short sale: Short Sales & Credit Card Debt - Picture it!
- 03/09/12 09:18 AM
No one ever saw it coming! The Sellers were moot until Escrow/Title discovered a NEW LIEN!!! "Picture it" Sophia Petrillo, a Golden Girl would say, except instead of Sicily 1922 - it was San Francisco 2012 - There was pepperoni all over the place! -
http://www.youtube.com/watch?v=9lH9_rbDQF0 You wouldn't have believed it! The preliminary title report showed three liens and we jumped over all three hurdles - only to trip a few paces before finishing and closing our latest San Francisco North Panhandle Multi-Unit Short Sale listing this year... (Ask and we'll give you the address - multiple offers no less!) Like a mine … (2 comments)
short sale: How a Financial Pro Lost His Home - An American Story
- 11/09/11 04:30 AM
How a Financial Pro Lost His Home - An American Story This morning I picked up the NY Times, skimming over the headlines I found this article to be a worthwhile read. It exemplifies what happened to so many people who thought they were doing the right thing. A great read on How a Financial Planner Lost His House -- Short sale stories come from all walks of life... After a client makes their decision to short sale, we become their best ally in helping them to unravel a piece of their financial entanglement. Short sales are not for the faint … (1 comments)
short sale: Diamond Heights Village - San Francisco - Twin Peaks
- 03/05/11 07:39 PM
DIAMOND HEIGHTS VILLAGE Condominiums, Clubhouse, Gym, Spa, Swimming Pool and more! Resort style living in the center of San Francisco. Steps away from MUNI, Grocery shopping;(Diamond Heights Safeway), US Post Office, a bank (Bank of America,) drugstore (Walgreen's,) two café's, professional services, several public parks and tennis courts make this a premier location. In the heart of San Francisco, perched high a top a hill surrounded by a manicured private park like setting. Be surprised The floor plans range from two bedrooms, one bedroom + to studio units. A planned development which has stood the test of time … (1 comments)
Equator deserves a Lump of Coal in it's Stocking this Holiday! I'm not impressed with Equator and am recommending to any asset manager who is listening along with any representative, senator or business leader NOT TO GO NEAR THIS COMMERCIAL SITE. The system asks AGENTS to do INCREASINGLY more 'clerical' tasks. That would be fine if we had nothing else to do, BUT SINCE WE ARE REALLY TRYING TO MARKET THE PROPERTY FOR THE BEST PRICE it distracts us from our real job! (I subscribed to this site for a few years and dumped money here - not one BPO or REO and now they … (1 comments)
short sale: So How Long is a Short Sale?
- 08/17/10 06:51 AM
So How Long is a Short Sale? This is a question I keep hearing from potential buyers and seller who stare at me in disbelief... Especially at the beginning of the process. Our 4150 17th Street #22 listing became a short sale as a result of this week's price reduction. It has a few more complications including HOA assessements which will make this a bit more complex. Over the past weekend we've faxed our info packet into the lender and will be following up until a negotiator is assigned. I'll see if it can move any faster than the last … (6 comments)
This is an important nuance to anyone who may be underwater on their mortgage debt. We've had three conversations with potential new clients over the past three weeks touching upon this important nuance about a refinanced mortgage in California. The California Association of Realtors sponsored SB1178 bill to at least try to take away the sting for those fiscally responsible individuals who refinanced their loan for all the right reasons to take advantage of some of the best interest rates - yet - buried somewhere in the fine print of their loan changed in terms from non-recourse to recourse... We'll … (1 comments)
short sale: Short Sale Approved - Buyer Walks - Why short sales make us crazy...
- 06/29/10 06:05 AM
8300 Oceanview #202 - 2 Bedroom 2 Bath Condo w/Parking $325,000Lender Says YES to Short Sale and is Ready to Close...8300 Oceanview #202 - Lender Says YES to Short Sale and is Ready to Close...The buyer on this one has taken a walk and we now have a short window of time to get it closed!Lender negotiations are FINISHED! - Negotiator says; "MAKE IT HAPPEN and let's get it done!"This is the second buyer who has walked while waiting for the bank... Countless hours of effort; advertising, promoting, showing, being on hold, submitting paperwork and resubmitting again as the lender loses its own paperwork... All … (6 comments)
short sale: Looking for a Short Sale??? - We're a Full Service Agency - HAFA - HAMP - HUD-1
- 03/30/10 02:49 PM
8300 Oceanview #202, San Francisco, CA 94132 2 Br 2 Ba Condo w/ Parking 1071 sq ft = $325,000 - BPO in place and lender moving forward... On the way back from Stockton today, Oliver and I talked all the way home about our the presentation on the new SFR designation = Short Sale and Foreclosure Resource. A new NAR (National Association of Realtors) certification and designation program, sponsored by our local CRS (Certified Residential Specialist) Chapter which does a darn good job in presenting timely topics and programs. Prior to today's attendance, Oliver Burgelman and I had successfully assisted our clients in buying and in selling six short sales … (0 comments)
short sale: Short Sale Saga Continues... Victorian Condo in the Castro
- 09/05/09 06:05 AM
Victorian Condo in the Castro $549,000 1+ Bedroom, 1 Bath, Fireplace * * NEWS FLASH * * APPRAISAL IN - and the Beat goes on... Waiting for Bank Approval The short sale saga continues - 5 weeks of waiting for our SunTrust Loss Mitigator to respond to our many calls, faxes and emails. We've worked with Wells Fargo Bank and Bank of America before and thought SunTrust might be easier... Hmmm... Seems to be the same in all cases. Hurry up and wait. Be persistent, patient and polite. The bank is lucky to have a great offer and another in backup. But what the heck … (0 comments)
It's taken several months for two lenders involved in this short sale to be 'whispered' to so they can approve this sale for my client. We reached a breaking point in frustration, learning that even within the same lending institution there are different procedures and little communication between departments. It was through close listening, asking questions and 'whispering' I soon discovered process and procedure which made even the lenders lives easier and my job more efficient in handling this sale. The sweet revelry we enjoyed of receiving our conditional approval letter was shortlived! We had only waited 10 weeks to have the sweet satisfaction of … (2 comments)
No one ever saw it coming!
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