Keith Manson's (kmanson) Blog

Real Estate Agent - First Weber Group/short sale/cdpe/gri



  In West Allis from January thru September there has been 102 fewer sales in 2008 than in 2007.  That is 16.53 % reduction in 2008 from 2007.  There were 127 fewer new listings that came on the market in 2008 than 2007, or 9.61%. Over the year the properties that have sold had an average time on...
Today the news is that Washington Mutual Bank has failed and the investors who had stock in the company  have lost everything.  JP Morgan Chase has taken over all the assets of the bank and will be a very profitable company next year.  What this means the bad loans at wamu will be handled aggress...
I am working a case that has an approved modification that a loan officer/Notary dated the commission expires date incorrectly.  The date indicated was prior to the signed date.  The date should of been 2009 and was written 2008.    The issue is that Chase has indicated that the error can not be ...
Recently I was negotiating a REO offer as a buyers agent.  It is normal that the purchaser would have to purchase the property in as is condition with loan pre-approval.  However, this time they indicated that the lender would not allow a home warranty paid by the seller or a credit for a home wa...
Comparing the solds in 2007 to 2008 there has been 20% fewer sales, from January thru August.  That is 42 fewer sales.  During the same period new listings have decreased by 17/%. During the last 30 days the median sold price was $228,000 and the sold price was 96.21 % of the list price.  The ave...
I have a customer with a mixed use property (home and business) that is in foreclosure and agreed to a repayment plan for 16 month that they can not afford.  The loan was a 5 year loan that comes due 2010 which is about the time the repay plan would be completed which would make it difficult to r...

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