short sales: Loan Mods, Short Sales, Foreclosures ... There Ought to be a Better Way - 11/30/09 10:49 AM
This morning, I ran across two articles with conflicting messages, and not surprisingly, both missed the point.
Professor advises that underwater homeowners should walk away from their homes and their mortgages
The White House plans to plans to step up pressure on lenders to help homeowners
In the first article, Brent … (2 comments)
|
short sales: Another Orlando House Bites the Foreclosure Dust - Updated 8/26/09 - 08/26/09 09:23 AM
Foreclosures don’t have to happen. When homeowners face difficult financial times, Short Sales are often the best way out.
As an agent, I routinely check the MLS for expired and withdrawn listings. Often I find houses just like the one below ... houses headed for foreclosure because the homeowner didn’t … (0 comments)
|
short sales: Another Orlando House Bites the Dust - 08/10/09 08:34 AM
Foreclosures don’t have to happen. When homeowners face difficult financial times, Short Sales are often the best way out.
As an agent, I routinely check the MLS for expired and withdrawn listings. Often I find houses just like the one below ... houses headed for foreclosure because the homeowner didn’t … (0 comments)
|
short sales: Homeowners Under House Arrest - 07/26/09 09:27 AM
To write a recent post Do You Have 10 Years to Wait Around for the Housing Recovery, I put on my analytical hat to illustrate the future for Orlando’s real estate market.
Anyone reading the post or studying the accompanying graph — which showed that house prices in the Orlando … (110 comments)
|
short sales: People Facing Foreclosure Don’t Have Time to Wait - 07/04/09 08:08 AM
So why do some real estate agents allow Short Sale listings to hang in limbo with little or no adjustments to listing price?
On a daily basis, I study listings in the Orlando area. Every day I see Short Sale listings being served poorly by their listing agents. So poorly and … (105 comments)
|
short sales: Short Sales and The Full Monty - 06/28/09 03:08 PM
According to the Urban Dictionary, ‘The Full Monty’ doesn’t mean stripping or taking off all your clothes. It means doing ‘the whole thing’ or ‘going the whole way’ or ‘not stopping at any point’.
Or, in the words of my father, “If you’re going to do something, do it right … (0 comments)
|
short sales: Foreclosure is a Mark of Failure BUT SELLING YOUR HOUSE AS A SHORT SALE ISN’T! - 06/05/09 07:59 AM
Many think that selling their house as a Short Sale is mark of failure. Quite the opposite.
Foreclosure is a mark of failure.
Walking away from responsibilities—and convincing yourself that you’re leaving your problems behind, too—is a mark of failure.
Stripping your home of everything of value (even if you … (7 comments)
|
short sales: Don't Sell the SHORT SALE Short - 05/22/09 07:53 AM
How to handle pre-foreclosure and short sale properties is still a mystery to many real estate agents. We certainly didn’t learn about short sales in real estate school, and when the foreclosure crisis reared its ugly head, many of us buried our own heads in the sand.
Short sales are … (19 comments)
|
short sales: The Black Hole of Foreclosure - 05/12/09 05:58 AM
Innocent American Homeowners ... yes, you ... and you ... and you, too ... are being swept into the Black Hole of Foreclosure ... or soon will be.
Because the foreclosure crisis hasn’t shown any signs of slowing down or ‘working out of the system’, foreclosure may well come to … (45 comments)
|
short sales: The Foreclosure Cancer is Spreading in Orlando, Florida - 05/03/09 07:47 PM
When the foreclosure crisis first became evident, most homeowners—in fact, most real estate agents—convinced themselves that this would only involve isolated cases of bad loans and imprudent debt. That foreclosure and short sales would be a short-lived phenomenon. That it was, in reality, merely a cyclical down market, perhaps slightly worse, … (0 comments)
|
short sales: Is Your East Orlando Neighbor Facing Foreclosure? - 04/21/09 06:38 PM
Look to the left. Look to the right. Look across the street. Chances are you know someone who’s going through foreclosure.
Maybe you don’t have to look any closer than your own front door.
If this is you, you have lots of company. Take a look at the houses … (0 comments)
|
short sales: Residential Re-Sales in the Waterford Subdivisions of East Orlando, FL - 04/20/09 03:18 PM
As Avalon Park goes, so goes Waterford.
Please refer to my post regarding The Real Estate Crash in Avalon Park for details.
The unincorporated area of East Orlando officially got its start with Waterford Lakes. Actually, it began with its predecessor Huckleberry Fields, but the real popularity of the … (0 comments)
|
short sales: House Depreciation in Oviedo FL Not as Bad as Other Parts of Orlando - 04/02/09 08:26 AM
The term Distressed Property is often used to describe homes that are going through the various stages of Foreclosure and are being sold at steeply discounted prices. Obviously, Distressed Properties have a damaging effect on the market value of all the other homes in a given neighborhood or community.Click here to … (1 comments)
|
short sales: Short Sales are Here to Stay - 04/01/09 08:50 AM
We thought, when the term ‘Short Sale’ reared its ugly head two years ago, it would be a passing phenomenon. Then we thought that it would be ‘short-lived’. Transient. Like a mosquito bite or the 7-year locust.After that, we fervently hoped it would be a dull lull in our otherwise busy … (0 comments)
|
short sales: Get Out from Under the Foreclosure Axe in Oviedo FL - 03/30/09 08:33 AM
So it looks like your house is in foreclosure. Worse yet, because the current market value of your house is worth less than the amount you owe on your mortgage loan, getting out from under the financial burdens that have crashed down on you seems just about impossible. It ISN’T impossible, … (2 comments)
|
short sales: Fat Cats and Working Stiffs - How the Housing Crisis Has Affected Orlando House Prices - 03/19/09 06:09 PM
No doubt you’ve heard about the financial guru on CNBC who ranted about President Obama “promoting (the) bad behavior” of deadbeats homeowners who purchased houses with an extra bathroom and now need government help.
He was referring to the new Making Home Affordable (MHA) program. He should have … (0 comments)
|
short sales: I Want to Know Why Homeowners Facing Foreclosure DON’T Seek Help - 02/23/09 01:53 PM
Recently, I discovered a surprising—and disturbing—trend.
It all began with my neighbors. These are great people, nice people, smart people with whom I have conversed often. I care about them and only wish them the very best.
On a routine search of the MLS database of my neighborhood, however, I … (3 comments)
|
short sales: Is Foreclosure Knocking on Your Door? 3 Things You Need to Know About Surviving a Short Sale. - 02/12/09 01:05 PM
Selling your house under ordinary circumstances is always life disrupting, nerve-wracking, and full of stops and starts.
Now multiply the experience by 1000 and you roughly have an idea of what mental and emotional costs are required to sell your house as a Short Sale.
By being prepared for the … (0 comments)
|
short sales: Community Watch - Live Oak Reserve in Oviedo - 02/07/09 05:48 PM
The sprawling subdivision of Live Oak Reserve was developed by Engle Homes. Properties offer large square footage, nice lots (many ¼ - ½ acre with conservation and pond views), and complete community amenities, including tennis, parks, and an aquatic/recreation center. Driveway pavers, lush landscaping, preserved greenbelt areas, and innovative architecture … (0 comments)
|
short sales: Special Considerations When Purchasing Orlando Real Estate as a Foreign National - 01/30/09 02:24 PM
Generally, foreign national do not incur any additional costs for purchasing and owning property than do U.S. citizens or legal residents. However, a few special rules apply, and you should be aware of their financial impact.
Obtaining a Mortgage Loan
Higher standards are applied to Foreign Nationals who wish to finance … (0 comments)
|
;)
;)
