Tag Archives: foreclosure

New Short Sale Rules Take Effect in June

Posted on July 4, 2012 by John Anderson

With short sales expected to outpace foreclosures in the coming year, the short sale process itself will be streamlined under new guidelines adopted by Fannie Mae and Freddie Mac. The guidelines, which take effect on June 15, 2012, require mortgage … Continue reading →

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Market is Right for Investment in Single-Family Rentals

Posted on April 20, 2012 by John Anderson

Unlike multifamily rentals, single-family rents increased during the recession, according to a recent MarketPulse report by CoreLogic In fact, the single-family rental market accounts for 21 million in rental units, or $3 trillion in revenues, the report states. Continue reading →

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Realtor Tip 9: Preparing to Negotiate a Short Sale with the Bank

Posted on March 30, 2012 by John Anderson

Negotiating a successful short sale not only takes a thorough understanding of the short sale process, but also a keen attention to detail to manage the different steps involved The shorted bank is not going to pay them. Continue reading →

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Housing Prices to Drop by Nine Percent – Except in Texas

Posted on March 17, 2012 by John Anderson

Housing prices nationwide likely will drop another 9.1% on average before leveling off, according to the latest quarterly market update by Fitch Ratings The agency’s Sustainable Home Price (SHP) model predicts that housing prices still have a ways to go before reaching a level that can be supported by market fundamentals Continue reading →

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Realtor Tip 4: Setting Expectations with the Short Sale Client

Posted on March 1, 2012 by John Anderson

Short sales are unique because both the realtor and homeowner are focused on getting the seller out from the mortgage, rather than increasing the value of the home to bring in offers In contrast, the short sale client is losing their house Setting expectations up front about the short sale process can make the transaction much easier. Continue reading →

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Realtor Tip 3: The First Short Sale Meeting at the Seller’s Home

Posted on February 25, 2012 by John Anderson

A short sale can make the difference between foreclosure and a brighter future for the homeowner, but the short sale process can be laborious Completing a successful short sale demands a great deal of time and attention from the realtor Continue reading →

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Robo-signing Settlement: The Impact on Short Sales

Posted on February 14, 2012 by John Anderson

The settlement closes the chapter on the robo-signing scandal that broke in late 2010, when it came to light that major service providers were signing off on foreclosure documents without following proper protocols – in many cases, without even reading the paperwork. Continue reading →

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Buyer Beware: Economy Hitting Real Estate Agents Hard

Posted on February 9, 2012 by John Anderson

Many real estate agents are feeling the effect of the weak housing market and are no longer making the income they used to as a result of the economic downturn As a result, many real estate agents have gone out of business, and those who remain are making much less than in previous years. Buyer beware Continue reading →

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Why Short Sales are a Good Buy

Posted on February 7, 2012 by John Anderson

Although foreclosures often can be bought at a steep discount, the short sale market also provides opportunities to save thousands on a home purchase while offering several benefits over buying a foreclosed property. Although the discount is not as steep on short sale homes, the savings is still significant, and a short sale generally involves less risk. Continue reading →

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Short Sales Expected to Rise as Housing Prices Continue Downward

Posted on January 31, 2012 by John Anderson

Housing prices in the US decreased 1.4% month-over-month, the report states, marking the fourth consecutive monthly decline. Unfortunately, we still have not hit bottom in the housing market, as several factors continue to drive the downward trend Continue reading →

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