The policy of lenders pre-approving an acceptable price for their short sales is becoming more common, and with this offer, they should have plenty of takers! Bank of America is excited to offer enhanced relocation assistance. Qualified homeowners who initiate a...
We saw how pricing was lower with short-sales vs. non-short-sales, but how many short sales are there in North SD County's Coastal region? Either way (including the closed sales from the last three months or not), short sales are making up around 15% of the overall...
BofA conducted a realtor seminar today on REOs and short sales. Some of the highlights: 1. Short sales average three buyers per closing (average two fallouts before the third one sticks). 2. 18% of short sales have some elements of fraud. 3. They forgive...
You keep hearing that banks and servicers have changed course, and are pushing defaulters to short sale, rather than face foreclosure. It's been backed with the common belief that short sales cost less for the lender, and save the borrowers' credit. Does the new...
It is a pleasure to find an agent doing it right - and look how buyers respond:
From sddt.com: In the San Diego-Carlsbad-San Marcos residential market, the level of underwater mortgages leveled off in the second quarter, according to a real estate services company. CoreLogic reported 165,650 of all residential properties with a mortgage (28.1...
From FICO Banking Analytics Blog: One of the questions we get asked most often is whether it remains appropriate for the scoring model to treat a short sale in a manner similar to a foreclosure. Critics assert that since short sales do not cost the bank as much money...
NAR President Moe Veissi praises new help for struggling homeowners. The Federal Housing Finance Agency on Tuesday announced measures to make “short sales” of underwater homes easier for homeowners, including extending help to people who have financial difficulties...
From CAR - scroll down to chart showing SD County #2 in state; only San Mateo County is lower: LOS ANGELES (Aug. 23) – A continued shortage of available homes on the market impeded California pending home sales in July, but pending sales were still higher from the...
How many short sales and REOs are happening in the elite areas of NSDCC? 12% Detached Sales between April 1 and July 31 in Del Mar, Solana Beach, RSF, and CV: Type # of Sales Avg $/sf % of Total SS & REOs 48 $297/sf 12% Non-SS&REOs 338 $431/sf 88% Total 386 $414/sf...
