short sale in charlotte: Charlotte Short Sale Homes over $400K in value...is a snap! - 03/17/11 04:03 PM
Luxury Short Sales in Charlotte Sell Quickly....
I know what you are thinking but if you have a primary home mortgaged under $2Million and you are behind on payments, have a hardship or in danger of defaulting...think about a short sale...PRETTY EASY STUFF....
Every property that we have sold over the $350K mark...with 2 liens or less..has worked out...and we have closed dozens over this price point...WHY DO THEY SELL SO EASILY YOU ASK? Well....here is my theory...
1-usually no M/I
2-usually the folks make no where near the money they did when they obtained the loan and therefore, just … (0 comments)
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short sale in charlotte: Finding A Specific Niche for Today's Market to stay Busy! - 02/23/11 02:31 PM
Finding a specific corner of the market and developing it to be "Your Own" is something that I believe has helped keep me from being one of those "stagnant Realtor" just hoping the market will get better...
In the good ol' days(late 1990's-2006ish) all you needed was a heartbeat to be able to sell a property...now, you need more. "Years in the business" & "Knowing the area" only gets you so far these days if you dont have the EXPERIENCE & TECHNOLOGY ADVANCEMENTS that are needed in todays markets.
Whether it is REO's, Luxury, 1st Time Homebuyers, Golf Community, Waterfront, Condo or Short … (1 comments)
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short sale in charlotte: Great Pre-Foreclosure Home in Huntersville, NC Community - 04/08/10 10:40 AM
SEARCH THE MOST UPDATED CHARLOTTE AREA LISTINGS AVAILABLE
SEARCH NOW FOR THE MOST UPDATED CHARLOTTE AREA LISTINGS AVAILABLE
Charlotte Multiple Listings Search
LET ME HELP FIND YOU YOUR NEXT HOME!
Melissa Polce mjpolce@kw.com 704-450-4335
www.MyRelocation2Charlotte.com www.ExclusiveHomesofCharlotte.com
www.TheShortSaleAgents.com
… (0 comments)
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short sale in charlotte: Just Because You Are A Good Agent Does Not Mean You Should Do Short Sales - 03/22/10 03:44 PM
You don't have a be a good agent at EVERYTHING...and let me explain, Sometimes agents that have "BEEN IN THE BUSINESS" for a long time tend to think they can handle it all...new buyers, retiring buyer, All Re-Sales, New Construction, High-end Luxury...and MAYBE SO...BUT;
If you don't have the know-how, the patience, the neverending NEGOTIATING skills(bank to bank and back to seller), if you don't want to become a Mortgage Underwriter...
SHORT SALES AREN'T FOR YOU....
Please remember that there are some of us who want to do nothing else at the time, I personally love being able to make that deal with … (10 comments)
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short sale in charlotte: Bank of America Short Sales & The New CEO - 02/23/10 07:46 AM
SIMPLY PUT...BANK OF AMERICA SUCKS AT SHORT SALES....
LETS ALL EMAIL THE NEW CEO
brian.t.moynihan@bankofamerica.com
Wait, not to complain, but to voice that we could and should get a panel of agents and BofA people together on a Task Force, what can be done to expedite and run more smoothly the process? What can we accomplish TOGETHER that will yield information and systems & portals to work more efficiently...
WHAT DO YOU THINK? I WILL SEND THE FIRST EMAIL TODAY AND POST TOMORROW...ARE YOU IN?
My latest call came yesterday from a nice agent out of Boston, telling me her … (10 comments)
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short sale in charlotte: Choosing A Short Sale Agent in Charlotte, NC www.theshortsaleagents.com - 02/05/10 08:42 AM
DON'T WAIT CALL US TODAY FOR INFORMATION ON THE SHORT SALE PROCESS
Choosing the right Short Sale Realtor
A Short Sale requires a Realtor, period. You need the resources that only a Realtor can provide and you need the protection that only a licensed real estate agent will offer. Finding the right Short Sale Realtor can be tough, these days everyone claims to be a "the best man for the job".
What does Short Sale mean?A short sale simply means the amount of the existing mortgage is greater than the sales price of the home. A short sale would result. … (4 comments)
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short sale in charlotte: If You Are thinking of "Walking Away" from your home...CALL US, WE CAN HELP! - 01/12/10 01:55 PM
Changes coming to the Short Sale and Deed-in-Lieu process through Making Home Affordable
On November 30 2009, the Treasury Department released it's guidelines to improve and standardize the short sale process called "Home Affordable Foreclosure Alternatives - Short Sale and Deed-in-Lieu of Foreclosure". http://makinghomeaffordable.gov/
This Making Home Affordable " program does not go into effect until April 5, 2010 and expires December 31, 2012. The short sale and deed-in-lieu standards only apply to first mortgages where the investor is Freddie Mac or Fannie Mae. Other investors may opt-in to the program but are not required to. (Ok, behind every mortgage is … (2 comments)
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short sale in charlotte: From Your Realtor: The Short Sale Facts - 01/11/10 01:00 PM
SHORT SALE FACTS!
Why would my Lender want to allow a Short Sale to help me? The reason is simple; a short sale often has a better return on investment to the lender than a foreclosure. The average savings a lender sees from a short sale property compared with a foreclosure property is $14,000. Not only does the lender receive this savings, they are also paid on the loan 6 months earlier than in the foreclosure process. This allows them to collect and cash-out earlier than they would in a foreclosure. Plus, lenders spend a great deal of money … (6 comments)
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short sale in charlotte: Government Unveils New Short Sale Rules...FINALLY - 12/03/09 08:22 AM
Gov't Unveils New Short Sale Rules
It's here, the much anticipated plan from the Treasury Department on how to streamline short sales was announced on Monday, November 30th. Since the Making Home Affordable program has been a miserable failure thus far, the Obama administration has turned their attention from loan modifications to short sales as a way to solve the real estate debocle in America. Here is what you need to know about the changes that have been enacted:
1. Who Qualifies: Like all Gov't programs, there are stipulations...
The property must be the homeowner's principal residence. The homeowner … (8 comments)
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short sale in charlotte: Having To Tell A Seller They Will Be "Short" to Sell - 12/02/09 08:18 AM
The Situation Becoming More Common on Listing Appointments...
What was worth $500,000 when you bought it a couple years ago is only worth $400,000 today... when you modified your loan from 7% to 3%, no one told you that it was a bad decision if you really wanted to sell in the next 2-5 years...
Knowing to put the sellers at ease is key because they start doubting the home & information... this has nothing to do with their choice of decor or purchase of home
It is just hard for people to grasp that "This is the Market" and … (8 comments)
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short sale in charlotte: Question...Need Help On BofA Short Sale... - 11/30/09 03:40 PM
As we all know, most 1st offers on Short Sales dont fly...and can easily be adjusted and turned back around in 10 days-20 days max for a newer offer...BofA told me today up to 90 business days...is this the protocol you are finding as well or is there a point where you can drop one offer out and stick another offer back in like other banks...please offer direction...Yes, I know they are horrible but I refuse to give up on these...It's like Samson & Goliath! Thanks Guys!!!
SEARCH THE MOST UPDATED CHARLOTTE AREA LISTINGS AVAILABLE
SEARCH NOW FOR … (11 comments)
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short sale in charlotte: REO Trans for Short Sales? - 11/16/09 01:31 PM
Need direction...have a Bank of America Short Sale in process and they called me...Good Right? Well...they gave me the website REOTrans.com to sign in as an agent...all well and good but it does not link me with my current offer...mind you I am the listing agent on the Short Sale...it did however give me access and let me list it on the site, I have offers in on the property and want to get this baby off my books....anyone have any calls on BofA properties, specifically Short Sales?
Thanks-Melissa
www.TheShortSaleAgents.com
Melissa Polce, 704-450-4335 mjpolce@kw.com
… (6 comments)
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short sale in charlotte: Pre-Foreclosure & Short Sale HUD Guidelines - 11/12/09 08:59 AM
HUD PRE-FORECLOSURE & SHORT SALES PROGRAM
The Preforeclosure Sale Program allows a Mortgagor in default to sell his or her home and use
the sales proceeds to satisfy the mortgage debt, even if the proceeds are less than the amount
owed. Ref: Mortgagee Letters 2003-19 and 2008-43.
FACTS
Outright sale of mortgaged property to a third party and must be an "arms length"
transaction.
Outstanding indebtedness includes; unpaid principal balance + delinquent interest +
Partial Claim (if applicable).
HUD will pay up to $1,000 incentive to the Mortgagor if closed within 3 months from the
date of … (3 comments)
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short sale in charlotte: Short Sales, Bank of America Style - 10/07/09 11:06 AM
It is not even noon here, but if I had a shot of brandy in front of me...make it tequilla...they would both be gone...
WHAT YOU SAY!
She must have just done her update on her pending Short Sale Offers with Bank Of America.
After 4 calls of mishandling, hanging up and forever being put on hold...the 5th call was a charm...UNTIL THEY COULD NOT FIND MY 3RD PARTY AUTH. DATED 4-12-2009
As I started to throw a Mini Trantrum, she decided to help me...I MEAN I WAS CALLING FOR A FOLLOW UP, WHO IS MY SELLER'S NEGOTIATOR, HAS THE BPO BEEN … (5 comments)
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short sale in charlotte: Agents Have You Seen This? Wachovia Short Sale Form, 5 Day Approvals, 32 Day Closings? - 10/05/09 02:40 PM
Just like the Lockness Monster & Dracula...I have only heard about this Form's Existence....Has Anyone Used It or Seen It????
...And, How Long Before Wells Starts Using It? Let Me Know Short Sale Agents Out There...
See Article Below...
Wachovia Short Sale Streamlined 32 Day To Close Program
Check this out...Wachovia is setting the benchmark for the Short Sale process...the days of 30, 60, 90 days waiting for a short sale approval are over.
"Wachovia Short Sale"...as it's branded...was rolled out in Northern California and has been a huge success. Wachovia is partnering with Real Estate Agents to expedite … (6 comments)
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short sale in charlotte: Dear Seller; Think Long & Hard Before You Reject That 1st Offer - 10/05/09 10:51 AM
9x's out of 10, Your First Offer Will Be Your Best Offer...
And In This Market, That First Offer May Be All You Ever Get!!
A tough market it is...if you are one of the lucky few who are trying to sell your home and not behind on a mortgage, Congrats... Now: Listen In, Listen Up...Hear What Most Of Us In The Business Are Trying To Tell You...
If you are in the market of buying a home you know you have the pick of the litter with what is on the market in most locations … (6 comments)
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short sale in charlotte: Agents: Are Your Short Sale Showings Slowing Down For You? - 10/01/09 12:50 PM
Showings On Your Short sale Listings...
It seems that when I have looked at my listings and other Short Sale listings $300k and under, I am seeing a trend of slowing down in the showings...my thought is, 1st Time Homebuyer Incentive ending on November 30th...most agents will tell their buyers that Short Sales take too much time... 4-12+ weeks to complete that I feel like these are the last ones shown lately. I am told all my clients that with the Proposed Extension will come the showings back to full swing but I am wondering...Anyone Else Feeling This?
I … (10 comments)
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short sale in charlotte: I NEED HELP! Short Sale Offer In, Property Just Foreclosed - 09/22/09 04:03 PM
Help!
I have a situation and need expertise from my fellow Short Sale Agents out there!!...My fellow colleague and myself have a Short Sale with 2 lenders that recently went to foreclosure, it is in it's 10 day period but we have an offer on the table, this offer would net higher than what Chase bought it back for...we have the fax numbers to get it back to Chase and Chase said we could possibly get it back to close it...we are also trying to get it in the hands of the Paralegal who is in charge of this foreclosed file for … (7 comments)
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short sale in charlotte: From Your Realtor: Short Sale & Mortgage Fraud, Hire A Good Realtor - 09/16/09 03:36 PM
www.TheShortSaleAgents.com
Short Sale
Explaining "Short Sale":
When a home owner is attempting to sell their home and the loan amount is greater than the value of the real estate, the homeowner must ask the lender if it will accept less than the amount owed.
OR
At the time of sale there will be a shortage of funds to pay off the loan / "Short-Sale"
Explanation:
A home that has less value than the amount owing can happen for a variety of reasons including:
decreasing property values, if the original loan was for more than the home was worth during the … (0 comments)
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short sale in charlotte: A Seller Needs to Be Committed To Selling A Short Sale - 09/06/09 09:27 AM
If you remember last week, I had a seller who was fortunate enough to get an approval from his bank to wipe off $95k in current loan amount to sell his home...the guy then turns around and takes every appliance, fan, garage door...etc, out of his home...Me...I was ready to strangle him, the bank did let me lower the price on the home an immediate $25k and now we have 2 offers...still...he could have really screwed up his chances...if it were me, I would have foreclosed in frustration...NOT ALL BANKS ON SHORT SALES ARE BAD...
And now...I should have known I was going … (8 comments)
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