foreclosure: Nice, Secluded Fallbrook Home for Sale
- 09/27/12 09:10 AM
Just listed! Nice, secluded property in Fallbrook. Great, panoramic views of the valley. 3br, 2.5 ba, 2,006 sqft, 0.95 acres of useable land. Listed at $350,000. Click the image below to visit our website for more photos of this property, and to schedule your showing. short sale, foreclosure, homes for sale in fallbrook, fallbrook homes, acreage in fallbrook … (1 comments)
foreclosure: Astounding Escondido Homes
- 09/18/12 03:30 AM
Take the time to search through our listings of remarkable homes in Escondido. Homes for sale Escondido, Short Sales Escondido, Homes Escondido, Foreclosure Escondido … (0 comments)
foreclosure: San Marcos CA Homeowners! Stop Collection Calls!! (w/out Bankruptcy)
- 06/23/12 05:19 PM
Homeowners: Legal Loophole Stops All Collection Calls! Complete the fields above or go to WhosOnYourSide.com and you will be immediately sent a copy of the form along with references to this Federal Law which requires your creditors to cease all collection calls. If you have any questions on how to properly complete the form, call 760-870-2305.
What are your options when you owe more than your home is worth?
That's a loaded question... because if you ask an attorney, they may suggest a loan modification or bankruptcy, if those are some services which they provide. If you ask a real estate agent or investor, they may tell you short sale if that is what service they offer.
So how can you know which option is best for … (1 comments)
foreclosure: Listing Agents [w/short sales]--> Learn to LOVE buyer's agents
- 04/13/11 11:12 AM
One of the biggest frustrations in a short sale can actually come from buyers! Let me exlpain why I say that and what can be done so they AREN'T one of the problems with short sales. If I am a buyer's agent and I have 4 offers on 4 different short sales, I should technically retract or put my other offers in back up position once i have one ratified contract, even if it is subject to lender approval. I have, on dozens of occassions, been on the bad end of a buyer with multiple offers 'ratified' subject to lender … (0 comments)
foreclosure: Buyer's agents--> How to HATE short sales less.
- 04/13/11 10:55 AM
One of the biggest frustrations in a short sale can actually come from buyers. Now before you get all upset, let me exlpain why I say that and what can be done so they AREN'T one of the problems with short sales. If I am a buyer's agent and I have 4 offers on 4 different short sales, I should technically retract or put my other offers in back up position once i have one ratified contract, even if it is subject to lender approval. I have, on dozens of occassions, been on the bad end of a buyer with … (0 comments)
Banks would be screwed and lose millions more each quarter if it weren't for real estate agents doing short sales... but they will never tell you that.
Do you realize that banks DON'T have to do short sales? And that they DON'T have to spend millions paying for staff to do short sales?
So why do they staff up and do short sales? It's simple; SHORT SALES MAKE THEM MORE MONEY!
With that said, if all agents would BELIEVE the above facts and were to hold their ground they would get: … (5 comments)
I have been spending the last week working on video and content for the launch of my team's new website (http://NewFutureTeam.com). Once the videos are finished with editing and uploaded (hopefully by Monday) this will be a very thorough resource for Caifornia home owners where the most common questions I get from sellers are answered in a series of videos. Why should you as a homeowner or an agent care what I have to say on the subject?!? Good question, but I will let others tell you why. Go here to listen to agents who I have trained: http://theshortsalegenius.com/raving-fans/ … (2 comments)
foreclosure: Does the FTC MARS Rule apply to Real Estate Agents who do short sales?
- 01/25/11 02:42 PM
Talk to 3 attorneys on the subject and you'll get 3 different opinions. Talk to 3 short sale 'experts' on the topic and you'll get 3 different opinions. ...so, I'll attempt to explain why I believe it is better to be SAFE than SORRY. Many agents 'argue' that based on footnote 126 from page 35 of the FTC MARS Rule that ALL Agents are 'exempt' from the disclosure requirements. My emphasis is in bold and underlined below and my commentary is only the portion that is italicized: “As a general matter, the Final Rule is not intended to apply to … (7 comments)
foreclosure: Updated and Revised HAFA Prediction for 2011 Changes PART 2
- 01/08/11 09:53 AM
Here is the continuation of my previous post on HAFA and what my prediction for 2011 is based on these NEW changes: WARNING, if you don't understand short sales, this may be of little interest to you... but here is why HAFA will not affect more than 20% (probably much less) of all short sales in the US.
1. HAFA still only applies to primary residence homes, but now they don't have to be occupied for up to 12 months before the sale. The first lien has to have been originated prior to 1/1/09. The fact that second home and … (2 comments)
Here are the main changes to the HAFA program: 1. Mortgage payment no longer must be more than 31% of borrower's gross income. 2. Property must have been occupied as primary residence within the last 12 months (previously, had to be owner occupied up until 90 days before the close of escrow). 3. Now first lender can allow $6K to a second lien, regardless of what % of … (3 comments)
foreclosure: HAFA... predictable results
- 01/08/11 07:22 AM
Obviously, HAFA hasn't been such a 'game changer' as my team had predicted over a year ago. Unfortunately, something happened to my 'HAFA prediction' that I posted in April 2010... (luckily it was re-posted here so I could copy and paste it below) so I am posting it again below. If you want my updated prediction on HAFA for 2011 based on the revised guidelines that go into effect 2/1/2011... HERE IT IS.
What the HAFA is going on? - Top 5 Reasons Why HAFA Won't 'Revolutionize' The Industry I am totally surprised, shocked and amazed at how many people … (5 comments)
foreclosure: Want to see ***** Bank's numbers for Foreclosure Sales vs. BPO Value?
- 01/06/11 11:27 AM
Wouldn't you know it... Short Sales, even with an offer 15% below the banks 'BPO' value, will still net them MUCH more than a foreclosure/REO. This is a screen shot from a spreadsheet that was 'accidently' sent to one of my SSG agents by a bank negotiator from a top 10 lender... for the sake of not getting anyone in trouble, this bank shall remain nameless.
Surprisingly, their calculations on another sheet in the same .xls file only shaved 17% from the 'reconciled value' (BPO/Appraisal compared against their internal AVM) to come up with their 'bottom line net' on a … (5 comments)
foreclosure: More Short Sale Tips...
- 02/28/08 03:28 PM
Don't read this blog post without being totally skeptical of what I am about to share. You have to be in this day and age... I know I am. If you really want to learn from someone, find out what they are actually doing to be successful. If they aren't doing what they are teaching, RUN. My pet peeve is listening to coaches, trainers, teachers and 'experts' share their "advice" when they are not even active in the market or business that they profess to be an expert in. Worse yet is the advice they give which is actually just 'theory' or stuff that … (12 comments)
foreclosure: Short Sales explained
- 11/20/07 01:17 PM
I have read a lot of interesting misconceptions regarding short sales over the last few days. I have talked to a lot of investors who can do a much better job of negotiating and closing a short sale than most agents. Why is that? First, investors are usually more dedicated to figuring out how to negotiate short sales with lenders. You see, they benefit to the tune of $20K-$100K for every deal they close or flip. They invest thousands of dollars to learn how to get the lender to take their deal. Notice I say invest. How many agents invest the same … (5 comments)
foreclosure: When will the bleeding end?
- 11/19/07 06:29 AM
It seems that most real estate professionals are asking themselves this question and even more banks and lenders are asking the same thing. I have searched high and low and no one has a crystal ball that works. So, instead of worry about when the down market will end, I have changed my attitude and looked at ways of coping with and thriving in this market. The question I asked myself is, "How can I help the most people in this market and how can I thrive instead of just 'get by' while things are slow?" The answers I have come up with … (3 comments)
Just listed! Nice, secluded property in Fallbrook. Great, panoramic views of the valley. 3br, 2.5 ba, 2,006 sqft, 0.95 acres of useable land. Listed at $350,000. Click the image below to visit our website for more photos of this property, and to schedule your showing. short sale, foreclosure, homes for sale in fallbrook, fallbrook homes, acreage in fallbrook … (1 comments)
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