short sales: TBWS Daily - 3/16/2012
- 03/16/12 09:17 AM
The topics for today center around: HUD changing their guidelines on seller concessions - reducing from 6% to 3% which will make buyers mortgage payments higher; this could impact mortgage defaults. Banks have only been allowing owners to short sale their homes if they miss payments; this triggers the Strategic Default, putting homeowners in a very negative position; this needs to stop. Think Big Work Small Disclaimer: If you prefer reading your news over a cup of coffee in a relaxed atmosphere or your family’s sense of humor gene skipped a generation, don't watch the video; these guys talk fast and are high energy. Have a Great … (0 comments)
short sales: TBWS Daily - 8/24/2011
- 08/24/11 02:51 AM
Good Morning…Here is today’s report from the Think Big Work Small Guys. Today the boys are saying "Realtors Beware", the rules for doing a Short Sale are being monitored for fraud. Make sure the property is set at a True Value - It is Armes Length - and All Offers are Considered. Short Sales are 25% of all transactions and ripe for fraud. Think Big Work Small Disclaimer: If you prefer reading your news over a cup of coffee in a relaxed atmosphere or your family’s sense of humor gene skipped a generation, don't watch the video; these guys talk fast and … (1 comments)
short sales: TBWS Daily Report - 4/26/2011
- 04/27/11 04:37 AM
Good Morning...Here is today's market update from the Think Big Work Small Guys. Today's discussions are on: The power of positive conversation and talking points, Short Sales rising, FICA scores, and Commercial multi-family complexes on the rise and pushing out single family homes. It's a lot to listen to. Think Big Work Small Disclaimer: If you prefer reading your news over a cup of coffee in a relaxed atmosphere or your family's sense of humor gene skipped a generation, don't watch the video; these guys talk fast and are high energy. Have a Great Day … (0 comments)
short sales: DON'T MAKE ME TRACK YOU DOWN!
- 06/28/10 01:33 AM
Today is the beginning of a new week and I am hoping two of the agents I am working deals with decide to make my week easier than last week. Last week I tried to reach these agents to update them on the status of the short sales offers we are working on (these are my listings). We all know how long it takes banks to get back to you on your inquiries but how fast they expect us to get the information back to them - but I degress here. I emailed both agents - faxed both agents - and left messages for both agents, … (8 comments)
short sales: IT TAKES TWO TO TANGO!
- 12/28/09 11:20 PM
WARNING - This is a short rant Several days ago we finally got an approval on a short sale that was submitted back in early April; I don't have to tell you how much work went into hanging on to the Buyer. We only have several days to get the inspection done and approved by the buyer. I checked with the selling agent to make sure the water and electric would be on and scheduled an appointment with the inspector. By the time the agent contacted the electric company it was too late for the first inspection appointment; OK, the inspection is … (12 comments)
Status in FGC This Weeks Numbers Active & New Listings Active Listings 1992Listings in Last 30 days 485Foreclosed /REO in Last 30 days 108 Pending, Sales, Expires Active Contingent 122Active Contingent Short Sale 1037Pending 943 Sales in Last 30 days 462 Expired Last 7 days 87
Active Listings divided by Sales gives us an estimated inventory level of 4.31 months. I'd say we are really cooking here in the Cape … (2 comments)
The topics for today center around: HUD changing their guidelines on seller concessions - reducing from 6% to 3% which will make buyers mortgage payments higher; this could impact mortgage defaults. Banks have only been allowing owners to short sale their homes if they miss payments; this triggers the Strategic Default, putting homeowners in a very negative position; this needs to stop. 
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