| |
short sale: Protect Your Move! - 05/05/11 11:55 PM
The traditional home-buying season is in full swing, meaning many people will be packing boxes and looking for companies to help make the move as painless as possible. The American Moving and Storage Association has tips to help with a smooth move.
Customers making interstate moves should check whether the moving company is registered as required with the Federal Motor Carrier Administration, part of the US Department of Transportation, at www.protectyourmove.gov .
Consumers should insist on receiving in-person estimates rather than over the phone estimates. The movers can say the homeowner has more belongings than they were told about. By … (0 comments)
|
short sale: 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)
|
short sale: 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)
|
short sale: 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)
|
short sale: Keeping Your Home in California - 01/18/11 07:10 PM
KEEPING YOUR HOME IN CALIFORNIA
The U.S. Treasury Department has approved CalHFA's plan to use nearly $2 billion in federal funding to help California families struggling to pay their mortgages.
The Keep Your Home California programs are focused on assisting low and moderate income families stay in their homes, when possible, and leveraging additional contributions from mortgage servicers.
Primary objectives for the Keep Your Home California programs include:
Preserving homeownership for low and moderate income homeowners in California by reducing the number of delinquencies and preventing avoidable foreclosures;
Assisting in the stabilization of California communities.
Each of the Keep Your … (1 comments)
|
short sale: 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)
|
short sale: 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)
|
short sale: 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)
|
short sale: SELLING HORSE PROPERTIES - 07/10/10 02:21 AM
Selling Horse Properties
I have been selling horse properties for many years, and it never ceases to amaze me how grateful my buyers are that I actually know about horses and their needs. I own a couple of terrific horses myself, so I'm truly familiar with what it takes to have a horse on your property.
Apparently, many agents out there try to sell property to horse owners without even knowing whether or not the property is zoned for keeping horses, much less knowing what sort of accommodations horses actually need.
Knowing what horses need in a property is a real learning experience. … (4 comments)
|
short sale: 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)
|
short sale: Mortgage Balance Reduction Details Being Released - 03/30/10 03:21 PM
According to several articles I recently read, the the new Obama Administrations Mortgage Balance Forgiveness Program will not be available to all homeowners in all markets. This begs the question of how many homeowners WILL actually qualify? And the investors (banks) still have to agree to participate. So how many lenders will really do this?
Qualifications for the program: It will write down the 1st lien prinicpal to 97.75% of the home's value. Some homeowners will have their negative equity wiped out to the point where they in fact have some equity! The 1st and 2nd will be 115% LTV. Section 14B in … (1 comments)
|
short sale: What To Do When A Lender Doesn't Return Your Call Regarding A Short Sale - 03/28/10 06:55 PM
I recently read in the March/April edition of the California Real Estate Magazine what an agent did when she couldn't get a return phone call from a lender during short sale negotiations. She would start calling around the office building where her contact worked, because she knew that large firms usually have phone numbers that are listed in sequential order. If her contact's number was 5607 and she couldn't get a call back, she would dial 5606, 5605, etc. until she reached someone in the same department who could help her.
I have had this same problem on several occasions, so … (1 comments)
|
|
|
|
|
|
Michele Ashbarry
San Diego,
CA
More about me…
Realty Partners
Address: San Diego, CA
Office Phone: (760) 440-9812
Email Me
 Links
Archives
|
;)
;)
