John Kim's Real Estate Blog

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Services for Real Estate Pros - Property Services & Short Sale TC
As a Short Sales Processing Service this blog is to help inform and receive information on our industry. This blog is to explain some things to the homeowner or realtor in Short Selling, Loan Modification, and industry related news.
RECENT BLOG POSTS
    The April figures are in but as we all know in Orange County and most of Southern California our gas prices are going scary high.  With the realization that other countries pay more but you also have to take in consideration that their transpiration life style is much different than ours.  An...
05/14/2011
    Now we all know credit cards are the demons but most of us have signed our live to it so here are some do's and don'ts to consider.  And interest rates and rewards aside, since that would be a whole different topic to dwell on.      Auto Payments - Gym memberships, utilities, insurances, etc....
05/14/2011
    The almighty "ZILLOW" has spoken and we shall spread its words of wisdom.  Zillow has come to the conclusion that these cities have the least foreclosure rate so in turn... Best Cities to Buy a Home.  Not only that they looked at a few other factors, such as affordability from a hope price to...
05/14/2011
The short sale process, from submission to short sale approval, is generally as follows: Submission of offer and complete short sale package from the seller. Bank acknowledges receipt -- 10 to 30 days. Bank orders a Brokers Price Opinion (BPO) or appraisal -- 15 to 60 days. File is reviewed -- 30...
04/16/2011
5 reasons a homeowner should consider short selling their home. You pay no out of pocket expenses. Short sales are sold "AS-IS", which means the home owner won't have to bother spending time and money on home repairs. The loan servicer pays for all commissions and services on both sides of the tr...
04/16/2011
     Homeowners may be able to claim a special tax relief and exclude the debt and be forgiven from your income.  Following certain guidelines a mortgage debt is partly or entirely forgiven during tax years 2007 through 2012.      Here are a few facts the IRS mentions on the Mortgage Debt Forgive...
04/16/2011
No one wants to lose their house thru a foreclosure process. Foreclosure can be devastating to your credit as well as it could lead to the bank filing a deficiency judgment against you and garnishing your wages in order to collect unpaid debt for you loan.  Here are the basic benefits for you as ...
04/16/2011
    Here are a few of the common reasons when you have your Short Sale request denied by the bank: Seller hardship is not valid within the Banks guidelines A Short Sale package that is incomplete or fraudulent Submission of an inaccurate Appraisal (Market Analysis or BPO) An offer that is unaccep...
04/16/2011
     As we all know GOOGLE is the new western mecca of what we call the internet.  Having it's own language like SMURFS, people use it's name in every part of the US grammer.  They also throw in so much tech jargon out there that it makes many seem to know more than they lead to.  I say that beca...
04/09/2011
     As gas prices are soring well past the $4 mark it seems people need some changes made from the government.  Saving us drivers time was not what I was exactly looking for.  It seems that raising the speed limit is... I guess is a change for the better?      Of course the place where it's bein...
04/09/2011
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Short Sale Processing Service that will help any person that is interested in closing a successful short sale.