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Blog entries tagged with "foreclosure":
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Short Sales in Chicago & Suburbs - Illinois Pre Foreclosure Listings:
Who are San Diego Short Sale Experts..? We are a local San Diego Real Estate company specializing in helping individuals that are heading into default on their current loans or are already in foreclosure.
Today's media tosses the words "Short Sale" around like the childhood game of "Hot Potato". Every day, on every major network, there seems to be a new report on the "Housing Crisis" and new efforts to aid struggling homeowners. 
If your like hundereds of thousands of other Americans and are not able to make your house payments, or won;t be able to in the near future, you have probably looked at all of your options. A Short Sale is most likely going to be the answer to your problems, the … (0 comments)
THERE ARE ALTERNATIVES TO FORCLOSURE!
NEW COUNTRYWIDE REO LISTING - BOYDS, MARYLAND
Well...after a dry spell of little to no great deals with equity, it's raining deals galore!
July 30 (Bloomberg) -- President George W. Bush signed into law legislation that helps 400,000 homeowners facing foreclosure and extends a lifeline to Fannie Mae and Freddie Mac.
I specialize in preforeclosures and have become increasingly aware that many realtors are not understanding what is really happening out there. This is just the tip of the iceberg, there is so much more to consider. Stay with my rabbit trail and maybe those that are in the dark - will … (3 comments)
Pre-foreclosure short sales in Parker. Condos for sale! Check out these three units. Located in Parker, Colorado 80134.
FHA has made a remarkable comeback in the last several months. Many of the creative home loan products that fueled the recent boom, especially those under the banners subprime and Alt-A, are rapidly being swept into the dustbin. FHA has stepped into the vacuum, offering low down payment options to borrowers … (4 comments)
Here are four links to the latest fixer-upper & foreclosure properties (in the greater Orlando area which includes Orange County, Seminole County, Lake County and Volusia county) using my search methods. To see the properties online, just click the links below. If that doesn't work, you can click on or cut and … (0 comments)
I helped a client get a SUPER deal on a condo in Sunbury, Ohio today! Closed this afternoon - HUD as-is value was $121K and my client got it for $95k. It was in pretty decent condition. I alos have a few other clients that I'm working with on HUD homes … (0 comments)
If you are behind on your house payments, and/or you need to sell your house, but like many people owe more on the home than its worth, don't panic, and don't walk away! Let Team Carroll help you. We are specializing in helping homeowners like you sell their homes and complete … (0 comments)
Why Banks do Short Sales
Banks always have the buyer's sign seller addendums. To protect the Bank/Seller, they always have the Buyer's sign addendums in addition to a standard purchase agreement. Mind you, the addendums are drafted in such a way to protect the interest of the Bank and not the Buyer, so you must thoroughly … (0 comments)
I am closing a deal today and I received a call from the escrow officer telling me about errors on the sellers side. Then I was asked to give up my commission to pay the sellers outstanding utility bills ($3000). First, I was surprised to receive a call from the Escrow … (0 comments)
It seems like every day you hear about more people losing their homes to foreclosure (more about that tomorrow) or what is becoming the new buzz word in real estate the "Short Sale". It was just a short time ago that no one, at least the majority of us in the Outer Banks real … (0 comments)
The numbers of mortgage fraud are coming back as rather shocking in a brand new report issued by The Mortgage Asset Research Institute (MARI), which oversees and compiles mortgage fraud numbers by utilizing an in depth analyzing system that compiles numbers from many different national databases and produces accurate estimates of … (0 comments)
One of my columns this week:
This is a document that I give to buyer's agent prior to the buyer writing an offer. I find that it helps set a positive tone to the Short Sale Process. Many times a Short Sale deal falls apart because the buyer's agent and/or buyer becomes frustrated and quits before we get … (8 comments)
Short Sales today seem to be all the buzz! While the pros and cons of a short sale can be bantered back and forth, there is one negative that isn't fully understood: many think that a short sale is saving their credit.
Hello everyone, it's been awhile since I've posted anything and to be honest I'm needing my ActiveRain fix.
Hi All,
Considering all the news items in both the paper and the television about thieves stealing copper plumbing pipes and copper electrical wire, I figured it would just be a matter of time before it affected me.
… (0 comments)
"When a home goes into a foreclosure, owners still have a window of opportunity in which they can sell the home. By selling, rather than a foreclosure, the effects aren't so detrimental. That's one of the reasons the site www.investorsclassifieds.com began - to help frantic owners promote their property and … (1 comments)
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Back to the pent up demand-A lot of agents I speak with say there is a backlog of buyers, just waiting for the right signals in the marketplace. They predict these buyerswill swing into action at the sign of increasing prices.OK, it sounds reasonable, however if you look at the shear … (0 comments)
After yet another meeting with a few Attorneys (both real estate and tax attorneys) it never amazes me what type of people and companies pop up to take advantage of a market to make money.
Multiple Offers on Bank Owned and Foreclosures
It seems like the people who were on the sidelines are now coming out and buying. A recent foreclosure was listed at $230K a little below market value and received 18 offers within a week. The accepted price, however, was $290K. This goes to … (0 comments)
A recently issued report by the Mortgage Asset Research Institute (MARI) states that mortgage fraud climbed 42% in the first quarter of 2008. The lender criteria has tightened considerably so that some feel it is necessary to 'tweak' applications. The most common situations cited were General Application Misrepresentation such as debt … (6 comments)
According to CNN this morning, one of the biggest pitfalls of the Hope Now plan is that home owners are not seeking help. I think what many failed to realize is that not all of these homeowners want help. Many of these individuals are simply people who are walking away from … (3 comments)
It's that time again. Time to roll out the list of Bank Owned Single Family Homes for sale in and near Key West. CLICK HERE to look at the list of active single family homes. Some are "challenged" and a couple actually look really interesting.
I used to manage the … (0 comments)
Yesterday I met with a client who is shopping for 2 homes and showed him a couple. Much of what we are looking at right now of course is a short sale or is bank owned. We have already made an offer on one house that is a short sale and … (4 comments)
With the current market conditions, many homeowners are faced with mortgages they can no longer afford on homes that may be worth less than they owe. A large number of these homeowners are becoming delinquent on their mortgages and, in some cases, are going to foreclosure.
Want to dive into the foreclosure market to scoop up a "deal?" Better know the whole story.
Help is on the way for New England homeowners struggling to pay their mortgage. Today, the National Association of Realtors®, in partnership with the Massachusetts Association of Realtors®, is taking part in a regional foreclosure prevention workshop in the Boston area.
Let me first apologize, as this is my first time writing a real blog, and I am quite sure it will show. I am not a lawyer, nor a CPA and recommend you speak with both if you are considering any and all options that I am about to outline. I … (0 comments)
San Diego Home Foreclosures Home in La Mesa
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Countrywide Short Sale Process Overview by Countrywide
Foreclosure Scams on the Rise! 
It is pretty easy to start out by saying that I am NOT a fan of Barak Obama for President. As I have watched his candidacy unfold, I have noticed it long on rhetoric and short on reality, forethought and responsibility. 
There have been several reports recently in the newspaper depicting the economic downturn and the housing slump. One thing I was always taught was to buy when others were selling and to sell when others are buying. In Maricopa County, Arizona, now is the time to buy real estate! 
More and more often I have been dealing with buyers looking for "Short Sales" or "Foreclosures" attempting to get the best deal they can. Sometimes these buyers are in a lower price range (here in Dane County the Median Home Price comes in just over $190,000) and they feel foreclosures/short sales are … (2 comments)
I just attended a company REO and Short-sale meeting today. Stay tuned for an update on what we learned.
To BPO or not to BPO? That is the question.
This is a message going out to everyone that decided to get into an adjustable rate mortgage, whether it was on some bad advice from a loan officer or of your own choice. Even if you are in a 30 year fixed rate mortgage and you can't afford the payment anymore. … (0 comments)
Estimates are that as many as 1 of every 95 homes in the state of Florida will have foreclosure filed this year.There are 1.8 million adjustable rate mortgages set to adjust between now and December of 2009. Of those, at least half are expected to go into default.In 2007, there were … (2 comments)
Today I went to the McCracken County Master Commissioner's Sale. It was held at 1:30pm inside the courthouse at the steps going upstairs. This was my first time attending one of these so when I had always heard someone saying "courthouse steps" I always thought they meant outside. Turns out it's inside.
I started working with short sales well over a year ago. I have had some success at closing short sales - yes of course they have always cut my commission but if that is what it takes to get the deal done, I unfortunately have agreed.
I am curious to know if Realtors like to work with short sales. Obviously they could provide a great deal for your client, but is it worth the hassle? 
As we continue the lowering of prices in the Metro Phoenix area I am noticing more and more the rising of what I call sympathy foreclosures. These are people who are not in financial trouble per se, they have not lost their jobs and have not had a medical emergency drain … (6 comments)
A client of mine recently purchased a Fannie Mae-owned foreclosure and the experience was...almost surreal. As an Exclusive Buyer's Agent, Job One is to protect our buyers during every phase of a real estate transaction. However, during this purchase, I felt like I was forced to watch my client walk … (0 comments)
I was walking around the neighborhood and looking at all the nice homes, nice cars - a peaceful setting, and then *BANG* it hit me! A home with a WAY overgrown lawn and newspapers piled high...
Short Sale at Aina Nalu
According to more than one source, including, Kerry Fehr-Snyder of the Arizona Republic, more than 50 people camped out recently to buy one of 100 home in a new community called Mountain Bridge in Mesa.
When you buy a house, you do not consider the fact that someday you may run into financial problems and that foreclosure may be something that you're facing. Many people panic and think that when they fall behind on their mortgage, there really is no way out. The fact is that … (0 comments)
In the immediate area around Lake Wylie there are over 1000 property owners that are 60 to over 120 days behind on their mortgage payments and are facing foreclosure. There are 92 properties that have gone to foreclosure and will be auctioned off on September 2, 2008 at the York County … (0 comments)
Republished by: John F. K. McGill, Hancock & McGill, L.L.P.
I recently heard this as a concern for many sellers today. I mean it makes sense, if homes in your area are being foreclosed on (practically every area has a few here in Orlando) and the banks are letting these homes go at "fire sale" how is the typical owner to compete? We all … (0 comments)
This BREAKING NEWS report just came in from Mortgage News Daily.
TWIN CITIES MINNEAPOLIS SAINT PAUL FORECLOSURE PROPERTIES BUYING GUIDE
… (4 comments)
Because of the legality and complexity of contract law, it is my opinion that short sale proponents need to get a grip on reality.
With so much being written about foreclosures nationally, it is time to put aside rumors and report exactly what is happening with foreclosures in Tallahassee. Rather than talk in general, this blog will report exactly what has occurred in Tallahassee, thus far this year.
As my previous post indicated, I had my program up and running and the website was working REO Professor. I've gotten a lot of feedback on this wonderful program that organizes REO listings as well as BPO's. There is only 1 problem, there seems to be too few of players in … (0 comments)
We Think This Is A Great Deal For This Area !
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I bought my Winter Haven lakefront condo back in 2004 for under $90,000. Since then, it's market value has gone up as high as $150,000 and has fallen to as low as $109,000 since then. Thanks to the fact that my upper floor balcony looks over one of the biggest lakes … (0 comments)
What happens to the borrower's credit after they do a short sale? Keep in mind that short sales generally aren't approved unless the borrower has fallen behind in their payments. Falling behind 30 days is bad; 60 days late, is worse, and when a borrower is 90 days late, it's very bad. By the time the borrower is 120 days late, the lender will usually engage the services … (5 comments)
500's Leawood Luxury Home at a Huge Discount
ABC News interview with Donald Trump regarding the nations real estate market. Sorry about the commercial in the begining:
In a typical week I visit 50-100 homes that are for sale. I slog through home after home, often seeing nice homes that are overpriced, or decently priced homes that are in terrible condition or that have a major, fatal flaw!!HOWEVER, every now and then there are properties that really stand … (0 comments)