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short sales: Coeur d'Alene Short Sale Q & A: What difference does a short sale have on credit as opposed to a foreclosure? - 05/03/11 04:30 PM
Janna Rankin Scharf, CLHMS, GRI, SFR - Coeur d'alene Idaho Short Sale Realtor
As a Realtor involved in short sales in Coeur d'Alene, Idaho, I get asked this question a lot. Good people struggling with their mortgage need to know that there are major differences in the impact on not just their ability to purchase a home in the future, but on other areas of life as well. Particularly, employment.
Here are some of the differences in short selling vs. letting your home go through foreclosure:
Future Ability to Purchase
After a foreclosure, you will be required to answer yes in … (5 comments)
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short sales: To my short sale negotiator... and my wish for the new year! - 12/30/10 10:07 PM
Janna Rankin Scharf, GRI, CLHMS, SFR - Short Sale and Foreclosure Resource Certified
Fom my first conversation with Mark Booth, a Loss Mitigatin Rep at GMAC ResCap, I liked him and I liked working with him. Today, my complicated, crisis riddled, investment property short sale transaction closed. I took an opportunity to send him the following message of appreciation.
(And, by the way, never underestimate the power of expressing your appreciation!)
My wish for all of us working short sales in the coming year is that they all be as free of the mind blowing, crazy-making frustration that this one was....
Mark,
… (3 comments)
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short sales: Got patience? Are you a good candidate for buying a home that's a short sale? - 08/21/10 02:13 PM
One of the most challenging things for me right now is managing emotions of buyers who are waiting for response to their short sale offer.
I have had wonderful successes for my buyers, and am a hands on short sale negotiator for my seller clients. I understand the process, which has been aptly defined as CRAZY MAKING by one current client. I am an experienced short sale Realtor, trained, certified. Forewarning and explaining what to expect is something I do right up front.
However, I find that for all my attempts to prepare buyers for the unavoidable delays and frustration that have become … (5 comments)
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short sales: Short Sale Distress is an Equal Opportunity Condition - 02/13/10 05:34 PM
Janna Rankin Scharf, Coeur d'Alene Idaho Short Sale Realtor -
Both of these homes are currently listed for sale in the Coeur d'Alene Multiple Listing Service. These two homes have more in common than you might think based on outward appearances.
Behind the four walls at each home are distressed homeowners underwater on their mortgages. Upside down is another tag for their situation. They owe more on their mortgages than they can sell their homes for in our current market.
The size of the home and means of the owners may be worlds apart, but they are essentially in the same situation. One size … (2 comments)
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short sales: Coeur d'Alene real estate Q&A: What does it mean when a house is advertised as a short sale? - 02/01/10 09:50 PM
Janna Rankin Scharf, GRI, CSP, CLHMS ~ Coeur d'Alene Idaho Real Estate
Question - What does it mean when a house is advertised as a short sale?
Answer - Short Sale is a term that means the home is being sold for less than what it would take to pay off the mortgage and closing expenses. The lender agrees to accept a payoff that is short of what is owed. They will usually agree to a short sale when the homeowner can't continue to make the payments for a variety of reasons - referred to as a hardship - and it's … (2 comments)
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short sales: Another Coeur d'Alene Idaho Short Sale Success Story ~ Sometimes everything just goes RIGHT! - 12/17/09 12:54 PM
Another Coeur d'Alene Short Sale Success Story ~ Sometimes everything just goes RIGHT!
I started my day at a closing, ALWAYS a great way to start the day. As short sales go, this has got to be one for the record books. Short sales can be full of extreme frustration, lengthy delays, and emotional trauma for everyone involved - but this short sale was nothing of the kind.
Less than three months ago these sellers called to ask for help. Due to circumstances beyond their control they couldn't continue with their house payments and they wondered if they were candidates for a short sale. They owed … (5 comments)
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short sales: Is The FDIC Killing Short Sales and Loan Modifications in Coeur d'Alene, Idaho? - 10/04/09 08:57 PM
Is The FDIC Killing Short Sales and Loan Modifications in Coeur d'Alene, Idaho?
My blogging friend Robert Hertzog in Phoenix spent a couple days researching the information on this eye-opening post about how the FDIC policies are actually working COUNTER PRODUCTIVE to distressed homeowners attempting loan modifications and short sales. EVERYONE who is involved in short sales - sellers, buyers, Realtors - are trying to make sense of the outrageous response times, apparent lack of motivation to get a deal done and the general bumbling of files in progress. This article is the FIRST THING that makes any sense of it all.
… (5 comments)
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short sales: Coeur d'Alene Short Sale Realtor ~ What does a Realtor do? - 07/19/09 03:58 AM
As a Coeur d'Alene Realtor involved in Short Sales I wasn't too surprised to find this question in my Email inbox this week:
What does a Realtor do in cases of short sales? I have been thinking about this for a while and was hoping you might be able to shed some light on the subject. A little advice would go a long way right now.Thank you for your help.
Thank you, Julie
My guess is that Julie was Googling short sales looking for some answers and turned up a post I had just made to my North Idaho Janna Blog, … (1 comments)
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short sales: Wordless Wednesday ~ The JOY of Short Sales! - 07/15/09 06:54 PM
Janna Rankin Scharf provides a superior level of real estate services to home buyers and sellers in Coeur d'Alene and Kootenai County, Idaho. Visit www.JannaScharf.com to search for homes in the Coeur d'Alene MLS for anywhere in spectacular North Idaho.
No matter how grand or modest your real estate dreams may be, you can turn to me in confidence. Give me a call today and let me know what I can do to be of service to you!
Janna Rankin Scharf, AB, GRI, CSP, CNS, CLHMS 208.651.9700 NorthIdahoJanna@gmail.com
… (8 comments)
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short sales: A Day in the Life of a Realtor with Sellers and Buyers Involved in SHORT SALES!!!!!!!! - 07/02/09 12:34 AM
(I didn't mean for this to be a book, sorry. Writing this was therapeutic on some level...)
I never aspired to work with short sales. They just found me! Last year I became the agent for some buyers who fell in love with a short sale. After looking at at least a zillion houses, they decided to wait it out for the short sale. That's when I learned how powerless it is to be the buyer's agent, because there is NOTHING YOU CAN DO to move the process along! I was at the mercy of the Listing agent, having to trust that … (11 comments)
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Janna Rankin Scharf
Coeur d Alene,
ID
More about me…
Keller Williams Realty Coeur d'Alene
Address: 1450 Northwest Blvd. Ste 301, Coeur d'Alene, ID, 83814
Office Phone: (208) 667-2399
Cell Phone: (208) 651-9700
Email Me
Coeur d'Alene Idaho Real Estate Blog By Janna Rankin Scharf of Keller Williams Realty is a Great Place For Real Estate Agents and Potential Buyers and Sellers to get to know more about Coeur d'Alene Idaho as well as other parts of Kootenai County and North Idaho.
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