Archive for March, 2010
REAL ESTATE AGENTS TAKE A STAND!
With the new HAFA guidelines going into affect in April, comes another form of LETS DIG IN THE AGENTS POCKET! Look, times are hard and we work damn hard to keep deals together more than ever. So why should we allow servicers/banks hire a vendor to do their job and ask us to pay for [...]
Short Sale Incentives Coming Soon
Catching up on my reading this morning, I was sent and email regarding HAFA which included some note on HAMP which let me to reading more on HARP. Are you confused yet? These are programs to help home homeowners in need of assistance.
Are these programs really helping or does it delay the inevitable? So far [...]
Our Next Problem, More Mortgage Resets?
Recently I was reading some articles regarding ARM resets, spikes in foreclosures and how many foreclosures are actually out there which made me think about something I had read about almost a year ago that not many agents or home owners in general are either aware of or just not paying attention to. Here is [...]
This Month In Real Estate March 2010
Did You Know That Loan Modification Can Hurt Your Credit Score?
If you did not know, if you attempt a loan modification, your credit score will be adversely affected by as much as 100 points. Some home owners are not aware of this and are suddenly being surprised after hearing this can happen whether you are accepted for the loan modification or denied, after the trial [...]
The Most Successful Real Estate Company In 2009!
Real Estate Terms To Know
Current market conditions have made the following terms common so I thought I would post the definitions.
Lis Pendens – A written notice that a lawsuit has been filed which concerns the title to real property or some interest in that real property. The lis pendens (or notice of pending action) is filed with the clerk [...]
Short Sale or Long Sale?
One of my colleagues was recently on the Fox 29 News with this segment regarding an unfortunate issue with a client purchasing a short sale. Its a good information piece for buyers interested in purchasing short sales.
