short sale: ATTENTION LISTING AGENTS
- 01/26/10 01:26 AM
OK, I normally try not to vent here. But I'm afraid that if I don't, the top of my hairless head may very well blow off. So here goes: Attention Listing Agents!!! Attention Listing Agents!!!... The slightest bit of professionalism would be greatly (and at this point, refreshingly) appreciated. You are not any busier than anyone else. We all have a million things to do. And the rest of us don't care what your office assistant is up to. GOD, I feel better. Now here's what led up to my momentary meltdown. Yesterday, I was setting some showing appointments (say that … (6 comments)
short sale: POP QUIZ TIME...DID YOU STUDY?
- 11/12/09 09:37 AM
Ladies and Gentlemen.... Professor Palmer here. Welcome to my class: Head Scratching 101; An Abbreviated History Of Short Sale Lenders.
Because today is the first day of class, I'd like to get a better feel for all those in attendance by giving you a pop quiz!! So here goes. Q: If you were an existing 1st mortgage on a short sale property that is worth $425,000 (value as determined by a BPO you ordered four months ago),vacant,county land, 30% of the home not built to code, on septic would you: A: Jump at an all cash offer that not only paid your your entire amount of … (0 comments)
short sale: SHORT SALES, FICO's AND YOU
- 09/18/09 01:39 AM
FICO scores have been a mystery since they were first unveiled many years ago. Toss in today's short sale market, and neither Houdini nor any self-respecting Las Vegas odds maker would try to predict what your scores may be. However, I just read the article below in this morning's L.A. Times. I thought it was very insightful:
NATION'S HOUSING Mortgage problems are walloping Americans' credit scores Late payments, delinquencies, short sales and foreclosures are on the rise -- and so are the number of borrowers seeing their credit scores plummet, according to scoring company VantageScore Solutions By Kenneth R. Harney … (1 comments)
short sale: WHY WE NEED INVESTORS IN THIS MARKET & WHY FLIPPING IS GOOD
- 08/10/09 02:17 AM
We need to have more investors in the market and we need them flipping properties. There, I said it. I know it won't be long until the riotous crowds start descending on me. But before they do, let me explain. Investors aren't the scourge of the earth. Well, at least not most of them. They are looking to buy an under-valued asset. No different than a stock or a bond fund. And here's why investors are helpful in this market: 1. There are hundreds of thousands of REO and short sale properties on the market. Values will not be going … (3 comments)
short sale: WANT TO TEST DRIVE YOUR HOME? GET A HOME INSPECTION
- 06/22/09 03:57 AM
There's one part of a real estate transaction that often gets overlooked. Or worse yet, in the interest of saving $300-$400, isn't done at all. That is a home inspection. Sometimes, it's confused with an appraisal. An appraisal is a valuation of a property done by an appraiser, and generally done in conjunction with a purchase money loan or a refinance. Its purpose is to give an accurate value range to the lender and client. In California, appraisers are governed by the OREA . A home inspection is a valuation of <strong>property condition</strong>. It is generally done as part of a buyer's … (0 comments)
OK, I normally try not to vent here. But I'm afraid that if I don't, the top of my hairless head may very well blow off. So here goes:
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