short sales: Mortgage Debt Forgiveness Act
- 01/18/14 12:41 PM
Well it seems as though almost no one in Congress is paying attention to the expiration of the Mortgage Debt Forgivenss Act; sadly for many homeowners who are still struggling as it expired on December 31st. If, I repeat, if I were in a situation today that would require me to make a decision between a short sale and a foreclosure I believe I would just let the foreclosure process continue until the home was sold at a trustee's sale or whatever method might apply in other states. Why? Because I have no money, I'm losing my home, I have a … (5 comments)
short sales: Short Sale Listing Prices are Irrelevant
- 07/24/12 01:21 AM
As we all know, or should know, is that the banks will always counter the offer that is sent to them on a short sale. The initial selection of the winning offer (in California anyway) is done by the seller with or without the listing agent's blessings. Sure, some sellers will actually listen to their agent's recommendations during this very difficult period, however many don't. So the decision is up to the seller to choose, and is based on their lack of knowledge of the short sale system and their difficult current emotional state. The listing agent also plays a role … (0 comments)
short sales: What Exactly is a......
- 12/21/11 02:36 PM
Short Sale Expert? Short Sale Professional? Short Sale Specialist? Those are all the terms that Realtor's who work the short sale market use to describe themselves. The problem is that they are all self-awarded terms. None of those descriptions are EARNED. There is only one certification that IS EARNED and awarded and that is the SFR certification from the National Association of Realtors. So if you are an agent who is representing yourself as a Short Sale Expert, Professional, or Specialist then you are misleading the public. You might be really good BUT you haven't earned the right to call yourself … (3 comments)
short sales: Come on lenders; get real already!!
- 07/13/11 08:54 PM
"Bernanke says home price stabilization necessary to woo buyers." In my humble opinion the problem is with the lending "establishment". They are stingy with loans and very slow in their approving of short sales. And they created this fiasco in the first place. In over 30 years in Real Estate I have never seen anything like this. Additionally there is just too much inventory to stabilize anything. Come on lenders; get real already!! … (2 comments)
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Well it seems as though almost no one in Congress is paying attention to the expiration of the Mortgage Debt Forgivenss Act; sadly for many homeowners who are still struggling as it expired on December 31st.
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