Daniel Feld's (desertdan) Blog

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Commercial Real Estate Agent - Home Smart Realty
RECENT BLOG POSTS
I just closed a short sale with Bank of America. We got acceptance and close on the same day. My client was an investor, the subject property a rental for 4 years. My client wanted to know if I can short sale his home.  Bank of America has a program called the Co-Op program. No more bank-statemen...
09/15/2011
Annie put down your gun.. Yes there are still zero down loans.  These are real loans backed by none other than The United States Department of Agriculture the USDA.  In Arizona the USDA is providing 100% financing on homes built in these cities. Buckeye, Anthem and Maricopa Arizona. You still hav...
08/31/2011
Tenant has not paid rent and you cannot find the 5-day notice of non-payment, You just got notice that your section 8 tenant likes to park their car on the front lawn. From the 5-day notice of non-payment, non acceptance of partial rental payment, 10-day non-complienace, 48 Hour Notice, Bad Check...
08/31/2011
Out here in the South West we are blessed with lots of sun and very little rain. When it does rain it pours and it feels great when it pours.  In a market saturated with lender owned proprties and investor owned properties for sale how does an agent drive attention to the Short Sale listing.  Whe...
08/29/2011
There are home owners in Maricopa County that have homes that have loss more than 60% of their properties value. I have seen neighborhoods where homes have lost 75% of their value. Either you stay for the long haul or leave.  The stratigic short sale disucess this difficult cross-roads between th...
08/28/2011
The decission between doing a Short Sale v.s a Foreclosure should not be difficult. If you have to Choose, do a Short Sale.  A foreclosure on your credit report has the same effect as a bankrupsy.  There are new short sale programs such as the Co-operative short sale that Bank of America has; The...
08/28/2011
There is a program in Arizona for homeowners who are in default on there primary residence and doing a short sale.  The loan is a portfolio loan that requires the borrower to put 20% down. Interest rates are high I am hearing 9%. There is no prepayment penalty.  With credit couceling you could re...
08/26/2011
Bank of America has rolled out a new Short Sale Program called the Co-opertive Short Sale. If you are a home owner or investor in default in Arizona on a Bank of America mortgage; Bank of America has a program that will give the property owner $2500.00 if you sign up for this program. The propert...
08/26/2011
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Daniel Feld

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