Mary Ellen Holleran's (maryellenholleran) Blog

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Real Estate Agent - Holleran Real Estate - North Carolina#230941
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I don't take on listings that are VA short sales. I have found that the  VA is more difficult to deal with during a short sale than traditional banks. They want to recover at least 80% to 88% of what they are owed. Here's the thing, this includes agent commissions, outstanding HOA dues, over due ...
09/19/2011
http://www.governmentrefinanceassistance.com/ Options for homeowners before the trouble starts. Before you list a home be sure ask the difficult question about the condition of the sellers loan. Our listing agreement includes language that is the perfect segway to discussing programs to help home...
09/18/2011
Strategic Default:  http://www.housingwire.com/2011/05/16/signs-show-strategic-default-on-the-decline Homeowners are finding ways to resolve their mortgage issues and not taking the less desirable walking away. Companies popped up to preyed upon stressed homeowners and took advantage of a bad sit...
09/17/2011
http://realestate.aol.com/blog/2011/09/16/will-baby-boomers-rock-the-housing-market/ I would love for this to be true but we need so much help at so many levels to keep people in homes, get people in homes, and keep them from losing homes. I hope that boomers can provide a healthy contribution bu...
09/16/2011
Do I need a social media expert? I just read an Active Rain blog about utilizing Google and getting to the top of the search engine. It sure looks like a full time job to me. It’s not that I don’t think I can handle it but it’s time that I’m not sure I can spare. Then again, paying somebody to ha...
09/16/2011
I assist homeowners or consult with other agents on short sales and have had a very busy week. I am involved with over a dozen right now, several under contract. I had a discussion last night about whether I believed all the short sales that I do are legitimate. Not that I am involved in fraud b...
09/16/2011
I had the best experience with a 2nd lien of a short sale today and want to give kudos to the negotiator. I know they get bashed regularly so I think when there’s a good experience then compliments are appropriate. So, Gary at Household Finance Collections called to get information on the second ...
09/16/2011
I am running a short sale on a multi million dollar home. Admittedly, this is a price point that I don't work everyday and have a question about the $1.3 million dollar equity loan. I generally settle the second with Wells Fargo at about 7% to 15%. I'm wondering if this is true for something of t...
08/05/2011
I have a request from Fidelity Bank to sit down with the homeowners to discuss the second lien on their home. It's a short sale, the first is covered by the sale but the second is short. I have never had a lender ask to sit and talk with the homeowners and wondering if anyone is familiar with thi...
08/05/2011
This is a question I get often and, you see from reading my past blogs, find that even real estate agents confuse foreclosures and short sales. I heard a statistic today saying that something like only 35% of homeowners know what a short sale is. I have decided to start from the beginning and go ...
08/02/2011
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Mary Ellen Holleran

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