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short sale agent: IMPORTANT UPDATE: HAFA's sister program HAMP gets extended through 2013 - 02/29/12 09:13 PM
IMPORTANT UPDATE: HAFA's sister program HAMP gets extended through 2013
The Treasury Department announced that the Home Affordable Modification Program (HAMP) - which is the sister program for HAFA - was extended by one (1) year through December 31, 2013.
This means eligible consumers will have more time to apply for a HAMP modification. Other changes to HAMP include higher Treasury paid financial incentives for Fannie Mae and Freddie Mac to forgive principal, and an easing of program guidelines so that homes occupied by renters are also now eligible for the program.
We expect that the HAFA program, since it's … (3 comments)
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short sale agent: You may be entitled to $1,000 CASH BACK on your Short sale in La Quinta - 02/18/12 07:00 PM
Short Sale in La Quinta: Considering a Short Sale? Is your Mortgage FHA?
Visit us at www.StopMyDesertForeclosure.com
Or call us at: 760-464-8138 and learn what programs your home is approved for
Laura Lake, Short Sale Agent with Keller Williams Realty, La Quinta, CA 92253
… (0 comments)
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short sale agent: Should I Short Sale my Home? - 01/09/12 03:18 PM
Should I Short Sale my Home?
There are many factors to consider when thinking about short selling your home. Everyone's situation is unique and it's always in your best interest to learn everything you can before making a decision.
What type of loan(s) you have, are there tax ramifications, how do you protect yourself? I always suggest to my clients that seek legal and CPA advice to discuss their situation to see what the best strategy is for them.
My job is to help guide you through your options and help you make the best possible decision that works … (1 comments)
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short sale agent: Stop the Sales Calls...Please! - 12/27/11 02:36 PM
As A Realtor, we receive calls all day long...the problem is, we get so many calls trying to sell us on something and some of these salespeople are very pushy....but we "can't" not answer our phone, it could a potential buyer or seller.
The other day I got a call from a salesperson, about the search engine "Bing", when I told them they were the 3rd person to call me in the past week and that I was not interested, their response was "you don’t want more business"...ok now you are trying to make me feel bad about getting business? does … (2 comments)
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short sale agent: Can Agents make the worst clients? - 12/23/11 01:13 AM
I like to beleive that all Real Estate Agents/Brokers are professional at all times, but my belief has truly been put to the test this past week.
I am representing an "out of area" agent who is purchasing a home in La Quinta, CA and I figured this would be an "easy as pie" transactions......so not the case. I guess that saying is true, "Dr.'s make the worst patients".....
I guess part of the problem is that I "assumed", "the client is an agent and knows how things work in the Real Estate world". I am a very patient person...but even I … (8 comments)
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short sale agent: Lenders Accelerating the Foreclosure Process Throughout California! - 12/20/11 09:46 PM
Lenders Accelerating the Foreclosure ProcessThroughout California!
Throughout the major California markets resale home inventories aredown to almost a two-year low.
Lenders are preparing to liquidate their "shadow inventory" in anticipation of the spring selling season heating up. Going to the next step, lenders have accelerated filing Trust Deed sale notices by following through on backlogged (pending) NOD notices.
News events point out the decline in bank stock prices providing further motivation for banks needing more liquidity.
Accomplishedreal estate writer Alejandro Lazo of the Los Angeles Times has provided statistical data that points to waves of inventory about to hit … (2 comments)
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short sale agent: Buyer of Foreclosures overbidding and then re-negotiating the price - 12/19/11 11:24 PM
Buyer of Foreclosures overbidding and then re-negotiating the price
Last week I submitted an offer for my buyer on a bank owned listing, listed at $430,000. This home is located in a very desirable neighborhood and I knew it would go over asking despite the condition.
There were 3 additional offers on the property and the bank, as usual asked for highest and best. We submitted our offer, and we still lost out to a higher bidder…but I told my buyer not all is lost yet, as I am seeing a trend in our area with these type of “high … (3 comments)
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short sale agent: Bank of America making Short Sale even easier - 12/05/11 12:58 AM
I have been doing short sales for the past 4 years and I have seen the timeframes reduce and the amount of approvals increase with Bank of America.
I can remember just a year ago, I was hearing agents say "I won't take a short sale listing if the loan is with BofA". I decided not to listen to them and kept doing them and now they are running like wildfire. I got one approval from BofA in 15 days, wow, I was impressed.
BofA is now working towards reducing the timeframes even further with their latest announcement. BofA … (5 comments)
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short sale agent: Mortgage Forgiveness Debt Act Expiring - 11/28/11 07:37 PM
Mortgage Forgiveness Debt Act Expiring
Unless extended, the Mortgage Forgiveness Debt Ace is set to expire the end of 2012. There is no guarantee that the act will be extended into 2013. Bottom Line, if you are thinking of doing a short sale, now is the time to act.
Rules and guidelines are constantly changing with the banks, what worked yesterday, doesn't work today. Banks are cracking down on homeowners trying to "delay" the sale with no real intention of resolving the debt with the bank.
My job is to help you understand all of your options so you … (2 comments)
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short sale agent: Investment Propety - short Sale approved - Closed the deal - 11/19/11 02:06 AM
Desert Hot Springs Short Sale sold We helped this seller get their investment property sold and the new buyer kept the current tenants in the home, a win-win for everyone! … (2 comments)
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Laura Lake - La Quinta Short Sale Specialist
La Quinta,
CA
More about me…
Keller Williams Realty La Quinta
Address: 47170 Washington Street, La Quinta, CA, 92253
Office Phone: (760) 601-3000
Cell Phone: (760) 609-4601
Email Me
Many homeowners are asking themselves a very difficult question. "Do I Short Sale my Home or stay and tough it out?"
This free service will help give you the knowledge you need to help you make an informed decision
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