lexington tn homes for sale: Wells Fargo Short Sale....Not this One!
- 07/17/11 01:38 PM
Wells Fargo instructs the sellers and their agent to just get an offer. They WILL work the short sale. So, the sellers accept a fair offer. Just a few thousand less than the recent Wells Fargo appraisal. Contract is sent to Wells Fargo for short sale approval. I do believe that all short sale negotiators should be paid on commission. I have not found one that seemed to care about their asset or the work involved by all in getting the home to closing. The short sale negotiator at Wells Fargo (and believe me I want to mention his stupid name) but won't, … (6 comments)
lexington tn homes for sale: Tighter Lending Standards Results in Increased Mortgage Loan Rejections
- 06/25/11 11:51 AM
We are certainly seeing more loan rejections than approvals. It's tough out there. Sometime soon, hope we find a solution. What's it going to take to get the housing market on a recovery plan???? RE/MAX Unlimited 10850 Highway 412 West Lexington, TN. 731-249-5376 Linda Lipscomb 731-695-1118 http://LindaLipscomb.com
Tighter Lending Standards Results in Increased Mortgage Loan Rejections A Wall Street Journal article reports that tighter lending standards has resulted in increased mortgage loanrejections in 2010. According the authors, Nick Timiroas and Maurice Tamman, mortgage lenders declined "In all, the nation's 10 largest mortgage lenders denied 26.8% of loan applications in 2010, an … (5 comments)
lexington tn homes for sale: Will my house sell even if my neighbors house looks like crap?
- 06/23/11 04:21 PM
Tonight there was a news story on this problem. Especially foreclosure homes that banks/mortgage companies are not maintaining. Several neighborhoods have formed committees to work this issue. Even to the point of taking the banks to court to force them to maintain their assets. Shouldn't they maintain the properties they own??? RE/MAX Unlimited 10850 W. Church St. Lexington, Tn. 731-249-5376 Linda Lipscomb 731-695-1118 LindaLipscomb.com
"Will my house sell even if my neighbors house looks like crap?" That's a question I've heard many times lately, especially with so many foreclosures on the market where the property hasn't been maintained properly. There … (2 comments)
lexington tn homes for sale: Realtor Writes Letter to State Representative in Hopes of Help with Short Sale
- 04/23/11 07:28 AM
Oh, the Short Sale Process!!! Recently had one that took 3 months and 12 bank short sale specialist to get done. I am sick of hearing we are waiting on an investor decision. 1 of of 5 usually gets closed. Why would a bank not want to sell the homes at a fair price, rather than thru a foreclosure sale for 50 cents on a dollar?? Could it be the process is just as frustrating for them as the Realtors??? Don't know the answer, does anyone? RE/MAX Unlimited 10850 Highway 412 West Lexington, Tn. 731-249-5376 Linda Lipscomb 731-695-1118 http://LindaLipscomb.com
Lipstick on a Pig – Understanding the Dangers of Rehabbed Foreclosures
With millions of homes having been lost to foreclosure and millions more to come, savvy “investors” may purchase some of the best deals with the intention of turning them for a quick profit. Unfortunately, some of those “investors” have little knowledge of construction and use their skills as “make-up artists” to … (1 comments)
Maybe you’ve heard the term ‘Strategic Short Sale’ before. Maybe you haven’t. Here’s the quick and dirty definition of a Strategic Short Sale — A Strategic Short Sale occurs when homeowners who purchased at the top of the market — then watched the value of their property decline to such … (4 comments)
lexington tn homes for sale: 11 Short Notes about Short Sales
- 04/01/11 06:03 PM
Great list!! Short sales....yuck! Realize they are a rising part of the 2011 real estate market, but the process is just terrible. RE/MAX Unlimited 10850 Highway 412 West Lexington, Tn. 731-249-5376 Linda Lipscomb 731-695-1118 http://LindaLipscomb.com 1 Reason Short Sales are Difficult Because the payback of the loan will be ‘shorted’ by a significant amount and the lender will have to take a loss, your lender must approve the Short Sale before the house can close. 2 Reasons to Consider a Short Sale Helps you avoid foreclosure. Allows you to sell an upside-down house without incurring insurmountable debt. 3 Requirements to Get … (2 comments)
lexington tn homes for sale: 10 Great Mobile apps ---- Every agent or matter of fact anyone can use to make their life easier!!!
- 03/30/11 03:51 PM
Great Mobile Apps. And yes, all are free. Check them out today. Hopefully, they will make your life easier. RE/MAX Unlimited 10850 Highway 412 West Lexington, Tn. 731-249-5376 Linda Lipscomb 731-695-1118 http://LindaLipscomb.com My top 10 Mobile apps to make your life mobile!!! AND THE BEST PART IS THEY ARE FREEEEE!!! 1) Google Maps for mobile - m.google.com/maps Use Google Maps on your phone, and never carry a paper map again. This program allows you the ability to Get driving, transit, biking, or walking directions in a list or on the map (where data is available). Can be used on mobile phone … (7 comments)
lexington tn homes for sale: Home Selling is a Lot Like Speed Dating . . . Ready? Set?
- 03/29/11 04:36 PM
With so few buyers, and so many homes, you have just got to be the best you can be. This is a great post. Enjoyed it very much. RE/MAX Unlimited 10850 Highway 412 West Lexington, Tn. Linda Lipscomb 731-249-5376 http://LindaLipscomb.com Most readers have heard of "speed dating". An event where singles meet each other for three to five minutes, get an idea of if this person is interesting, and then move on to the next person to see how they compare. Those of us lacking quick wit or knock-out looks may be intimidated by this dating process. Nerves may take over … (4 comments)
lexington tn homes for sale: A Good House Warrants A Good Offer
- 11/08/10 04:00 PM
Unfortunately, the right one is the one in which the buyer thinks they can get the best deal. I have seen buyers walk away from the perfect fit, and settle for their second choice. Months later, it still doesn't feel like home even after the thousands they have spent to make it fit their needs. With mortgage rates at record lows, buyers are learning to get the one they want....they can afford it.... RE/MAX Unlimited 870 W. Church Lexington, Tn. 731-249-5376 Linda Lipscomb 731-695-1118 http://LindaLipscomb.com
A Good House Warrants A Good Offer You've seen many houses and finally … (1 comments)
lexington tn homes for sale: How much lower will your Seller go?
- 11/08/10 03:33 PM
WOW...this is ridiculous!! There are some really good deals out there, but buyers are expecting a steal. Values continue to drop, appraisals are struggling, and the frustrations for sellers who must sell is at an all time high. RE/MAX Unlimited 870 W. Church St. Lexington, Tn. 731-249-5376 Linda Lipscomb 731-695-1118 http://LindaLipscomb.com
"Tish Lloyd." "Hi. I have a Buyer that is interested in your listing at xxxxxxxx. We were wondering, how much lower will your Seller go?" "They will accept the list price." "Sure, but, just between us, what will they really take?" "They will take the list price." … (4 comments)
I Love a Prepared Buyer, Don't You? Are YOU a Prepared Buyer? I love working with a prepared buyer. One who has gotten their act together, and is ready to make a decision, and move through the transaction. Sadly, it can be kinda rare these days. There are many hopefuls who are simply not prepared for the challenges our market presents. But there are folks who … (0 comments)
lexington tn homes for sale: NOW!!! THE BANKS ARE STOPPING THE FORECLOSURES THEMSELVES!!!
- 10/02/10 04:30 PM
Sounds like there have been many errors in the foreclosure process. Will be intersting to see the outcome of this. I am sure there will be thousands of lawsuits. RE/MAX Unlimited 870 W. Church St. Lexington, Tn. 731-249-5376 Linda Lipscomb 731-695-1118 http://LindaLipscomb.com
VERY INTERESTING! This morning the Bank of America decided that they MIGHT have made a couple of tiny errors in foreclosing on as many as 20,000 homes...OOPSIE! So, they joined the growing list of lenders and banks who have finally come to see that even THEY must follow the law and READ THE DOCUMENTS. The B of … (2 comments)
lexington tn homes for sale: Advice Home Buyers/Sellers Won’t Find On TV
- 10/02/10 04:12 PM
Great post!!!! What's an eager buyer or nervous seller to do?? Depends on who you ask!!!! RE/MAX Unlimited 870 W. Church St. Lexington, Tn. 731-249-5376 Linda Lipscomb 731-695-1118 http://LindaLipscomb.com
Eager homebuyers and nervous sellers are often confused by conflicting news stories, most of which focus upon the more sensational aspects of the housing market and economy. With TV, major newspapers, magazines, and Internet sites bombarding consumers with ever-changing economic news, many are paralyzed in fear of taking action either too soon or too late.
Sellers want to know if home prices are still falling, and if they’ll be able … (0 comments)
lexington tn homes for sale: Nightmare Closing--Surely This is Not Real!!
- 07/28/10 05:11 PM
WOW...never had this happen....but sure going to ask from now on!!! Times have certainly changed. Linda Lipscomb RE/MAX Unlimited 870 W. Church St. Lexington, TN. 731-249-5376 http://LindaLipscomb.com 731-695-1118
Our closer said, "I've never seen this happen in FORTY years!!"
Well, it happened to us today! My buyers (who have the worst lender known to man...but that's for another post) finished signing all the paperwork on their beautiful, new home. They enjoyed chatting with the seller while the closer went to make copies of the driver's licenses. Then, the closer came back. "Your license expired July 4," she said to … (2 comments)
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