short sale: Dead beat Buyer or Dumb Agent (Me)? - 09/12/09 03:44 PM
Ok here's the skinny:
I represented a buyer (No buyer broker agreement in place, this was a "friend") who was in the market for a cheap REO or short sale. I informed her that REO's and short sales could be a lengthy ordeal. Of course she said she had time. She … (11 comments)
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short sale: Top 10 Reasons Why Your Short Sale Will Not Close - 08/21/09 08:56 AM
10.) You sent in multiple offers to the bank. Put yourself in the bank's shoes, what would you do if you got 3,4,5 or 6 offers on your property? That's right you would wait to see if you get more at higher prices. We all know short sale departments at banks … (160 comments)
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short sale: This Article Is A Crock! - 08/14/09 02:28 PM
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=221622
I believe it was very irresponsible of the FAR to post this article. It never mentioned other costs associated with foreclosures, ie: vandalism, electric bills, maintenance costs, water bills, attorneys fees etc. Also banks rarely go after homeowners for the deficiency. They file the judgment but never pursue it because … (6 comments)
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short sale: Housing Boom 2009 - 08/13/09 09:08 PM
If you've tried to buy a property lately you know it hasn't been easy. Multiple offers, offers above list price, cash offers and prices that are so high you know they won’t appraise-are all happening with more and more regularity today. It closely resembles the boom of the early 2000's and … (3 comments)
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short sale: Psst, Hey Obama I can fix this mess. - 02/26/09 05:23 PM
I have an idea.
What if.....the lovely homeowner who has defaulted on their loan is contacted by the bank just prior to foreclosure and offers them a sweetheart deal. It would go something like this:
"Hello Mr. & Mrs. Homeowner, next week we are scheduled to go to auction on your … (16 comments)
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short sale: Let's Join The Union! - 02/26/09 02:32 PM
It's funny how ones past experiences seem to rear their head in other aspects of your life. While a member of a labor group I have learned what good it does as well as the bad. I like that everyone was for the most part equal and no one member got … (83 comments)
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short sale: Short Sales and Option Contracts - 01/30/09 07:40 PM
The rave that seems to be making the rounds in the Real Estate community is the short sale option contract. It goes something like this: A Realtor gets a call from a prospect to list a property for sale which is worth less than owed (Short Sale Scenario). The agent does … (9 comments)
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short sale: Short Sale Expert Lawsuit - 01/06/09 03:01 PM
Recently I received an unsolicited e-mail (spam) from someone named Sally Larabee about a very interesting subject. She claimed that Realtors all over the nation will be getting sued for calling themselves experts in short sales, when in fact they haven’t completed not one. It went on to list how this … (16 comments)
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short sale: Cornering the Market - 11/27/08 02:08 PM
This is a great country we live in. It is abound with opportunities and hope for those who are willing to work hard and stay persistent. What makes me sick though is the continuing separation of the classes. It seems the same poeple keep getting knocked down no matter how hard … (11 comments)
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short sale: To Pay or Not to Pay - 07/08/08 07:57 AM
I have been coming across more and more homeowners who are in a quandary. They are not behind in their mortgage nor in any stage of foreclosure, yet they want to sell their home which has dropped in value and would end up being a short sale. Although more and more … (10 comments)
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short sale: What are your options? - 05/25/08 07:27 AM
Usually when clients call me regarding my services, they have missed a few payments and they are in various states of the foreclosure process. I will try to explain what can be done to avoid foreclosure.
They are only a few options and here is a quick list:
1. Reinstatement-This where the homeowner … (0 comments)
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short sale: Noel Padilla, CDPE - 05/19/08 07:29 AM
Back in March of 2007 I felt compelled to enter the foreclosure market because I quickly realized it would be the only market in my area and most of the country. I hate to say it but my predictions are coming to frutation and I am afraid this is only the beginning.I … (0 comments)
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short sale: What is a Certified Distressed Property Expert (CDPE)? - 05/19/08 07:28 AM
Before we can define what a Certified Distressed Property Expert is, we need to define what a distressed property is. A property can become distressed for a variety of reasons but the most common is a foreclosure. Any situation that has caused a property owner to have difficulty making mortgage payments … (4 comments)
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short sale: What is a Short Sale? - 05/19/08 07:26 AM
The recent rave in the real estate community seems to be the infamous 'Short Sale'. I want to take a little time and briefly explain what a short sale is how it is being used in the real estate community to liquidate distressed properties.A short sale is a phrase used to described … (0 comments)
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short sale: Deficiency Judgment - 05/19/08 07:23 AM
The amount of money owed to a bank after a short sale can attempt to be recovered through a suit known as a deficiency judgment. Equally important to note, if the bank sells the property for less than what was owed or the foreclosure auction nets them less than what was … (0 comments)
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