ARCHIVED BLOG POSTS
2011
Menifee CA – Banks order an appraisal before approving a short sale. As a short specialist we know the biggest threat to a successful short sale closing is the appraised value. Banks are strictly making their decision based on economics. A bank will approve a short sale only if they think they w...
11/22/2011
Menifee CA – A good short sale realtor will mean the difference between success and failure on your short sale. If you are working with a seasoned professional, the entire transaction should be as transparent as possible. The agent understands you are already under alot of stress and makes every ...
11/21/2011
Menifee, CA. Is your agent going the extra mile to ensure that the appraisal on your home is correct and accurate? This is a very important step that should not be overlooked. This can also make the difference between closing a a successful short sale or the bank foreclosing on your home. Here's ...
11/21/2011
Menifee CA – A bank should accept your short sale when the following rules apply. All banks and servicers have a fiduciary duty to the investor of the loan.There are 2 possible scenarios. Either your bank owns the loan or the loan is owned by an investor. In either case there is a fiduciary duty ...
11/17/2011
3
Comments
The latest I have heard is the new HARP Program has taken effect. Experts are calling it the Harp 2.0 program, a revamped program from 2009. The word in the industry is homeowners that have been current with their payments for the last 6 months and had the loan secured prior to 2009 and are owned...
11/17/2011
1
Comments
Menifee CA – What happens if there is a first and second mortgage and both lienholders want more out of the sale? Sticky situation, right? This means that the two parties are vying for the same overall sum of the agreement but neither can agree , so ultimately they are asking for it at the other ...
11/16/2011
Menifee CA – I recently received a question from a client that was considering listing her home with me as a short sale. Here was her question: “I would like to short sale my house. However, the foreclosure has already started. I don’t know how soon the bank is going to come and kick me out.Can I...
11/16/2011
3
Comments
Menifee, CA The new and improved HARP Program is launching November 15th and lenders will be introducing the program to underwater borrowers over the next several months. There is no clear picture as to which lenders are rolling out the program and those participating just yet. Some of the requre...
11/14/2011
Menifee CA – Banks continue to play by their own set of rules. I recently met a couple of agents at a short sale convention I attended. One agent informed me of some really shocking news. She had been working on a short sale approval in a diligent fashion for the past two years and got the short...
11/14/2011
Getting Frustrated With Your Short Sale Approval? Have you ever been so frustrated with the bank you could just scream? Try this tip: File Your complaint with www.ripoffreport.com and be sure to include as much detail as you can. Be sure to include the banks name. That way the banks name will sho...
11/14/2011
Rainmaker
129,497
129,497
Sherry Kotvis -Work. Live. Play
Have A Life Worth Living!