Category Archives: Foreclosure/Short Sales
Sip on Pinot…Save a Pet’s Life
Are you an animal lover? Do you like wine? If so, come out this weekend for the Lost Our Home Pet Foundation (LOH) fundraising event. It couldn’t come at a better time, I received word this morning that the food bank is … Continue reading
Follow up to Treasury Releases Changes to Short Sale Program
It is no secret that I am not a fan of short sales. My main concern with these types of listings is that the prices are made up by the seller and listing agent, not by the bank. In most … Continue reading
Posted in Foreclosure/Short Sales, Mortgage/Financing
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Lost Our Home Pet Foundation Garage Sale, Saturday, May 27, 2010
Earlier this year I wrote a post about the Lost Our Home Pet Foundation. The organization rescues pets that have been abandoned or given up due to foreclosure, eviction or financial hardship. I have been volunteering with LOH and wanted to let you … Continue reading
NAR Foreclosure Purchase Statistics
The National Association of Realtors just released some statistics on Foreclosures purchases. The highlights are as follows: With high levels of foreclosures in many areas of the country, purchasing a foreclosed home has been a consideration for some buyers. Almost half of … Continue reading
How Long Do Potential Buyers Need to Wait to Obtain Financing after a Hardship?
One of the pretty common financing questions I hear these days is, “how long do I need to wait to obtain financing after a bankruptcy, foreclosure or short sale?” Matthew Belmont, Sr. Mortgage Consultant with On Q Financial provided the following outline … Continue reading
Posted in Foreclosure/Short Sales, Mortgage/Financing
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New Short Sale Seller Advisory in Arizona
As further evidence that Short Sales are not going away anytime soon in Arizona, the Arizona Association of Realtors (AAR) and the Arizona Department of Real Estate have created a Short Sale Seller Advisory. The Short Sale Seller Advisory is … Continue reading
Posted in Foreclosure/Short Sales, Listing
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Homeowner’s Survival Event Saturday, March 20, 2010 10am-4pm
I received an e-mail from Sandra DiCosmo, Account Manager, with First American Title to notify me and spread the word about an upcoming event, “The Homeowner’s Survival Event”. This event is intended to educate distressed homeowners about their options and … Continue reading
Typical Counter Offer to Buyer’s Short Sale Offer
Lately I have been working with buyer’s that are looking at Short Sales, as a result, a lot of my recent posts have focused on this topic. Today will be more of the same! I am starting to see more and … Continue reading
Posted in Buyers, Foreclosure/Short Sales
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FHA lifts 90 days Seasoning Rule
On Friday, January 15th, 2010, the Department of Housing and Urban Development (HUD) announced that they are lifting the 90 days seasoning rule in order to “stabilize home values and improve conditions in communities where foreclosure activity is high. The waiver … Continue reading
Understanding Short Sales in Today’s Market
Yesterday I attended a continuing education class, “Understanding Short Sales and REO’s in Today’s Market”. The class was co-taught by Rebecca Riley St. Thomas, Sr. Loan Officer with AmeriFirst Financial, and a Realtor, Brian Gubernick with Homehelpers Consultants. I have attended several … Continue reading
Posted in Buyers, Foreclosure/Short Sales, Mortgage/Financing, Sellers
1 Comment
