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loan: Short Sale Disasters 101 - 02/04/11 02:05 AM
Imagine this screaming woman as a buyer, a seller, a Realtor...maybe it's YOU! I know we're in a bad economy and real estate is still operating at a level of about 10 below Rock, but seriously, does the short sale process have to be so heinous?   
Picture this...a married couple gets a loan approval about three years ago based upon their ability to work overtime.  The bank assures them that they can re-fi their property in two years and bring their mortgage payment down. Then the economy goes haywire, and their overtime is stopped.  All this happens the year before they were to re-fi … (2 comments)

loan: FHA'S SHORT REFI PROGRAM FOR NEGATIVE EQUITY HOMEOWNERS - 08/17/10 11:33 PM
                                                                                                        
So FHA is boasting about launching it's new short refi program for underwater homeowners.  Woot, woot.  Have you actually LOOKED at their requirements?  It reminds me of the evil stepmother in Cinderella who tells the girl that she can go to the ball "IF" she can get an impossible amount of work done.  In other words, "NOT GOING TO HAPPEN!"
The U.S. Department of Housing and Urban Development (HUD) Mortgagee Letter 2010-23 lists the eligibility requirements for lenders and negative equity homeowners.  The first glaring issue is that the lender participation is "voluntary" and "requires the consent of lenders."  … (6 comments)

loan: Don't Panic Because of Short Sales! - 06/21/10 08:07 PM
When our clients have to do a short sale, we tell them not to hit the panic button! 
At Realty Partners, we have the expertise to help our clients get through a short sale as smoothly as possible.  Being certified Short Sale Specialists helps, as does our familiarity with Equator.com.  Our clients need expert guidance in order to get all their questions answered, so we work collaboratively with tax accountants, attorneys, bank, title, and escrow representatives, as well as other professionals in order to best serve our customers.  We've found some great alternatives that help our clients not to panic because of short sales!
… (0 comments)

 
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Michele Ashbarry

San Diego, CA

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Realty Partners

Address: San Diego, CA

Office Phone: (760) 440-9812

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