short sale: ***URGENT***Orlando Short Sale $200,000. Approved and ready to close. - 01/20/10 08:17 PM
I need a buyer quick on this one. Both lenders have approved the transaction in writing at $200,000. Approvals are good until 1/31/2010, Current buyer may not be able to close on time. Their loss may be your gain.
This is an incredible property with over 3,000 sq ft living … (19 comments)
|
short sale: Chase Short Sale Approval..... - 01/19/10 03:35 PM
.....only took 9 months!!! And we are not closed yet. Amazingly we still have the original Buyer that went under contract at the end of April 2009.
Property location:
Florida Keys (Vacation home)
Hardship:
Illness.
Lender(s):
Chase on the first and 2nd. About 5 months into the Short Sale transaction … (25 comments)
|
short sale: Quit whining about Short Sales. YOU are the problem. - 12/28/09 01:41 PM
Hi folks. I was commenting on an article by Russell Shaw over at AgentGenius earlier and one person actually stated that instead of trying to solve the short sale issue we should be working on speeding up the foreclosure process.
Speed up foreclosures? Sorry but I’m in the business … (56 comments)
|
short sale: No Short Sale for you!! - 12/18/09 03:33 PM
Hi folks. Just when I think I have this Short Sale stuff figured out I run across another issue that has the potential to really place my sellers, the buyers and the agents in a difficult quandary. Yesterday I received a phone message from Chase in relation to a Short … (44 comments)
|
short sale: Only Deadbeats do Short Sales!! - 12/08/09 02:56 PM
Hi folks. Short Sales. Why do I spend so much of my time messing with these things? Isn’t it true most people are just doing them to avoid honoring their promissory note? They borrowed the money they should pay the mortgage. Deadbeats!I closed on a Short Sale a few months ago. … (29 comments)
|
short sale: Do you have any idea who holds the mortgage to your property? - 12/07/09 04:45 PM
Hi Folks. A few weeks ago I decided to start asking my past Short Sale Sellers to send me the Release of Mortgage notice once they received it from their lender after the short sale was completed. I’m just getting started on my quest but have received several “Release of … (14 comments)
|
short sale: Kissimmee Florida Short Sale. You'll like this one. Only $95,000 - 12/05/09 03:06 PM
Short Sale for sale in Poinciana Florida. 4 bedrooms 2.5 baths with over 2200 sq ft of living area on a huge double lot (.91 acre). Ceramic tile roof, Atrium, screened and covered rear porch, garden off the master suite, lots of cabinets in the garage, gated entry, security system and … (16 comments)
|
short sale: Florida Attorney General, Bill McCollum, Pleads with Lenders to help. - 11/25/09 03:04 PM
OK one more before I take my Thanksgiving break. The Florida Attorney General, Bill McCollum, sent this letter to the top executives at Bank of Amercia, Wachovia, JP Morgan/Chase and Wells Fargo.
Thank you Mr. McCollum for taking this current financial mess seriously. The lenders have way too much power right … (19 comments)
|
short sale: What's price got to do with anything? - 11/23/09 06:00 PM
Hi folks, Have you noticed that the contract price means absolutely squat these days? Nada. Zilch. It used to be that once a purchase price was negotiated you could be fairly certain that was the price the property would close at.
Not anymore.
Properly pricing real estate has always … (29 comments)
|
short sale: Will I have to sign a promissory note if I do a Short Sale? - 11/19/09 04:36 PM
Possibly. I have found that more times than not the Seller is not only willing to but wants to make a cash contribution or sign a note to get the deal done. It helps them to feel better about their situation. Most people WANT to pay their bills and honor … (14 comments)
|
short sale: Another Kissimmee Florida Short Sale Approval - 11/13/09 04:45 PM
It only took 7 months BUT we have another Bank Of America Short Sale Approval.
Location:
Kissimmee Florida.
Details:
Placed on the market with Tutas Towne Realty on March 1, 2009 at $89,000.
Went pending on April 17th at $79,000 all cash Buyer.
Mortgages:
$188,000 owed on the 1st … (16 comments)
|
short sale: Foreclosure Prevention. Another Successful Kissimmee Florida Short Sale. - 11/09/09 04:10 PM
Avoid foreclosure. Another successful Short Sale Closing with Fifth Third Bank.
Mortgage amount: $185,000.00
Sales price: $87,500.00
Lender agreed to 3% in closing costs and a 6% commission.
Net to Lender: $77,078.00 (42% of amount owed)
Fannie Mae was the Investor and there was Mortgage Insurance (MI).
Challenges:
… (14 comments)
|
short sale: Kissimme Holiday Villa For Sale. 20 minutes to Disney - 10/28/09 01:37 PM
Kissimmee Florida Short Sale. Listing price may not be sufficient to cover all encumbrances, closing costs, or other seller charges and sale of property at full listing price may be conditioned upon approval of third parties. Centrally located. Vacation rentals are OK. Very good unit for the price. Close to downtown … (7 comments)
|
short sale: Short Sale Approval letters - 10/14/09 04:10 PM
Hi folks. Ever wondered what your Short Sale Approval will look like? Wonder know more. I have embedded several Short Sale approvals that I recently received for my sellers. These will give you an idea of what to expect when you sell your Central Florida Short Sale.
I have included:
… (13 comments)
|
short sale: Need a Short Sale Agent? Here are 250 of them!! - 10/03/09 06:02 PM
Wendy Rulnick and I opened www.ShortSaleSuperStars.com on August 1, 2009 and today we reached 250 members!! The 250th member is Melissa Zavala a fellow ActiveRain member. If you haven't joined yet now would be a good time to do so. It's FREE for Pete's sake! CLICK HERE TO JOIN.
ShortSaleSuperStars … (70 comments)
|
short sale: Kissimmee Short Sale Approval in 60 Days - 09/21/09 02:15 PM
Location: Buenaventura Lakes Kissimmee Florida 34743
Value: $69,000 to $79,000
Hardship: Loss of rental income on this investment property
Amount owed: $175,000 on a 1st with GMAC and $32,000 on a 2nd with Green Tree
Property was listed on May 19th at $89,000. Priced reduced to $73,000 on June 10th. … (12 comments)
|
short sale: Poinciana Short Sale Approval From Fifth Third Bank in 16 Days - 09/19/09 06:03 PM
Another successful Short Sale approval in Poinciana Florida.
Property Value: $85,000 to $90,000
Amount owed: $185,000
Hardship: Loss of rental income on several rental properties (this one included)
Loan details: Fannie Mae with Mortgage Insurance
Property was placed on the market on May 8th for $109,000.
The price was slowly … (15 comments)
|
short sale: Short Sales......LEARN, KNOW AND GROW!! - 09/07/09 01:43 PM
Hi folks. I hope everyone is having a great Labor Day. Today I want to talk about Short Sales. Big surprise right? More specifically I want to talk about the tools available to help you if you choose to handle Short Sales.Whether you are on the listing side or the … (69 comments)
|
short sale: Florida Short Sale Approved by Chase in 137 days! - 09/02/09 04:11 PM
Another successful Short Sale approval in Central Florida!
Lender: Chase
Amount owed: $129,000
Hardship: Loss of income and medical
The property was placed on the market on February 14th at $110,000. The price was slowly reduced to $85,000 on April 11th and went pending on April 18th at $87,500.
The … (21 comments)
|
short sale: Why do we work Short Sales? - 08/25/09 04:36 PM
Working Short Sales is certainly not a glamorous job.
Short Sales don't pay very well (at least in my area).
Short Sales are hard work.
Short Sales can be very frustrating.
Short Sales take a long time to get approved and closed.
Would I still work Short Sales if I … (30 comments)
|
;)
;)
