Hat tip to daytrip for sending this along: The stench is only the beginning of the damage someone did to the Bay Shore house. Everywhere you turn, something is ruined and Richard and Scott have no idea who did this. "I hear from my brother, there was a squatter living...
Bank of America has rolled out their 'Cooperative Short Sale' process, where they pre-approve the homeowner first, and then suggest a list price to the listing agent: http://realestateagent.bankofamerica.com/content/documents/Cooperative.pdf They appraise the property...
When houses all around are selling for high-$700,000s and up, why does a house have to get down to $639,000 before selling? Last month, two brand-new houses that were virtually the same square footage sold on the same street for $835,000 and $839,000.
I missed this on Sunday, from the U-T: (check comment section) The nation’s largest banks are luring a select number of San Diego County homeowners to complete short sales with the promise of cash, in some cases as much as $35,000 for each deal. These incentive...
With the taxation of debt relief set to resume in 2013, we should see a mad rush of short-sellers trying to time their departure just right, in order to get max cheese, no tax. Hat tip to SM for sending this along from the Sun: Bank of America, the nation's largest...
An agent said it yesterday, and I talked to a loan rep who confirmed it. FHA has expanded their underwriting guidelines for those who have a short sale on their record. They already allow borrowers to come back three years after a foreclosure or short sale, but now...
Here's our next test of the short sale market. It exemplifies a risk that banks may be considering when deciding how much of the mortgage market they may want, once the government gets out:
Thanks to those who commented on the last post about text vs. videos! It feels like working in a vaccum at times, because not that many people leave comments (which is fine). If you have thoughts on the blog material or direction, feel free to comment - I think there...
I still see 1-3 of these per day, with no end in sight. Excerpts from this article at msn.com: Real-estate agent Lynne Wright thought she had found the perfect home for her clients. The quiet house on a cul-de-sac in one of the most prestigious gated communities in...
