Orange County housing blog

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Real Estate Broker/Owner - Aston Group - Orange County Real Estate - 01451803

ARCHIVED BLOG POSTS

2011 

6 REASONS SHORT SALES GET DENIED Offer is too low Seller does not show a valid hardship Property has multiple liens and any one of the lien holders will not accept the offered settlement amount Incomplete Or Fraudulent Short Sale Package Inaccurate Market Analysis/Appraisal/BPO Incompetent Short ...
02/28/2011
Top Eight Reasons to Short Sale  1. You pay no out of pocket expenses. All short sales are sold as-is, meaning you won't have to bother spending time and money on tedious home repairs. Your lender also pays for all commissions and services on both sides of the transaction, giving you the least ha...
02/28/2011
Orange County Short Sale Specialists/Realtors offer FREE solutions to home owners. www.ReMaxAnn.com Does the current economy have you caught between a rock and a hard place? We may have a FREE solution for you! ReMax Homes and Estates Short Sale division offers free counseling and short sale real...
02/28/2011
How Long Do Short Sales Take? This is the million-dollar question.  The short sale process, from submission to short sale approval, is generally as follows:   Submission of offer and complete short sale package from the seller. Bank acknowledges receipt -- 10 to 30 days. Bank orders a Brokers Pri...
02/28/2011
            Qualify Your Short Sale Before Writing the Offer Before you decide to buy a short sale property, ask your agent to do a little groundwork first.   Examine the Comparable Sales Many banks will discount the price a little bit from market value, but to get an acceptance, offers should be...
02/28/2011
Why Banks Reject Short Sales Banks demand a plethora of documentation before approving a short sale. Contrary to popular belief, sellers do not need to be in foreclosure or have fallen behind in making mortgage payments, for a short sale to occur. Here are reasons that banks turn down short sale ...
02/28/2011
Do You have a mortgage with Wachovia or World Savings? Do you want to short sale your home? If you answered YES then you will receive a minimum of $3000.00 at close of escrow and it doesn't cost you a dime to short sale!!!!! This is a limited time offer by Wachovia and World Savings bank............
02/25/2011
Call the LenderYou may need to make a few phone calls before you find the person responsible for handling short sales. You do not want to talk to the customer service or collections. Request the contact number for their short sale department or loss mitigation. Submit Letter of AuthorizationLende...
02/25/2011
Items needed in a short sale from the seller 2 MONTHS RECENT BANK STATEMENTS TWO YEARS TAX RETURNS ONE MONTH OF MOST RECENT PAY CHECK STUBS SIGNED HARDSHIP LETTER SIGNED FINANCIAL WORK SHEET AUTH LETTER   Items needed from the Listing agent CMA Listing agreement Buyers offer Pre-approval lttr Cop...
02/25/2011
ARE YOU CONSIDERING DOING A SHORT SALE WITH ANY OF THE LENDERS LISTED BELOW? •·         GMAC, DITECH •·         CITI Mortgage •·         HSBC •·         LITTON •·         WACHOVIA •·         EMC •·         AURORA LOAN SERVICING •·         Bank of America •·         AHMSI •·         WELLS FARGO •·...
02/25/2011
Rainmaker
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Ann Urias

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local_phone(714) 588-7676
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