santa clara short sale agent: Tired of Losing To Cash Buyers? Try A Santa Clara Short Sale
- 09/11/11 11:30 AM
Today in the Mercury News there was a story about how first time home buyers who need to purchase with loans are getting beaten out by investor cash buyers who often offer less than traditional buyers for foreclosures. http://www.mercurynews.com/business/ci_18853804?IADID=Search-www.mercurynews.com-www.mercurynews.com Has this happened to you? If so, I may have the answer, buy a short sale! In a short sale the seller owes more than the property is worth and has to have the bank forgive the difference between what is owed and what the house is worth. The seller decides who has given the best offer, signs it, and sends it to … (2 comments)
santa clara short sale agent: Santa Clara Wells Fargo Short Sale: Is 3 months fast or forever?
- 06/22/11 01:45 PM
In 2008/2009 I listed a Bank of America Short Sale in Mountain View. It took 11 months to close it, with the first buyer walking and the second one sticking it out. 11 months, and I was thrilled to have gotten approval from Bank of America for a short sale. At that time they had a terrible reputation for short sale approvals, and now they are most agents favorite company. Boy have things changed! It has now taken me 3 months, from seller signature on a contract to approval of both a first and second loan from Wells Fargo. It sounds … (0 comments)
santa clara short sale agent: Wells Fargo Gave Me A Save the Date Invite on a Santa Clara Short Sale
- 05/17/11 04:40 PM
Have you ever gotten a Save the Date invitation for an upcoming event? They are great because they help you plan for the future, and bring excitement for the future into the mix. I got a lovely e-mail today from my negotiator on a Santa Clara Short Sale Listing. He said that he was just waiting for management to approve his approval and he should have something in writing to me in a few days. This was very nice for a number of reasons: 1. Everyone involved is looking forward to getting approval and moving forward. The buyer and seller need … (2 comments)
1. Closed a Menlo Park Short Sale with Bank of America, I represented the buyer. It was smooth, and took 3 months start to finish. 2. Another buyer is buying a short sale in Sunnyvale. The file had been lost in bowls of HAFA, (government assisted short sales), but the listing agent managed to find it, get it back to a tradional sale, and we are waiting for a negotiator to be assigned. we are 6 weeks into it. 3. … (7 comments)
santa clara short sale agent: Santa Clara County Short Sale: Wells Fargo is Ok!
- 01/28/11 04:42 AM
I have a listing for a beautiful home in Gilroy as a short sale. Indymac approved the short sell off of the first through their 3rd party negotiator Service Link. Wells Fargo has had the file for 3 1/2 weeks now and the negotiator has said it looks fine with him and will recommend the upper management approve the short payoff with the 10% of the loan balance the first has offered. He is not asking for a seller contribution or a deficiency judgment. The upper management still needs to approve but he said it is incredibly unlikely they will go … (0 comments)
santa clara short sale agent: What is a BPO?
- 01/23/11 04:02 AM
Question: My lender said that the offer of $360,000 on my house was too low because the realor hired by the bank to perform a BPO said it was worth $380,000. What is a BPO? Answer: A BPO stands for Broker's Price Opinion. When a lender wants to know the market value of a home for that moment in time they will often hire a realtor ( or a company who hires realtors) to give them their opinion of what the current market will bear for the property in question. This is not a full appraisal but there are certain parameters that must be … (3 comments)
Today in the Mercury News there was a story about how first time home buyers who need to purchase with loans are getting beaten out by investor cash buyers who often offer less than traditional buyers for foreclosures. http://www.mercurynews.com/business/ci_18853804?IADID=Search-www.mercurynews.com-www.mercurynews.com
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