Home Buying Tips: Negotiating House Price

Wednesday, November 30th, 2011

Making an of Offer on a House Without a Buyer’s Agent. Thinking about making an offer on a house without a real estate agent? Nervous about negotiating the best house price in this crazy economy? We don’t blame you. When it comes to buying a home, negotiation can mean the difference between a few thousand […]

Renewed trust for tough times

Friday, September 2nd, 2011

Does it feel like trust is one of the major casualties of the economic meltdown of 2008 – followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?” Weren’t we assured that home values were destined to go up and up and up?There have been lots of promises […]

Short Sale Fraud and a Warning from Freddie Mac

Wednesday, August 24th, 2011

With the rise of short sale, so to is the risk of fraud. Freddie Mac is sending out a warning to Realtor’s & the public of the top four short sale fraud schemes. Rigging sales & illegal flipping. In essence, a Realtor rigs the transaction to a low price & hides the better offer from […]

Handling the Stress of an Unaffordable Mortgage Payment

Monday, August 8th, 2011

Whenever I research the latest foreclosure and distressed property statistics, the sheer number of Americans facing the stress of losing their homes amazes me. It is my goal to help as many homeowners I can either stay in their homes or relieve the burden of their mortgages. Knowing that there are so many that need […]

Short Sale vs. Foreclosure?

Thursday, July 14th, 2011

You make the call! I get the question from people all the time: short sale or foreclosure, which is the better option? My knee-jerk reaction is always “Are you kidding? Short sale, of course!” This has been mostly because I was always under the impression that a short sale, although still a ding on your […]

Bank of America Overhauls Equator System, Accepts Back Up Offers

Wednesday, July 13th, 2011

The short sale process can be lengthy and complex. Unforeseen changes may occur during this process that would prompt you to submit a backup offer to replace the original short sale offer on the property. This could occur if: •The original buyer walked out during the process, but you have a backup offer ready to […]

New Online: Free HAMP Calculator

Monday, June 27th, 2011

The U.S. Treasury Department has created a free tool for home owners to assist them in conducting a net present valuation (NPV) of their mortgage for the Home Affordable Modification Program (HAMP). CheckMyNPV.com can be used by homeowners who have been denied a HAMP modification because of their NPV result. You can start the process […]

Fannie Mae Website – Short Sales & Foreclosure

Thursday, August 5th, 2010

I came across a website for consumers that address questions about foreclosure, short sales and ways to stay in your home. It allows you to see if your mortgage is owned by Fannie Mae, contact a housing counselor and provide a financial checklist. Click here for the Fannie Mae Website

Pending Home Sales Rise in April

Wednesday, June 3rd, 2009

The number of U.S. homebuyers who agreed to purchase a previously occupied home in April posted the largest monthly jump in more than seven years, a sign that sales are finally coming to life after a long and painful slump. The National Association of Realtors said Tuesday its seasonally adjusted index of sales contracts signed […]

Short Sales

Wednesday, May 27th, 2009

Many sellers in today’s market have little or no equity, or simply, the seller owes close to or more than the property is worth. In these situations, lenders are apt to accept less than the full amount due, commonly referred to as a ‘short pay’ or ‘short sale’. Many folks who are ‘upside down’ on […]