short sales: $1,500 Tax Credit for Home Improvements? GET SOME GREEN FOR GOING GREEN!
- 03/11/10 10:04 PM
What's this? Free money for those individuals who own a home and want to improve it? YES!!! If you were already planning to do a little remodeling this spring make sure to include a few projects that will not only make your home more EYE-ppealing but more energy efficient as well. Uncle Sam says that if you choose projects that make your home GREEN, he will send you a little GREEN in return! You can get up to $1,500.00 back or 30% of your improvement costs in the form of a nice little tax return! SO what is on the list? Windows, … (0 comments)
short sales: Sorry! I'm going to throw a politician under the BUS!
- 03/03/10 10:26 PM
The housing crisis . . its on the minds and hearts of us all! The core of the problem? Many of the very people we have elected to STOP and SOLVE the problem do not GET the big picture!!!! This is why it is so important that REALTORS and MORTGAGE professionals alike take the time to send out BLOGS, EMAILS, make phone calls and just talk up what is really going on out there? How many of you know that the Federal Reserve is a privately owned business ? Yes it is owned by privately ran banks . . wait a … (3 comments)
short sales: Short Sales Winchester VA, Loan Modifications Winchester VA
- 08/13/09 07:54 AM
For those of you attempting to modify your mortgage on your own I found an interesting article on modifications that may be interesting to you. Remember if you are turned down for a modification you may be able to do a short sale instead! Don't just walk away from your property, KNOW YOUR OPTIONS!! Visit: http://seekingalpha.com/article/148707-are-loan-modification-programs-working to read an interesting blog about loan modification success rates.
Let me know what you think or if this was helpful! Please visit www.equitynegotiations.com for more information and tips! … (0 comments)
short sales: Short Sales in Berkeley County WV, Frederick County VA, and Winchester City VA
- 07/28/09 05:22 AM
Is it fair to "try"a Short Sale for the first time? When you take on any Short Sale, save yourself the trouble in advance and make sure that your potential clients know that by attempting this process they are heading down the road of foreclosure. Short Sales are complicated and depending on how far behind your client is with their mortgage, your time may be limited. Our team has carved out a "niche" of working and successfully negotiating several local short sales in the Frederick County VA, Winchester City VA, and Berkeley County WV areas. We have noticed a trend of agents … (0 comments)
HUGE Opportunity! 5 bedrooms, 3.5 baths. Fully Finished Basement. Call Doug Hyatt for more information 540-550-4234. … (0 comments)
short sales: Winchester VA Short Sale
- 07/27/09 02:45 AM
In today's economy it is easier than ever to fall behind on your mortgage. If your income has been reduced, and you have a minor emergency . . plumbing issues, flat tires, medical bills, sick dog that needs extensive vet care . . . the mortgage money goes for the emergency not the mortgage. Trying to catch up can be tricky, and when you sit down to crunch the numbers if there is more going out than coming in you may have a serious problem. Many of our Short Sales are homeowners who are trying to do the right thing. They … (0 comments)
short sales: Extensions and Approvals for Short Sales
- 07/22/09 02:42 AM
The clock is ticking! Even though a successful short sale can STILL take 6 months to iron out, keep in mind that there is only so much time to accomplish your goals. As if getting an approval is not complicated enough, now we have to contend with ridiculous time lines to get the financing together to close the short sale! Financing guidelines continue to tighten up and government loans are taking longer in underwriting due to high demand. I'm finding myself having to go back and renegotiate terms with 1st and second mortgages because the purchaser of the home needs … (0 comments)
short sales: Should you use a Title Company to Negotiate a Short Sale?
- 06/24/09 04:38 AM
I have to ask this question because of a trend in our area of some title companies taking over Short Sale transactions for an up front fee from REALTORS and their clients. Is this something that other agents have found success with? When your client is under financial distress, and you are not sure if the deal is going to close, is this a good return on your investment? I'm all for competitive options, BUT can the title company do anything that you cannot do yourself? If you let a title company "negotiate" for you couldn't you loose a certain element of quality control? What are the benefits? The bottom line … (0 comments)
short sales: When to switch from a loan modification to a Short Sale . . .
- 06/10/09 07:13 AM
If you are attempting a loan modification ask yourself this question. When is the last time you made a mortgage payment? If you have not made a payment in three to four months, you should have enough money saved to take on your new modified payments at the end of the process. If you still do not have enough money to make a single payment, that means that even if your loan had been reduced to 25% its likey you still could not afford your home. At this point even a reduced payment may be just delaying the inevitable. The bottom line: If you … (0 comments)
short sales: Is your Short Sell Going Well??
- 06/08/09 07:09 AM
Is your Short Sale going well? How do you know if your Short Sale is going well? This is a hard question. Especially since the process can be long, repetitive and frustrating even when it is going smoothly! Here are a few tips of what I have found to be the "norm" in the process.1.) Pricing the home the 30 day price: Each mortgage company has a different attitude towards the price that the home should be listed for. Some have the attitude that the home needs to be listed for what is owed for a specific time period (30-90 … (0 comments)
short sales: Common Short Sale Myths!
- 06/03/09 02:07 AM
Common Short Sale Myths! One of the most difficult conversations I have with potential clients is where I discuss what the current market value is of their homes. Most homeowners have attached feelings of pride and sentiment into their homes, especially if they had worked hard to maintain and improve the property. In our area( Northern Virginia) property values have dropped around 35% since 2005 and we have not hit the bottom yet. I know many other local markets are very similar, and other REALTORS have been saddled with the responsibility of helping many homeowners have a harsh reality check. … (0 comments)
short sales: The Low Down on Loan Modifications
- 05/20/09 07:25 AM
Many clients that I have worked with of late, want to keep their homes. A loan modification is something that may be an option to them and a way to prevent foreclosure. I always try to make sure that they know all of their options including short sales and loan modifications. Here are a few tips that I have discovered about loan modifications, from working with my sister company Equity Negotiations. Is this best for my situation? 1.) To qualify for a loan modification you will need to show a hardship in your income. Hardships include: Job loss, wage/ hour … (0 comments)
Seriously, I'm not talking about yellow bath toys, I'm talking about making sure you are not blown out of the water by your transactions' little surprises. What are you doing to protect yourself daily from legal maham? The majority of the time I find myself dealing with emotions not houses. The purchase of a home very stressful for many of my clients. I have found that emotions can reach MELT DOWN levels at record speeds, if I do not stay on top of my game. I am currently working on my first few short sales, and I have recently closed … (0 comments)
What's this? Free money for those individuals who own a home and want to improve it? YES!!! If you were already planning to do a little remodeling this spring make sure to include a few projects that will not only make your home more EYE-ppealing but more energy efficient as well. Uncle Sam says that if you choose projects that make your home GREEN, he will send you a little GREEN in return! You can get up to $1,500.00 back or 30% of your improvement costs in the form of a nice little tax return! SO what is on the list? Windows, … (0 comments)
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