Jason Mitchell's (reoexperts) Blog

Banks are just not cooperative. In most cases, they prefer to reduce current REO inventory. Further, they can often collect PMI from insurers if the home actually is foreclosed upon. I have prepared short sale packages for approval for sellers. I have negotiated contracts with bank asset managers...

If you want to sell your home, you let the bubble burst. If you have your home on the market for a maximum of 30 days and do not receive an offer it is priced to high. Period!! You need to lower the price of your home 3-5% minimum. If you do not receive any offers within 3 weeks. Your home is pr...

Apparently there is a new crisis looming the world of real esate. An area that has been immune is starting to feel the drag on the economy. The commercial market is now struggling. According to Matt Apuzzo, Associated Press Writer, .... "he same events poisoning the housing market are now at work...

Mortgage Workout Programs for Homeowners   The following information is intended for REALTORS® and homeowners seeking information on existing mortgage workout programs.  In general, the loan modification programs on the chart (see link below) and consumer information sheets (see links below) are ...

It is a Buyer's Market. Period. Most homes are sitting months on the market waiting for any offer; no less a low ball offer. There are good reasons to make a low-ball offer. That is what the buyer thinks the house is worth. That is the amount the buyer is qualified for a loan. May need to have th...

 Until now, Phoenix area home sellers where those most severely impacted by the sharp drop in Arizona real estate prices and disappearance of home buyers. A new victim is emerging; .....Buyers of new home construction. There are an increasing number of builders who are suffering from this Real Es...

I have been hearing more and more stories of buyers approaching sellers with offers that include "Cash-Back". Why is this white collar crime and mortgage fraud making a re-occurrence? - Buyers are taking advantage of ‘desperate' sellers hoping they will cross the line to do anything to sell a hom...

Camelot Homes , the #1 ranked Arizona small volume builder (by Ranking Arizona) is in demand new home builder based in Scottsdale is one of the most respected luxury home builders in Arizona. Camelot Homes is offering 2 beautiful homes in Sonoran Mountain Ranch in Peoria, AZ that are well worth t...

the Short sale addendum says There may be disadvantages to a short sale >>> (talk to lawyer/CPA) Short sale may adversely affect the sellers FICO score Seller may not be relieved of debt obligation tot he lender even if short sale is approved Seller may have a taxable event and receive a 1099-S f...

it looks like Wall Street may have reach the point of overreacted in its estimates of damage to credit markets and housing What does all this mean? Wall Street seems to interpret this, at least today , that although, their may be some further pressure on the housing market, that possibly the wors...