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property: Overcoming Bank of America's Short Sale Delaying Tactics - 02/18/11 01:13 PM
Bank of America Realtor defending short sale
This week, amidst all the other gut-wrenching challenges presented by today's short sale real estate, I discovered yet another B of A sneaky delaying tactic that they use to prevent short sales from operating in a timely manner.
This is a particularly FRUSTRATING tactic - and I'm sure they delight in using it. Here is the realtor, uploading documents as requested on Equator. Pictures must be in jpg format. Written documents must be in PDF format. No problem, right? WRONG!!!!!!!!!
I uploaded all the pertinent documents 3 different times, and … (3 comments)
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property: Short Sales - Same Old, Same Old - 01/20/11 11:54 AM
Due to the current economy, I, like most Realtors, have had to deal mainly with short sales. I kee reading all these hopeful articles detailing how much the short sale process has improved when, in reality, it is barely better than it was a year ago. Sure, B of A has started their Equator.com, and Chase actually lets you talk to real people instead of just emails. But Wells Fargo certainly hasn't developed any better customer service - most of the negotiators I've dealt with only give you an email or, at best, a fax number by which to contact … (3 comments)
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property: GETTING SHORT SALE APPROVAL-AFTER ONLY SEVEN MONTHS! - 11/15/10 08:11 PM
Wow! We FINALLY got approval today on a short sale we've been working on for over SEVEN MONTHS! Thus far, we've lost three buyers, had to re-start the process four times, and then ended up telling the negotiator to tell the bank to go ahead and take the blasted property back - we were THAT tired of dealing with the horrific process that we have to go through to get short sale approval (yes folks, this was a B of A deal). You all know the drill. At the end of seven long months, the bank came back and said that … (4 comments)
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property: SHOWING PROPERTY IN THE RAIN - 10/22/10 05:36 PM
Showing property in the rain - can it be successful or just a wet, bedraggled mess? Depends on you and your buyers! Selling real estate in southern California means that the weather is mostly sunny and nearly all showings are done in a pleasant climate. We are so unaccustomed to rain that buyers often cancel their showings at the first sign of inclement weather. So how does a good agent overcome this problem? I always bring a few golf-sized umbrellas, wear appropriate boots, and turn my car mats upside down so that the rain and mud won't ruin my car's flooring. I also try … (3 comments)
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property: QUESTIONS DIVORCING COUPLES ASK US ABOUT DIVIDING THEIR REAL PROPERTY - 06/29/10 05:47 PM
Questions DIvorcing Couples Ask Us About Dividing Their Real Property.
My business partner and I are Certified Real Estate Collaborative Specialists-Divorce (RCS-D) Realtors. This is a specialized certification that is recognized by CAR (California Assocation of Realtors) and NAR (National Association of Realtors). We specialize in assisting divorcing couples in the division of their real property.
Most divorcing couples have no definitive knowledge of the legal aspects of dividing their homes. As such, they ask us a myriad of questions about the issues of divorce and real property. Here are some examples of the questions they ask:
"Do we have to … (0 comments)
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property: Unreasonable Appraisal Issues During Short Sales - 06/29/10 02:39 PM
Every once in a while, an appraisal issue comes up that leaves you scratching your head in puzzlement. On our latest short sale, the appraiser clearly didn't want to bring the appraised value of the property in at the asking price (and, incidentally, the price the buyer was willing to pay). Even though I provided excellent comps that sold well above the asking price of my listing, the appraiser was somewhat irritable and rushed through his evaluation of the property.
When the appraisal came back, wonder of wonders - it came in $5,000.00 less than the asking price. And, to make matters … (1 comments)
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property: How Important Are Home Inspections When Divorcing Couples Are Selling Their Home? - 06/26/10 02:56 PM
How important are home inspections to a divorcing couple who are selling their home? Well, if the property is being split as part of the couples' assets, or if one of the spouses wants to keep the house, then a home inspection is vital.
The divorcing couple needs to know the "true value" of the home - not just the appraised value. An appraiser does not do a physical inspection of the property, and therefore cannot tell the sellers exactly what is wrong with the property, nor how much the repairs will cost.
If the couple intends to sell the … (0 comments)
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Michele Ashbarry
San Diego,
CA
More about me…
Realty Partners
Address: San Diego, CA
Office Phone: (760) 440-9812
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