Luckily, for me and for my clients, I have been quite successful. I can count on one hand the number of clients who have not succeeded. And, that is something to brag about.
Why? Because I hold the financial futures of so many clients in my hands. They count on Don Sabinske and Sabinske and Associates to get the job done.
Which means that we need to have a successful outcome to the short sale process. We price to … (8 comments)
short sales: Getting Rid of the Foreclosure Market....When?
- 09/20/11 07:45 AM
According to some "experts" now, getting rid of the foreclosures will assist those who still can afford their property. Well, that is something I have said over and over again for the last five years. When will the investors learn that dragging this thing on and on and on only ultimately hurts their bottom line? "While some of the 2.2 million loans in foreclosure can still be saved, many are too far gone, they say. Some 37% have not made a payment in more than two years, while another 34% have not made a payment in 12 to 23 months, according … (4 comments)
short sales: Short Sale Sellers: Learn About HAFA Here
- 04/20/10 02:33 PM
Here is a short video on the HAFA program....if you have any questions, be sure to call me. I am always available to discuss options when you can no longer afford to keep your property. Together we can make your options a reality.
Attention Short Sale Sellers in North San Diego County and Beyond! Have you heard about the government's new short sale program where you may be able to sell your home in a short sale and walk away with a little bit of cash for your moving expenses? If you have (or even if you have not), … (3 comments)
short sales: Hitting the Nail on the Head
- 03/31/10 01:25 PM
The new regulations for the banking industry on short sales have been a long time coming. Working with the lenders for over six years on short sales has given our business some gasps, groans and triumphs. When the lender is capable, it has been similar to working with a "regular" seller. When the lender has been some of the banks who have now been "taken over" or gone out of business altogether, it has been a nightmare I would wish on my worst enenmy. We have had our share of both. And, yet, we continue to work with short sales. Why? … (8 comments)
short sales: Banks are their own worst enemy. I have seen the enemy. He is us!
- 03/08/10 01:46 PM
I may not agree with everything Todd has put in this blog, however, it needs to be reiterated that the banking industry is the problem. The speed and efficacy of their systems are the root of all the problems with a short sale. They need to get their systems streamlined to make it easier for THEM to make money. The debtor is not the problem, the debtor is trying all avenues to fix the problem to the best of their ability, usually. However, the banks are their own worst enemy.
By Todd Clark (Broker/Sales Coach) 503-524-9494
This morning … (9 comments)
short sales: Late Payment? Can't Make Next Month's Payment?
- 01/26/10 08:12 AM
What we do know from working with banks, meaning we work on their behalf, is that if you haven't made a payment this month, can't make the payment next month, is that if you haven't contacted them, and we know they have contacted you, is that you will be on a "hit list". The easiest solution is to contact them. Let them know your situation, ask for a Loan Mod or some sort of assistance. But, if the HAMP program or the HASP program doesn't fit your qualifications, then the best alternative is to begin the short sale process. If you … (9 comments)
short sales: Have a Nice Day.....
- 01/15/10 07:28 AM
Sitting on a conference call with the heads of asset mangement companies today, I was sobered into the fact that when I take a listing from a seller, I had better be prepared. Q1 -Q4 could see as many as 13 million more assets coming on the market. Many of these will be executive-style homes that have been abandoned by the owners who have adjustable-rate mortgages. My first question was...if they walk, and a large number will, where will they live? My second question was...how will I be able to explain to my sellers that they are now facing huge competition … (5 comments)
short sales: Followup to the Bank of America Debacle
- 05/19/09 02:24 PM
Well, Bank of America, the press is now aware of the folly of your acceptance nine months after the submission of a short sale. On Monday, I was interviewed by an investigative reporter from WCCO, the local CBS affiliate. My associate, Suzanne McLaughlin, had alerted a very astute reporter she had worked with in the past on another matter. He was actually looking for someone on this matter...the banks being very difficult, at best, to work with on short sales and bank-owneds that could not be sold. This worked well for all concerned. We will get the word out that the … (12 comments)
short sales: Bank of America? Hello?
- 05/15/09 03:49 PM
Today, a representative from Bank of America called to let me know that they would accept the short sale offer on a property that we had listed. GREAT!!!! Problem No. 1 We listed the property last July at $314,900. And canceled the listing in early January. Problem No. 2We got a nearly full price offer which they sat on for 3 months. The buyer and the backup buyer went away. Problem No. 3 They now own the property that they are willing to accept a short sale on nearly nine months after it was tendered. Their explanation is that they have "had … (7 comments)
short sales: Short Sale Hell
- 04/06/09 02:25 PM
The latest numbers from a blog I wrote regarding JP Morgan Chase and US Bank. Fact: We worked for 7 months on two separate homes where Chase and US Bank were the mortgage holders. Home 1: Our offer for 303K was denied and the home came on the market as a bank owned property at 244K and is now pending (Chase). Home 2: Our offer at 325K denied by US Bank. A friend of mine is in the process of purchasing this home that US Bank listed at 229K. Don't worry none of this makes any sense to anyone anywhere. We have … (12 comments)
short sales: A Letter to a Senator - You Could Write One, Too!
- 03/27/09 03:22 PM
This is a letter I wrote to our senator today. I'm fairly certain that most of you have similar stories. If each of those who have experienced frustration wrote, perhaps we could get some movement from Congress. (I altered the addresses for publication on the Rain. Everything else is factual.) Dear Senator, Thank you for your response. The following data is fact as to how the banking industry is acting and reacting to the home crisis situation and their toxic assets. We have has many homes on the market in pre foreclosure status or to be reviewed for a "Short Sale", (a home … (16 comments)
short sales: Where's the Money?
- 01/12/09 05:14 AM
Our government has been bailing out the bank and mortgage industry forover two months now. Apparently, we have no idea what the bankingindustry is doing with our money, so why don't we just give them moremoney? Our government is planning on throwing our money at the problemand pray it gets better.What the government does not know: It is my professional opinion as areal estate broker and CEO of a multi-million dollar real estatecorporation, that the banks are trying to make their books and balancesheets look as detrimental and morose as possible.I have seen, just since the first bailout, banks making decisions … (7 comments)
I have been doing short sales long before the Countrywide debacle…going on nearly twenty years now. 
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