Real estate blog entries tagged with short sale by Loretta Buckner, Your GREEN Real Estate Consultant For Life! (Real World Properties, Inc.| Your Real Estate Consultant for Life)

Home : Blogs : Loretta Buckner : "Living in the Real World" ~ Lola's Log : Tag "short sale"

short sale: It's Been A Long Time 'a Comin...Short Sale at the Closing Table - 11/04/10 05:06 AM

bofa: My "Bank of America Hate Song" (Dance to Follow...) - 08/31/10 02:08 PM
Nine Months, Three Days and Twenty-one Hours
Is the Time it Takes
For Me to Finally
BLOW!!
(but at least I try to do it with a smile!!)
(Open THIS window to hear the original Fight Song for Notre Dame--it's a classic!)
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short sale: Have a HAMP Loan that Can't Be Modified? New Obama Rules Take Effect April 5, 2010 - 02/12/10 02:42 AM

Isn't it Time You Sought the Help of a Professional?

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short sale: NEW Listing - Largo FOUR Bedrooms! - 02/03/10 01:11 AM

Loretta Buckner "Your Real Estate Consultant For Life" 727-452-0023 (cell) 888-378-5349 (fax) 727-656-6206 (office) Namaste "All that we are is the result of what we have thought." - Buddha Please consider the environment before printing this e-mail "We do not inherit the earth from our ancestors, we borrow it from our children." ~Native American Proverb … (3 comments)

short sale: NEW Listing - Largo FOUR Bedrooms! - 02/03/10 01:08 AM

short sale: A SHORT REcap - If YOU or Someone You Know is Underwater and Does Not Know What to Do--Look Here! - 12/17/09 02:18 AM

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short sale: Guidelines for Short Sales Announced--Are You Underwater? - 12/03/09 03:59 AM

IF YOU OR ANYONE YOU KNOW OWES MORE ON THEIR HOME THAN WHAT IT'S WORTH--TAKE NOTE!
Government Announces Short Sales Guidelines The U.S. Treasury Department announced new guidelines this week designed to make short sales go more smoothly. Scheduled to launch in April 2010, the Home Affordable Foreclosure Alternatives Program (HAFA) will offer up to $3,500 in incentive payments to qualified borrowers, servicers and investors who complete short sale transactions for properties with loans on the verge of foreclosure.
HAFA allows the borrower to receive pre-approved short sale terms before the property is listed and frees them from future liability … (1 comments)

short sale: What WOULD Happen if More Homeowners Chose a Strategic Walk-Away? - 11/30/09 12:10 PM

A recent report on CNBC highlights a controversial subject:
What if homeowners treated their homes and mortgages the way that business treats their non-performing assets?
See the report:

What are your thoughts? Would YOU walk away if it made more financial sense? What would the financial impact be on neighborhoods if the 1/3 of homeowners currently underwater did just that? Food for thought...
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short sale: SHORT SALES Just Got Easier in CA--Why Not for the Rest of us?!? - 09/24/09 06:01 AM

For once I agree with something happening on the West Coast regarding Real Estate--they just passed SB 306, which requires lenders to respond (accept, reject, or deny) IN WRITING within 21 days to a short sale request (with full documentation, of course). That's not all, of course, there's also something about a 4 DAY response for offers submitted with HUDs (don't we ALWAYS do that?!), but the section is below--read it yourself! As in anything, the law is subject to interpretation, and my statements are my opinion only, I do not represent myself in any way to be an attorney, so … (6 comments)

short sale: Who Knows How to Deal With Chase on a WaMu 2nd (Short Sale)? HELP!! - 09/15/09 10:09 AM

Here's the background:
This is the FOURTH time I've sold this house--the first three times the 1st (Countrywide, now Bank of America) took so long to work it through their system I lost each buyer prior to closing. The current offer on the table, approved by BofA and Freddie Mac after 4 months, has now been bounced back by the collections agency initially hired by WaMu, now Chase.
What these really POLITE and INTELLIGENT (note the sarcasm) guys who work for Tate & Kirlin are telling me now is that, since it took so long to get an approval from BofA, … (1 comments)

short sale: What's Quick About a Short Sale? - 09/15/09 06:05 AM

I guess we all know the answer to that one by now: Nothing! There's nothing "short" about a short sale--ask me, as a person of diminutive height, I can tell you that short sales are nothing about shortness! So, where from did this term derive, anyway?
Well, put simply, the real estate market is just like any other market--and selling short is market terminology. When you sell a stock short, you are actually purchasing under the assumption that the future price of the stock will fall. When you sell a property short, you are asking to purchase a property which has … (5 comments)

short sale: Beacon Wood Beauty - A Pool Home with Extras! - 07/30/09 04:11 AM

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short sale: Aniee, DON'T Get Your Gun!! - 07/29/09 06:31 AM

I met Aniee last year--she called on one of my listings, looking for something she could purchase as a lease-option. I could tell right away she was a 'can-do' kind of a person, her enthusiasm and sparkle (yes, I said sparkle!) virtually crackles right through the phone when she's happy.
Today she's not so happy--after over a year of painstakingly cleaning up a few minor credit issues, paying some things down or off, applying for CDC down payment assistance and attending the classes, having several offers fall through becasue the houses would not pass FHA or CDC inspections, AND after waiting … (5 comments)

short sale: It's a FEEDING FRENZY--the Bottom Feeders are out--Are We At Bottom?!? - 07/03/09 02:10 AM

There has been so much activity lately of the 'shadier' sort here in Pinellas County, Florida--I thought it pertinent to mention yet again some of the scams which have surfaced, proving yet again that greed really brings out the worst in many.
From Trulia this morning:
Our house is getting ready to go into foreclosure, we've got an investment firm wanting to "buy it". Distressed Homeowners: PLEASE don't sign over your deed to anyone--this does not release you from any obligation with your lender--all it does is remove your rights. It is quite clear that we have reached the point, at least … (1 comments)

short sale: Pinellas County Distressed Properties - Do You Owe More On Your House Than It's Worth? - 02/16/09 09:51 AM

Continuing the process of learning as much as I possibly can about my local market and how best to help those caught in the pinch of the mortgage crisis and subsequent foreclosures resulting, I've been compiling statistics in an effort to hopefully sooth some fears.
Nationwide, the statistics of homeowners who are currently not making a mortgage payment is reported as one in ten--this means that if you walk outside your house, look up the street and down the street--there is at least one house in view where there is a homeowner who is struggling to make their next mortgage payment.
An … (0 comments)

short sale: Want to Buy a Home in Pinellas County for Less Than $500 Per Month?!? - 01/27/09 09:10 AM

Seriously--with Largo's down-payment assistance program, which gives qualified first-time homebuyers up to $35,000 in down payment assistance, if that were to be applied to one of the foreclosure or short sale homes available RIGHT NOW in Largo (tour a couple below), your mortgage payment would be in the ballpark of under $500, as shown below:

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short sale: The Cottages of Lake St. George - Palm Harbor, Florida Affordable Community - 09/09/08 01:41 PM

Lake St. George is one of my favorite neighborhoods in Pinellas County, Florida, because of its proximity to both downtown St. Pete and Tampa, the lovely white-sand beaches in Tarpon Springs, Dunedin, and Clearwater, and the best schools in Pinellas County.
This adorable cottage can be had for less than it would cost to rent - for the right buyer willing to do minimal damage control. It is in foreclosure, and listed for under 100K.

To GET TICKETS for the next FORECLOSURE BUS TOUR, FILL OUT THE:
EASY ONLINE FORM
Be sure to tell us how many tickets … (0 comments)

short sale: HELP!! I'm Lost in Countrywide Short Sale HELL...and NOW--SAXON?!? - 08/21/08 06:14 AM

I spent two hours on the phone with Countrywide Short Sale Department yesterday--no, I take that back, I spent hours ON HOLD attempting to speak with a negotiator for Countrywide. I did speak with FOUR different people, and the first was actually trying to put me through to the negotiator, Norberto Canno, who does not answer emails, btw--in case you've tried the suggested First_Last@countrywide.com email format.
I have followed all of the prescribed practices on submitting shortsale offers, the package, especially the SECOND package I submitted (now, here's a clue--do NOT attempt to submit a second offer when there's one in … (7 comments)

short sale: Sea Pines in Hudson | Lovely Waterfront Community with Boat Access - 07/29/08 03:51 PM

To GET TICKETS for the next FORECLOSURE BUS TOUR, FILL OUT THE:
EASY ONLINE FORM
Be sure to tell us how many tickets you'll need, the cost for the entire day will be only $25 per person. Thanks for your interest, and best wishes in your home search.
For more Tips and strategies if you are facing foreclosure-check my website
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short sale: Sea Pines Golf and Gulf Front Community ~ Conservation Lot - 07/28/08 12:00 PM

Sea Pines in Hudson, Florida - Great Gulf Access, Golf Course Community, Discount Pricing!
This is one GREAT home, and one really HUGE deal--for less than you can rent a lovely 2/2/2 home like this, you could be buying THIS one!

To GET TICKETS for the next FORECLOSURE BUS TOUR, FILL OUT THE:
EASY ONLINE FORM
Be sure to tell us how many tickets you'll need, the cost for the entire day will be only $25 per person. Thanks for your interest, and best wishes in your home search.
For more Tips and strategies if you are facing foreclosure-check … (0 comments)

short sale: Do I Know Short Sales?!? Yep--I Even (co)Wrote the BOOK! - 07/21/08 02:01 PM

"Should I Short Sale My Home?"
It's a question on the minds of thousands of homeowners right now, especially the "upside-down"ers out there, who've got more mortgage than house, which is why I have chosen to represent these folks, who most need expert advice right now.
Short Sale and Home Loss Prevention Expert
What the heck is that? It means, simply, that I have undergone specialist training in the area of short sales and loss mitigation, and have the tools and know-how necessary to help those most in need of the services of a quality Real Estate Consultant.
"That Sounds Expensive...What's … (6 comments)

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