These are not in order of what people think but I bet when you read the following 5 of 10 statements about short sales & foreclosures that you will SO SO recognize some of these.man thinking

  • I know at least 5 people that have bought & bailed, is it REALLY illegal?  It is illegal (but I am not an attorney).  Try not to judge people because we don't always know their exact personal situation & if that is what they really did.

 

  • Why am I the last person of ALL my friends to let my house foreclose or do a short sale?  You're not the last one, it may just feel like that.

 

  • I have tried at least 3 times to get my lender to modify my loan but they won't do it. (not fair)  I say try again.  Patience is a virtue & sometimes lender's will change their internal requirements & not really tell us customers about their new "rules".

 

  •  I don't have a hardship, why would the bank let me short sale my home?  Believe it or not, I have heard of people short saleing their home without a hardship.  Remember, what is a hardship to one family might not be a hardship to another one.
  • Why can't my lender just sell me back my own house for what it's worth now? I think that is truly what a wonderful loan modification is.  If you never ask your lender, they will NEVER say yes. 

    •  

     

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    Disclaimer: The information provided on this website should not be constituted as legal advice. The content is intended to provide general information about the short sale and foreclosure processes, and should not be acted upon without the counsel of a qualified REALTOR®, attorney, and tax expert.

    Federal Government Disclaimer (MARS):
    1. You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject the offer, you do not have to pay us. If you accept the offer, you will have to pay us commission as agreed to in listing contract for our services.
    2. Christina ONeal of At Home Real Estate Group is not associated with the government, and our service is not approved by the government or your lender; and
    3. Even if you accept this offer and use our service, your lender may not agree to change your loan.

     
    Post is included in group: Advice for Sellers
    Post is included in group: California Short Sales, REO's, and Foreclosures
    Post is included in group: Foreclosures & Short Sales
    Post is included in group: Short Sale Specialists & Pre-Foreclosure Education
    Post is included in group: WeBlog Anything (almost)!

    10 Comments on Top 5 of 10 thoughts about Short Sales & how we think sometimes...part 2

    MAR
    21
    2011
    815,127 Points Outside Blog Called Shot Master

    Good information on Short Sales and Foreclosures.  Thanks for sharing thoughts.
    10:56am • #1

    Interesting article, enjoyed reading.  Noticed your Ripon CA adress, small world my pug dog before last was born in Ripon CA. Have a great week!
    11:31am • #2
    958,442 Points 24 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

    Lenders don't seem to want to do the right thing and modify a loan. It's a painful process.
    12:08pm • #3
    584,667 Points 105 Featured Posts Outside Blog Called Shot Master

    I remain amazed that some buyers are willing to wait the months it takes to purchase a short sale. I'm glad for the homeowners who can then avoid foreclosure, but it is still amazing.

    Wouldn't it be nice to know how much longer this will go on?
    3:56pm • #4
    207,408 Points 1 Featured Post Outside Blog Hit Router Attended Rain Camp Called Shot Master

    Christina - Good list ... from a GREAT agent!  The "short pay-off" is likely to become more and more popular over the next few years.  It should be a new product from non-traditional lenders ... or even medium terms investors with an equity share program. 

    Remember the old saying ... if you can't find a market ... make one!
    6:39pm • #5
    MAR
    22
    2011
    187,872 Points 6 Featured Posts Outside Blog Called Shot Master

    Edward & Celia... Thank you for stopping by.  It was fun to write this one :)

    Jennifer... That is so cool that you have a pug dog from my town.  Does your dog have a birth certificate?  That is so neat :)

    Ellie... I agree 100%

    Marte... Oh man Marte, that is the million dollar question right now.  I wonder.  I just keep getting better at this type of market.  I need to sharpen my skills on equity sellers, I'm sure they are coming back in full force someday, maybe 15 years from now? hee hee  ... Seriously, I hope it changes back soon. :)

    Jack... Thank you for your compliments always.  I miss your writings!!! When are you writing a blog post?  When are we having lunch deary??????? I'm making my market for sure :)
    12:34am • #6
    MAR
    23
    2011
    365,128 Points 10 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

    Why am I last?  oh yeah I'm waiting for......
    8:34pm • #7
    MAR
    24
    2011
    187,872 Points 6 Featured Posts Outside Blog Called Shot Master

    Susan... yep, that's another one too :)
    9:12am • #8
    APR
    20
    2011
    309,748 Points 28 Featured Posts Outside Blog Called Shot Master

    Regarding the loan modifications, there is a reason many analysts have declared HAMP a failure.
    5:13pm • #9
    APR
    21
    2011
    187,872 Points 6 Featured Posts Outside Blog Called Shot Master

    Dave... Thanks for stopping by.  it's a crazy industry, that's for sure :)
    9:39am • #10


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    Christina ONeal ~ Ripon, California realtor

    Ripon, CA

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    At Home Real Estate Group

    Address: 4598 S Tracy Blvd #140, Tracy, CA, 95377

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