Weekly Distressed Property Roundup - Re-HARPing?

Malissa - Thanks for the detailed list of information about weekly distressed property roundup. Re-HARPing.

I don't even like dealing with tenants when the home is NOT a short sale. They resent the intrusion, period. They don't like to cooperate with showings, and why should they if there's nothing in it for them? Some go so far as to try to sabotage the transaction by making up imaginary structural problems and whatnot.

I'm with Elizabeth on this one!  9 times out of 10, they want to stay so, they make showings extremely difficult, not to mention it's not their property so, it's typically always a shamble.  However, I do feel for them when they are being respectable tenants, paying the rent and their owners drop the ball and don't pay the mortgage.  

I'd rather buy than rent anyway--it's safer that way!  LOL

Having sold a ton of homes in Oklahoma City to California investors in the bubble years I have had a few short sales I have had to do although most who bought here were conservative and didn't do negative am loans. Dealing with tenants is tough, and the 24 hour rule is a limiting factor. More articles and details about dealing with tenants would be blog time well spent.

I was sort of hoping those distressed properties would just go away, but it looks like they will be around for some time longer.  Thanks for the update on distressed properties.

Jobs will bring back the housing market. All other artificial resuscitation methods will fail.

Melissa - It looks like I have some reading to do on distressed sales to catch up for the week. I agree with Elizabeth and Debe - it's more challenging to sell with tenants though doable.

I'll bet we could all create some programs that might actually work and they'd have catchy names too.  I'm hearing rumors about the Harp 3.0 program that is just being proposed. 

Melissa, thank you for sharing the updates.  I agree with what you said on your article that it's nearly impossible to quickly and efficiently sell a property with an uncooperative tenant.  Tenants, especially those good ones, deserve respect and they need to know the landlord's plan ahead of time so they still have time to adjust and look for a place where they can move in.

~Regina P. Brown

Hi Melissa, so true. Tenants in that situation are very crabby people.... even crabbier than usual.

Melissa, sometimes i feel like that sheep but not when i read your recaps on short sale progress or lack thereof!