's bank … (13 comments)
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short sales: Central Florida foreclosures - 10/14/07 09:57 AM
There was an article in today's Orlando Sentinel regarding the foreclosure market for Central Florida. I wanted to highlight that the Sentinel has posted an interactive map on their website, so you can research foreclosure info by city, street, or zip code. I thought it was pretty interesting. The highest concentration of foreclosures are (1) in the outlying areas that are competing with builder inventory, and (2) in the marginal low income neighborhoods.
Interactive Map: http://www.orlandosentinel2.com/data/foreclosures/
… (4 comments)
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Rob Arnold, metro Orlando full service, investor friendly & foreclosure Realtor
Altamonte Springs,
FL
More about me…
Sand Dollar Realty Group, Inc.
Address: Apopka, FL, Longwood, FL, Winter Springs, FL, Casselberry, FL, Orlando, FL, Deltona, FL, Debary, FL, , Altamonte Springs, FL, 32714
Office Phone: (407) 389-7318
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My thoughts on the real estate industry, real estate investing, rental properties, mortgages, listing houses in the MLS, government and legislative issues affecting real estate brokers and investors. Serving metro Orlando & most of Florida.
Rob Arnold - ABR, CPL, CRB, CSP, GRI - Managing real estate broker, Notary Public
Disclaimer: This blog is for educational, entertainment, and yes blatant advertising purposes. Read it at your own risk and enjoyment :-) It is not meant to be construed as legal or financial advice. These are my personal views and opinions only. Regarding any properties advertised on this blog site - all information is deemed reliable but is not warranted nor guaranteed - price, terms, and availability are subject to change without notice.
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