Ar_home_b_search
 



value: 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)

value: B of A Principal Reductions - 04/01/10 01:36 AM
B of A Principal Reductions. Bank of America announced plans to begin forgiving mortgage loan principals for homeowners who owe more than 120 percent of their home's value and for homeowners who are experiencing expanding negative amortization loans.
B of A promised to offer such homeowners an earned principal forgiveness of up to 30 percent in two stages. First the lender will offer an interest-free forbearance of principal that homeowners can turn into forgiven principal annually over 5 years, as long as the homeowners stay current on their payments.
The forgiveness program can allow homeowners to bring the loan value back … (2 comments)

 
126

Michele Ashbarry

San Diego, CA

More about me…

Realty Partners

Address: San Diego, CA

Office Phone: (760) 440-9812

Email Me



Links

Archives

RSS 2.0 Feed for this blog