upland: Short Sale Listings...Do you hold Open Houses... - 07/08/11 09:57 AM
What's your experience with offering Open House in this market when your the listing agent of a Short Sale?  
If you believe they are effective and bring offers how do you track that? What other forms of advertising do you offer the seller other than Open House showings? How often do you hold Open House showings What's your best marketig vehicle for short sale listings? Thanks for responding!
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upland: Wells Fargo Wants to Sell Short Sales...Real Bad...Kris & Kim Darney Got This Email! - 04/09/10 10:14 AM

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upland: Inland Empire gets $4 Billion In Help From HUD To Deal With Foreclosures - 01/17/09 07:16 AM
We read about all of the MONEY that is going into so many “EFFORTS” to save our decaying Inland Empire….I’m sure we will all be watching closely; we here in the Inland Empire have not seen bottom yet.
This is hot of the wire:
Federal officials have given an official thumbs up to local officials’ plans to spend millions in an effort to save foreclosed homes from decay.
The U.S. Department of Housing and Urban Development announced Thursday that 19 California municipalities will get a share of funds made available under a plan called the Neighborhood Stabilization Program.
The program allows … (0 comments)

upland: California Homeowners in trouble...read this! - 08/11/08 06:53 AM
As a result of the subprime loan market collapse, numerous bills were introduced this year in the California Legislature, including the recently enacted SB 1137.  Within this highly charged political environment, the California Land Title Association (CLTA), along with trustees, escrow companies, and lender groups originally opposed this legislation, which subsequently underwent a series of significant amendments before being signed by the Governor earlier this week.
SB 1137 became effective July 8th as an urgency measure.  However, requirements pertaining to the notice of default and the posting and mailing of an entirely new notice will not become operative until 60 days … (0 comments)

upland: Series of Short Sale Myths….Fact or Fiction? #4 - 08/10/08 03:47 PM
With so many different things happening in the word of Short Sales, a question that comes up daily......
 
Q:How do you get paid? (the real estate agent) A: The bank (your lender) will pay commissions along with all the other usual closing costs.
That’s important for you to know. When your in financial duress the last thing you want to hear is that to avoid foreclosure it’s going to cost you money! We also want to point out a very common question that every seller asks us at the time an offer has been made on the property….
Many offers … (0 comments)

upland: Working with Countywide…loan modification - 08/10/08 01:11 PM
If your in a situation that is going to require a loan modification to negotiate you keeping your home, you will want to read this.....be careful!
With loan modifications all over the news and our government “pressuring” lenders to find a solution, I would have expected more from the biggest mortgage whore in the free world, Countrywide. A client of ours was facing foreclosure. Countrywide is their mortgage servicer. Our client called for a loan modification and what they experienced was laughable.
My wife Kim and I offered to step in and assist our client simply because they felt they were … (0 comments)

upland: If your a home owner and can’t make the Payments READ THIS…SB1137 - 08/10/08 02:43 AM
If you have purchased a home in California during the time period of 2003-2007 California State Bill 1137 and are in danger of loosing your home you will want to understand this new law. Effective on or around September 8th mortgage lenders doing business in California are going to be held accountable to make every effort to find other solutions than foreclosure.
Highlights of the new law are as follows:
- Contact Between Lender and Borrower: Effective on or about September 8, 2008, a lender, trustee, or authorized agent may not file a notice of default until 30 days after … (0 comments)

upland: Short Sale Myths….Fact or Fiction? #3 - 08/06/08 05:22 AM
It’s amazing when we talk to sellers about the dynamics of a Short Sale and learn that the information that was given by real estate professionals that proclaim to be knowledgeable in dealing with Short Sales.
Let’s start with one of our most asked questions:
#1 Q: I want to do a short sale and have a 2nd mortgage, does this make me ineligible?
A: No. Both of your lenders will need to be satisfied in some way to complete the short sale. If your first lender will be paid off by the sale, then you just negotiate the terms with … (0 comments)

upland: Short Sale Myths….Fact or Fiction? #2 - 08/06/08 05:20 AM
There are so many myths about short sales. Here’s a very common question with an answer that will probably surprise you:
#2 Q: I just missed a payment and I know I will miss more…how long does the foreclosure process take and is there time to do a short sale?
A: The foreclosure process takes differing times depending on your state. Generally speaking a well priced short sale being processed by an educated short sale listing agent will sell and close in less than 120 days.
We’ve taken listings that had as little as 7 days before the sale was … (0 comments)

upland: Urgent Short Sale Myth Breaker…..!!!!! - 08/06/08 05:13 AM
No Qualifying Needed to Short Sale! If you can’t make the Payments you can sell your home using a Short Sale.
We received a call from one of our “bloggers” asking us what they need to qualify to Short Sale their property.
Within a few seconds of speaking with this seller, it was clear that she was giving misinformation by not 1…but 3 separate Real Estate agents. She was told that the only way she would sell her property was to be late not 1 month, but multiple months before the bank would be motivated to approve a short sale.
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upland: Short Sale Myths….Fact or Fiction? #1 - 08/06/08 05:10 AM
We are offering this series as a guide to help you overcome the myths as they relate to the Short Sale process of selling your property.
Question: How many months late do I have to be on my mortgage to qualify for a short sale?
Answer: You don’t have to be late at all. Examples:
1. There needs to be a financial concern. Your ARM (Adjustable Rate Mortgage) is rising in monthly payment.
2. Loss of Job or income.
3. Health or Medical issues
4. Extraordinary loss in home value
5. Many more…call or blog us to discuss
Most important…hire an … (0 comments)

upland: Tips to repairing your credit and get ready to buy a home in the near future - 07/22/08 08:15 AM
We get great questions asking us how to get your credit back in shape to purchase a home.  Here are a few things that you can do that will get you on your way!  With the real estate market in position to decline for a minimum of next 18 to 24 months by the time you have repaired your credit you'll see great value for what you can purchase.
 In all actuality, if you have the diligence to do it yourself it's quite simple, but it takes dedication and follow up.  First, get a copy of all 3 of your credit … (0 comments)

upland: If your home is in default, or going to be there soon, please consult an expert on short sales. - 06/11/08 01:52 PM
My husband Kris and I specialize in listing Short Sales.  We also work with buyers regularly and would like to share some very valuable information to anyone that may be facing loosing their home. We have been calling on countless listings that are either in default or very close to receiving an NOD.  This is not surprising, the horrifying reality is that more than 25% of these homes are NOT listed as a short sale and will be lost to foreclosure!  It's unbelievable the response we get when we call on a home in this situation.  One agent told us last … (0 comments)

upland: Short Sales not appealing to you? We pay referral fees when the property closes! - 06/11/08 12:54 PM
Attention Real Estate Agents, Short Sales overwhelming you?  We have a full loss mitigation department dedicated to Short Sales.  We pay a referral fee when the property closes.  Short Sales can be a serious time drain with countless hours on hold to the lenders.  Let our loss mitigation department take care of the paperwork and phone calls while you're out working with buyers and getting listings!
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upland: Short Sales = Great results for the buyer and the seller - 06/10/08 05:06 PM
After a long process, we closed another escrow last week; the relief from the seller was more gratifying than a commission could ever be.  Short Sales are challenging to not only the Real Estate Agent but to the seller and the buyer in the transaction.  You really have to be diligent as an agent and know what you're doing when you take on a listing that requires a Short Sale.  The lenders are relying on the agent to present a case on why they are going to take less than owed.  As the listing agent, you're really responsible for what happens … (2 comments)

upland: An Unexpected Up Swing In the Housing Market? NAR Report Just Released. - 06/10/08 04:51 PM
The latest look at the national housing market shows an unexpected improvement.
Pending home sales increased in April over March to the highest reading since October, according to the National Association of Realtors. But even with the month-to-month uptick, pending home sales remain more than 13 percent below the number reported a year ago.
The NAR's Pending Home Sales Index rose 6.3 percent to 88.2 in April from 83 in March.
The index in the South grew 4.6 percent to 88.8, but is 22.5 percent below April 2007.
Bargain hunters have entered the market en masse, especially in areas that have … (1 comments)