Ar_home_b_search
 



short sales: Bank of America principal reduction- too little, too late? - 03/24/10 09:35 PM
It took a lawsuit for Bank of America to swing into action but is too little too late?? All the big announcements in the media and people getting excited that their bank is finally going to help but out of the millions of troubled loans on their file, they are going to help only 45,000 homeowners... are you kidding me?? Pulling the wool over the eyes is a forte with banks in our country.Bank of America is introducing enhancements to its 2008 National Homeowership retention Program.Supposedly,innovative program enhancements, such as “earned principal forgiveness”, apparently address "the most critical concerns of their … (6 comments)

short sales: Tax Implications of Short Sales and Foreclosures - 01/26/10 03:18 PM
When a lender agrees to accept less for a property than is actually owed on a property this is called a short sale. When the lender agrees to accept the short sale they have a few options. They can choose to accept the loss, as a tax write off for themselves. Lenders offen do this when they have large profit quarters. When lenders are not profitable they seek judgments and they want the seller to pay the tax burden. When the lender decides that they do not want the tax write off themselves they agree to the short sale and they … (5 comments)

short sales: Just when I was getting happy... - 12/10/09 06:20 PM
I knew it, I knew it. I should have kept my mouth shut in the fear of getting a transaction jinxed but it did happen. I need an attorney who can go after Indymac, what they did was stupid and heinous and I am still shaking with anger and disbelief.I have been representing a buyer on a short sale in Windemere.
Buyer has been waiting for 5 months.  We had an approval from the first on oct 21st. Then the struggle begins with national city on the second. No answer since October from the second lien holder In this time frame … (7 comments)

short sales: Is it too much to ask for some R.E.S.P.E.C.T?? - 07/07/09 12:59 AM
                The week begins with a 5 month saga nearing an end. My buyer, who has been seeing homes for almost a year with me, is seeing the light at the end of dark tunnel called Short sales.Want to know the scoop on how interesting our lives are as Realtors? Read on..My buyers met me last year at an open house in August and came referred to me by a past client. They had very specific needs- they needed to find a house in their "budget", the house had to be compliant with Vaastu and also had to be compatible with … (4 comments)

short sales: Are you a Wachovia loan holder? - 04/10/09 01:20 AM
Yes, I love blogging but only when I have a point to make or with something substantial and I am excited today.If your mortgage holder is Wachovia or their affiliates and you are in a hardship sitation, you have a solution now and do not ignore it.Just got out of a meeting with Wachovia an hour ago and they amazed me at their willingness to negotiate a Short Sale.If you need to short sell your home, please do not wait another minute.If you have been served a Notice of Default or are very close to foreclosure, you can still be helped.If you fall … (3 comments)

 
Img_1102 Rainmaker_large

Rama Mehra,Call 925.235.0376 Certified Pre Foreclosure Specialist

San Ramon, CA

More about me…

Keller Williams Realty

Address: 760 Camino Ramon, Ste 200, Danville, CA, 94526

Office Phone: (925) 855-8333

Cell Phone: (925) 698-1815

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog