short sale: A Year Late and $60,000 Short... Or How To Try To Close A Short Sale in Only 548 Days!
- 07/09/09 04:15 PM
Hi All, Friday should have been a great day. It really should have been. Not just for me but for my client and also for another agent and their client's as well. But it wasn't and here's why. I took a listing for a condo in Ontario, CA in February 2008. It was, is, and remains a Short Sale. And it is getting "shorter" by the minute. A brief recap for those who don't remember my speaking about this transaction before. (And really, why would you since I started babbling about it when Barack Obama was still just a Senator from … (13 comments)
short sale: It's Crunch Time... Agents - Get In The Game or Get off The Field!
- 01/23/09 06:44 PM
Hi All, I am currently sitting in my living room spitting nails and stewing in my own juices. Why you may ask? Well, I'll tell you... I have been working a short sale listing for almost 1 year (yes, you read that right... almost 1 year). I have shown the lender's enough facts and figures to choke a whole herd of elephants... I have begged, pleaded, cajoled, promised, wheedled and even threatened them to try to keep reality in the picture and this deal alive to help my client. I was even on the phone (though I was barely able to … (10 comments)
short sale: The Downside To Having Good SEO...
- 08/27/08 06:04 PM
Hi All, One of the first acronyms I learned within days, practically within hours of entering the Blogging arena was SEO. Search Engine Optimization was said (or rather typed) with a respect bordering upon reverence. Having your presence in the Internet being noticed and noted by Google, Yahoo et al was considered the be-all and end-all of everything. Well, today I learned why that may not be such a good thing... I got a phone call from a very nice lady in another state who had found me on the Internet when she did a search looking for help with a … (13 comments)
short sale: And Then Glinda Asked... "Are You A "Listing" Agent Or A Selling Agent?"
- 08/25/08 05:28 PM
Hi All, Don'cha hate this, you get a call from a client wanting to see a home (well I don't hate that part :-). Naturally, the home they most want to see is the one that is listed as "appointment only, no key safe", so I dutifully called the listing agent at all 4 given numbers (by the way, as of now, 10:08 PM, the following day, I have yet to receive a call back) and left messages asking to view the home. The property is a Short Sale and has been on the market for 230 days... so far. Well, … (12 comments)
short sale: "A Verbal Approval Is Not Worth The Paper Its Written On"... Or, "Just 'Cause You Say It, Don't Make It So"
- 08/20/08 08:18 AM
Hi All, Don'tcha just love the English language and all the colorful ways folks use it? Boy, I sure do, and I am especially enamored of the way that some folks truly believe that by merely speaking the words they can "wish" things into being. I always knew "Abracadabra" was a magic word that could make things happen merely by uttering it, but I had no idea that "Approval" was similarly endowed. I know that where Short Sales are concerned, this is a powerful word and one everyone involved in the transaction longs to hear. Once "Approval" is uttered a whole … (17 comments)
short sale: How The Grinch Stole The Kitchen...
- 08/19/08 04:57 PM
Hi All, Every buyer in Rancho, the tall and the small just wanted to get the best house deal of all. The market was hot, there was no end in sight, so they borrowed the money (who cares if its right). They spent every penny with nary a thought, but when the bottom dropped out a lot were just caught. Their ARM's were adjusting (but their legs stayed the same) and it wouldn't be long 'til they were out of the game. The bills just kept coming, soon they got well behind, then the sheriff came looking the owner to find. … (17 comments)
short sale: The Short Sale Soap Box or What I Think Everyone NEEDS To Know...
- 07/20/08 11:03 AM
Hi All, This one is a little long-winded, so grab some snacks, settle into a comfortable chair and let's go... I think I am safe in saying that I am RAPIDLY becoming something of an expert on the intricacies of the Short Sale. I have now successfully handled Short Sale transactions from both sides of the table and am fielding calls from my other agent friends on what to do and how to do it where their transactions are concerned. There is a whole lot of misinformation out there where these deals are concerned, and a whole lot of people are getting frustrated, angry … (8 comments)
short sale: Do Big Screen TV's Cause Short Sales?
- 07/19/08 03:25 PM
Hi All, Everyone knows that Short Sales and Foreclosures are on the rise. This is not news. And everyone has heard about how predatory lending practices and option A.R.M.s are to blame. While I am sure that these have indeed all been involved in this mess, that is not the whole story. But, fear not... I think I have found the real culprit...the true power behind this particular throne... The Big Screen TV. Oh, you doubt me do you? Well, allow me to demonstrate how I arrived at this hypothosis. I have noticed that almost every home I have entered which is in … (67 comments)
short sale: My Dirty Little Secret... Confession Time...
- 07/19/08 02:25 PM
Hi All, I have been hiding something from everyone for a very long time and I finally feel secure enough (read that guilty) to come clean... to out myself... to confess... my dirty little secret... This is something I have not wanted ANYONE to know and, in fact, I think I have hidden it quite well. Heck, until I finally shared it with my husband even he HAD NO IDEA. So, here it is (heavy sigh, deep breath, eyes cast down in supplication...) I am a Realtor and I HATE looking at houses! And by that I mean loathe, abominate, and … (14 comments)
short sale: OPEN HOUSE 3/9/08 Great Ontario 3bd/2.5ba Condo!
- 03/08/08 05:36 PM
Hi All, I will be hosting an Open House on Sunday, 3/9/08 from 1 to 4 PM for my listing at 1065 Whittler's Lane, Ontario, CA (Mountain Avenue & Philadelphia cross streets). There will be refreshments (I am making wonderful double chocolate brownies). Come on by take a look and say hi. This home is listed at $240,000 and is a Short Sale. I hope to see you there and be sure to tell me you saw the listing on ActiveRain. Oh, and be sure to check out my blogsite http://Route66Living.com To view a visual tour click the link Take care, … (1 comments)
short sale: Call Me... Or Not... A Cautionary Tale...
- 02/05/08 03:24 PM
Hi All, One of the things that we are all taught in our figurative Real Estate cradles is that the best way to get clients is by referral and that the best referrals are those that come from your sphere of influence (friends, family, current and former clients, etc.). While this is quite true, I for one, know how difficult it can seem to get these folks to spread my cards out like confetti on New Year's Eve. But, today I learned, or more accurately re-learned that while good news travels fast, bad news travels faster and the selfsame folks that don't remember to toss your … (13 comments)
short sale: What I Did On Xmas Vacation... My First CLOSED Transaction!
- 01/25/08 02:41 PM
Hi All, It has been an interesting and enlightening few months. I just successfully closed my first transaction, which was also a short sale, which was also the product of my blog here on Active Rain. I am pleased and proud to report that the buyer's, the lender, and most of all my client's are all very, very happy. Amazingly, things went about as smoothly as they could possibly go. We were flooded with offers from day one (really!) and wound up closing above list price and $46,000 over the banks appraised value. This just proves the value of having an agent who is … (44 comments)
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