ARCHIVED BLOG POSTS
In Las Vegas the majority of sellers are upside down on their homes. I get at least one call a day from someone that is inquiring about a short sale. If the seller can show a true hardship there is NO reason we shouldn't be able to get a short sale approved for them. We have attorneys charg...
A short sale will have a lesser impact on your ability to re-establish your credit history than a foreclsure or bankruptcy. See below: Here is a summary of Fannie Mae loan policies that went into affect on August 1, 2008. This represents the time period that must elapse before borrowers can dem...
We recently got a call from an agent who was going to show one of our Short Sale listings for the second time. In Wisconsin at this point in time....not everyone understands Short Sales. That everyone includes realtors, attorneys,....and of course buyers and sellers. I asked the showing agen...
Do you have an IRS Tax Lien on the property you are trying to sell? Is your property's market value less than your mortgage payoff? If so, you are in a short sale situation, and a federal tax lien may cause your lender to deny your sale. Why? If, for example, your home is worth $200,000, yo...
FNMA has extended the moratorium on foreclosures for those homeowners who are 90 days delinquent on their mortgage to January 31. FNMA estimates about 6000 homeowners are facing foreclosure between now and then. Will this moratorium work? Not if the current lenders are unwilling to loan modif...
When I first started on Active Rain earlier this year, I had no clue how much I would learn in such a short time. The first thing I remember noticing about Active Rain was that there was vast amounts of knowledge, and so many wonderful people here. I wanted to learn all about Blogging, the bene...
Buyers are a precious commodities these days. Let's take advantage of all the buyers who potentially could purchase your listngs. I wanted to review some data gathered by NAR on where buyers actually found the homes they purchased, whether it was one week or one year after they contacted you. Let...
I thought it was impossible but I'm almost at 500 connections and adding more every day. I'm close to 500 and I'll be at 5,000 very soon! WHAT IS A LION? "A LION is a LinkedIn Open Networker and it's easy to join - just look in the Groups section of LinkedIn. To be an open networker means that...
I've spent a lot of time & energy over the past couple of months thinking about branding, IDX, taglines, color schemes, etc, mainly because I'm in the beginning stages of building an entirely new site, which will bring a new brand into my local market. Obviously, my goal is to bring in an experi...
When talking to individuals who are just getting started in short sales, I often hear the following question, "Why does it take so long to hear back from lenders about my offers?" To help answer this common question, I pulled together a short list of possible reasons causing the long holdups. ...