ARCHIVED BLOG POSTS
2009
I am often asked what the benefits of a short sale over a foreclosure are. Most real estate agents would agree that the borrower's credit score is affected less with a short sale, but there are not any real facts to back that up. When was the last time you filled out a Uniform Residential Loan A...
03/19/2009
Here is the scenario that led me to this revelation... I have been working on a short sale for 14 months and have finally received an approval from the lender and the property is now in escrow. The buyers want to do an inspection, but there is no power and the seller has no money to pay to get i...
03/18/2009
7
Comments
The economic downturn and the current real estate market have made HOA's (Homeowner Associations) very hard pressed to collect their monthly payments from homeowners. I am often asked by seller's facing foreclosure or trying to negotiate a short sale if the HOA back dues that they owe will be w...
03/09/2009
The economic snowball effect is reaching the pace of an avalanche. First it was bad loans putting pressure on home prices and now unemployment is adding to the downturn. The circle is vicious as unemployment fuels the borrowers to miss their payments and the bad loans have spooked banks from le...
03/06/2009
Fannie Mae Eases Credit To Aid Mortgage Lending. This was an article headline from the NY times on September 30th, 1999. Fannie Mae was under "increasing pressure" from President Clinton's administration to expand mortgages to moderate income people. The problem was that moderate income peopl...
03/05/2009
4
Comments
The Los Angeles Dodgers and Manny Ramirez have agreed to terms on a 2-year 45 Million Dollar contract which basically locks up the World Series for the Dodgers. OK, I admit I am a diehard fan and I am hoping my headline turns out to be true! Here is a picture of the real Manny fan in the family...
03/04/2009
