loan modification: 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)
loan modification: 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)
loan modification: Is The Next Few Years In Real Estate Really On Short Sales?
- 09/22/10 07:35 PM
Reality is that many homeowners in America are losing their homes. Real estate agents can help these home owners to negotiate a short sale with the banks and hopefully sale the home and get the deficiency forgiven. There are many seminars and webinars these days talking about short sales and short sale certifications. Yet a question that have been popping up my mind the last few days is if Short Sales is the norm for the next few years then how are agents who "only work with their Sphere of Influences" or agents who "don't make cold calls or … (7 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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