short sale: Any luck with First Franklin? - 03/19/09 12:32 AM
I have a short sale where the 1st has approved a $10,000 (yes $10,000) payoff to a 2nd held by First Franklin.  The 2nd is $94,000 and First Franklin is denying it.  In my SS experience, 2nds try and get 5% of the balance but expect $1,000.  Franklin is being offered … (2 comments)

short sale: Isn't THAT Ironic? - 07/14/08 05:44 PM
So given the current housing and mortgage crisis, we look back and see what the FED has done to try and inject life into the housing market.  In September of 2007 (yes, just 10 months ago) the FED funds rate was at 5.25%.
The FED panicked and lowered interest rates 6 … (2 comments)

short sale: Not Your Typical Short Sale - 07/08/08 01:40 AM
Is there any such thing as a typical short sale?  From what I am hearing the typical short sale goes something like this:
"Submit offer package to lender and wait....By the time the lender gets back to you with good or bad news, the buyer has moved on to another property".  … (8 comments)

 
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David Bennett Yorba Linda Real Estate

Yorba Linda, CA

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