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Blog entries tagged with "bank":
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers
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Please join our Tucson Bank Owned Properties, Foreclosure & REO Bus Tour - August 9 
I had a buyer offer $360,000 4 months ago for 1706 Calle Platico in Oceanside's Rancho Del Oro neighborhood. We were beat out one month later by an offer at $378,000. Today the bank lists the home as an REO at an asking price of $325,000. Will multiple offers drive the price … (0 comments)
Have you run into a short sale yet? If not, it's just a matter of time. Sellers who absolutely need to sell due to a divorce, transfer, death, pre-foreclosure, or other reason but who owe more than they can sell the house for will need to go through a short sale. 
What comes around goes around, and bad news for sellers has a flip side for buyers. Those ready to make a purchase can take advantage of some great deals, including "REO" properties. If you're unfamiliar with that term, it simply stands for "Real Estate Owned."
About Remington Financial Group 
Are You Tired Of Gambling Your Money In The Crap Shoot That Is The Stock Market?
With all of the news about foreclosures in the news likely you have also heard the term " Short Sale". What is it?
TALK TO ME BEFORE BUYING IN SILICON VALLEY, THERE ARE THINGS YOU MUST KNOW!
I've been running two radio shows for a while now and I thought I'd share my expience with the AR community because this really is something that just about any agent can do to generate rediculous local traffic and great inbound links from local community sites.
… (0 comments)
Boomers Bank http://blog.ira-401k-realestate.com
Dear Mortgage Professional,
Email [Edit] | Written by jdragonfly on
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Jul-11-08 8:44am
If you haven't heard yet then this is some news form Indymac. Yesterday the shut down their wholesale and retail division. This was to my surprise since they basically are the ones I send all my REO boo boos to and they fix. Before yesterday, they would lend on almost anything!! I was concerned and had to … (6 comments)
http://www.fakepaycheckstubs.com helping you get the loan you need! Calculate taxes and payroll using this new paycheck payroll check stub generator! Make or create free proof of income printable check stubs instantly! Lost your Job? www.FAKEPAYCHECKSTUBS.com Need to refinance to get the equity out of your home! We are committed in Helping … (0 comments)
The Shore Community Bank is a Locally Owned and Operated bank from Toms River, New Jersey. Started11 years ago, the Board Of Directors recognized the importance of having a branch in the Manahawkin area. This area is a great place to live and raise your children. The school system and the … (3 comments)
Hey! Happy July everyone! I have a great listing in South Baton Rouge - Staring and Highland area. It is going up for sheriff's sale soon so it needs to be sold!! Have a buyer looking in SBR with 3 bedrooms 2 bath? Private backyard, concrete floors in a couple of … (0 comments)
Short sales, foreclosures: These are the inevitable allies in this market. And so it is not a surprise that I am now in transaction with a short sale. Because of the wait, I can just tell that the buyers are already nearing total impatience and borderline surrender. We are now counting five weeks from the … (2 comments)
According to the U.S. Department of Agriculture, Food Price Outlook for 2008 for all food is projected to increase 4.5 to 5.5 percent, as retailers continue to pass on higher commodity prices, for beef, poultry, eggs, dairy, fruit, vegetables and wheat, and energy costs to consumers.
I am happy to announce that I have made the move from the Broker world to the PC Bank Home Loans world.
reo,real estate owned,sunsprite,bank, foreclosure, lake elsinore, property, real estate, riverside county,realtor
Short sale specialists, please chime in and tell me I am seeing this in the wrong light!
Dear fellow agents. I have done 6 shortsales and so far my seller's have not countered any of offers. They just accept them contingent on bank approval. So far the bank has accepted 2, and counter 3 but by only 1-5% of the offer price. We were able to close all of … (9 comments)
Well it's official. Washington Mutual has announced that they are no longer going to offer the option arm.I am amazed that they have continued to offer this product for the last 9-12 months.So to date WaMu has exited the wholesale, and the subprime sectors. It's subprime company, Long Beach Mortgage was … (5 comments)
Aloha, and have a great day
Lance Owens (RS)
(808) 936-8383
Lance@KonaHomeTeam.com
www.KonaHomeTeam.com
Aloha Kona Realty Inc.
78-6740 Alii Drive
… (0 comments)
… (1 comments)
Yup, it's said that we Property Managers are rolling in money. I know that I am having a hard time making it to the bank every day with all of the money I earn. 
We've recently run into situations with buyers that I'd never have predicted 2 years ago: Buyers looking for houses in the Dallas area with over 30% cash to put down and good credit have been unable to get a loan. In one case, the buyer is self employed, and in the … (6 comments)
In this market where REOs are more commonplace, we are finding that banks will not issue the purchaser a Warranty Deed. I am frequently asked by buyers, what are the differences among these 3 deeds? How will it affect the purchase? What can I do to protect myself if I am … (2 comments)
Know a kid looking to pick up a little cash?
This is a topic near and dear to my heart. I do a lot of loss mitigation work. This is where banks ask me to meet with a homeowner and look for ways to work things out to keep the homeowner in the home (translation: see if the loan can be … (1 comments)
Wow now this is one of the best deals I have seen to date in the Redding California real estate market. This impressive home is located in a gated Exclusive area outside or Redding only 12 minutes and was probably worth $700k a couple years back.
As the foreclosures continue to pour into Florida, we have been able to see which lenders so far are reasonably responding to our consumer's hardships. Sun Trust is by far the one responding the worse of all of them. They have been demanding unreasonable recovery amounts and if they do not get such … (3 comments)
That lenders have a tough time with the theory of a HIGHER purchase price than the actual list price? I am telling you this because if FHA is the mother of all financing right now, people are going to find ways for the seller to contribute 9% (6% seller concessions toward … (2 comments)
Short sale? What is that? I know you have heard the term but are you trying to figure out what it all means? 
About the Author: John Occhi REO REALTOR®, successfully started an REO Team in Hemet, CA that quickly expanded to 3 agents and 2 admin members with over 50 REO properties under his direct control. He was able to keep approximately 20% of his assigned inventory in escrow at any given time … (4 comments)
Phoenix Arizona Foreclosures. Phoenix Arizona Bank Owned Homes. Phoenix Arizona Real Estate.How to buy real estate (bank owned homes, foreclosures, pre-foreclosures, short sales), in Phoenix, Glendale, Peoria, Surprise, Buckeye, Avondale, Goodyear, Paradise Valley, Scottsdale Arizona. Or the Valley of the sun.Provided by Daniel McCarthy 623-628-7372 View Bank owned homes at http://www.buy623.com/ … (0 comments)
I would like to work referrals with any agent who has a client that wants to move to Laurinburg, Maxton, Wagram, Laurel Hill or Gibson NC. My email is LWatts01@yahoo.com and my phone number is 910-276-6105. Also, buyers who wants to move to this area, please give me a call and … (0 comments)
<George Bailey during the run on the bank> 
A few more tips for the Utah Buyer. If you find you still have more questions about how to approach a short sale or foreclosure, please just give me a call, I'd love to help!
As a licensed Realtor in the Central Ohio area, I am concerned for the many homeowners who are facing the very real and frightening circumstance of foreclosure. I have partnered with a leader in the foreclosure prevention industry to help you avoid the possibility of a foreclosure. Most people don't realize … (1 comments)
Flagstar Bank recently achieved Freddie Mac's prestigious 2007 Tier One Platinum performance ranking for excellence in investor reporting and default management. According to Freddie Mac, one of the nation's largest investors in residential mortgages, Flagstar Bank was one of only 24 servicing companies nationwide to meet this standard. Nationally, approximately 1,500 … (0 comments)
Here is just another example as to why you should always have a real estate attorney review your purchase and sale agreement.
Seaport Opportunities: If you are a Developer or Investor of warehouse and industrial properties, we have development sites available near the fourth largest Sea Port in Florida, and closest U.S. deepwater seaport to the Panama Canal, making it a hub for trade with Pacific Rim markets. These sites offer tax incentives, … (0 comments)
What exactly will $400,000 buy in today's housing market?
The patience, guidance, and knowledge of paperwork in a short sale are tenfold to other real estate transactions. When doing a short sale hire a Realtor with experience and have them help you step by step through the tedious process.
Though the housing bubble deflated about two years ago, its true effects are only now beginning to emerge. In late 2006, when the economy first began to show signs of weakness in the housing market, most economists predicted that a recession was very unlikely, and that any downturn in real estate … (1 comments)
Good Morning, Thank goodness it's Friday, right? I wanted to send out a quick Thank You to all of you that have joined so far. With the way our industry is right now it's nice to know we are not alone. My boss always says - if being a loan officer … (4 comments)
How Are Scores Calculated?
Short sales -- a nightmare if you have to work with an uncooperative lender. We experienced two short sales within the past 3 months. In both cases, the borrowers wanted to work with the bank and did not want us involved with their negotiation process--understandable. With the first client, the bank … (4 comments)
Increased Loan Limits for 2008!The Department of Housing and Urban Development (HUD) released the new FHA and GSE (Fannie/Freddie) loan limits for 2008, which is great news for current and potential home-owners across the nation.Authorized by The Economic Stimulus Act of 2008, which was signed into law on February 13, 2008, … (0 comments)
A "short sale" or "pre-foreclosure" occurs when a bank (or lien-holder) agrees to accept a discounted pay-off of a mortgage. In other words, the bank(s) will release the lien(s) that is secured on the real estate, upon receipt of LESS money than is actually owed. Why would any bank accept less … (0 comments)
Well we had another Short Sale close today and I can't express how good it feels to help our seller out of a tight spot. As they walked out of the closing company office I told them to take a deep breath. They did and now they feel like a great … (11 comments)
This post is to inform those in the South Orange County area about the trends of the market in which they live. For those of you stopping by from outside of this market, this can be a great tool to guage whether or not you would like to explore any opportunities in … (0 comments)
The first big step toward buying your first home is to start at the bank. Find out what you can afford to buy and buy less than you can afford. You don't want to be saddled with a big payment and find that you have no money left for savings, recreation, or an … (6 comments)
Buying a home is a big undertaking. Whether you are purchasing your first home or your tenth, it is still a process that should be done carefully. Many buyers, especially first time home buyers, begin the process by looking for houses, either on the internet or in local papers. While looking … (0 comments)