Have H.A.F.A.? By Anne L. Weintraub, Esquire Anne Weintraub P.A. It was billed as an exciting new government program to assist homeowners who did not qualify for loan modifications under the Obama administration’s HAMP program. Under the Home Affordable Foreclosure Alternatives Program, or HAFA, a borrower could qualify for a short sale by submitting a HAFA application to their lender to receive a pre-approved listing price within 10 days. With the pre-approved price, the borrower would receive total forgiveness of the note on the first mortgage AND the second mortgage, with an additional $3,000 in relocation expenses as an incentive. […]
Jim Soda Collaborates On Publishing The Four R’s Of Short Sales And More. Jim Soda of Prudential Lakewood Ranch Realty joined with others in the Top 5 in Real Estate Network® to release “The Four R’s of Short Sales…and More: The Transparent Approach to a Real Estate-Related Crisis.”
Top 10 Questions to Talk Over with Your Attorney Prior To The Pre-Foreclosure Decision By Jim Soda It is imperative that any homeowner seeking to determine if a short sale is in their best interest, be able to distinguish between their own interests and the interests of lenders, buyers, investors, and real estate-related professionals
Improved Short Sale Process By C. J. Coury The Short Sale phenomenon that has been escalating over the past few years has reached the point where some drastic changes are needed. Today’s most prominent process model for these transactions requires that an offer to purchase be presented to the servicing lender prior to any action being taken to obtain investor approval of the reduction in their pay-off. This, coupled with servicers being woefully understaffed, has had an enormously negative impact on all parties involved in the transaction and has, in fact, contributed to a reduction in the median sale price […]
Greg Owens With Keller Williams On The Water CDPE Certified. Keller Williams On The Water ‘s Greg Owens has earned the Certified Distressed Property Expert ® (CDPE) designation.
Short Sale Myths and Truths; Understand Your Options. Sellers facing a possible short sale and buyers considering purchasing a short-sale property can understand their options by watching “Short Sale Myths and Truths” a 30-minute program airing on Manatee Educational Television (METV).
Andrew Bers and Robbie Petsinger Receive SFR Certification. Prudential Palms Realty’s Andrew Bers and Robbie Petsinger earned NAR’s nationally recognized Short Sales and Foreclosure Resource certification.
SFR Designation Received By Chaim Gleitmann. Chaim Gleitmann of Xena Vallone Realty has earned the Short Sales and Foreclosure Resources (SFR) certification, announced Broker/Owner Xena Vallone, who also holds the SFR designation.
Susan Miller Obtains Short Sales And Foreclosure Certification. Prudential Palms Realty’s Susan Miller, SFR, QSC, with 23 years in real estate (21 of it in Sarasota/Manatee area) earned the nationally recognized Short Sales and Foreclosure Resource certification (SFR).
NAR SFR Certification Awarded To Ron Gordon and Reneé Marquiss. Xena Vallone Realty’s Ron Gordon and Reneé Marquiss have earned the Short Sales and Foreclosure Resources (SFR) certification
Cristy Carrington Lewis Named Lead Account Manager For Short Sale Division. Michael Saunders & Company announces the formation of Short Sale Division. Rejoining Michael Saunders & Company as the new division’s Lead Account Manager is Cristy Carrington Lewis.
What’s So Bad About Short Sale Flips? By Anne L. Weintraub, Esquire Anne Weintraub P.A. REALTORS®, buyers and sellers are being approached by vendors on a daily basis to participate in short sale flips. Short sale flips occur when a third-party individual or business negotiates with the seller’s lender to take a short payoff. The lender relies on the vendor’s package from the seller which includes an offer from a buyer-who may actually exist or not-when it grants the short sale approval. The buyer allegedly closes on the property, the lender gets paid off, and then the buyer sells […]
Tuesday, February 8, 2011
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