foreclosure: Are Loan Mods Leading to More Foreclosures?
- 11/07/10 11:50 AM
It is very stressful to have one's home in foreclosure. There are a few alternatives to foreclosure. For agents the one that might help home owners the most might be a short sale, hoping to have the bank forgive the homeowners on the deficiency between what is owed on the loans and what the home is sold for.
If short sales could help the homeowner start clean, why are they not doing it? Many times they are but all of a sudden if they receive a letter from the banks that they might qualify for a loan modification, … (0 comments)
foreclosure: Is The Banks Interfering With Your Short Sales?
- 10/22/10 08:55 PM
Short sales are hard work taking a lot of time and patience. The government try to give incentives to banks to try to help homeowners from getting foreclosed through many foreclosure alternatives such as loan modifications and short sales. Any agent that knock on any homeowner that is under default would hear from the owners that they are trying to do a loan modification before considering a short sale. That is understandable since they are trying everything they could to keep their home. When the loan modification does not go through, then for some owners, it might be time to … (0 comments)
foreclosure: Does B of A halt on forclosures affects your Short Sale business?
- 10/08/10 09:34 AM
Recently Bank of America halted foreclosures in 36 states. This morning B of A made headlines when it announced it is halting foreclosures in 50 states. Yahoo news. Would other banks like Chase, Wells Fargo, and One West follow? This made me think if I should still go after NODs or rethink of my plan on spending my time on FSBOs and Expires. Would this be a good move? Does B of A halting foreclosures affect your short sale business? … (6 comments)
foreclosure: How Far Will You Go To Save Your Listings?
- 10/01/10 11:30 AM
We commonly heard that listings are king. Once the listing agent get the listing signed, it is smooth sailing from there. Is it? What if the seller decide to cancel the contract 3 days after signing the contract? Or the bank did not approve the short sale? Or the approved buyer walked away and the listing is going into foreclosure? Last week an agent in my area lost 3 short sale listing because the bank decided not to accept the short sale. The agent decided to move on. Another agent spend about 3 months getting a new short sale … (2 comments)
Song San has been in the Technology industry for over 15 years dealing with many aspects of technology including desktops, servers, web design, web programming, database, and management. Song worked for and consulted for a long list of startups, multi-million, and multi-billion dollar companies including Pom Wonderful, Circor Aerospace, Suncal, and Fox Interactive.
Song is also a real estate broker in the Los Angeles, California area. He does a lot of networking with buyers, sellers, investors, and agents for many hours on a daily basis.
He also spends much time with his family and doing technology consulting work for his clients and on his on projects.
It is very stressful to have one's home in foreclosure. There are a few alternatives to foreclosure. For agents the one that might help home owners the most might be a short sale, hoping to have the bank forgive the homeowners on the deficiency between what is owed on the loans and what the home is sold for.
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