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Jul
24
Posted under
REAL ESTATE by admin
http://realestatemarketingthisweek.com/short-sales/short-sale-objections-advantages-and-hardship-letters-keeping-the-home-owner-in-the-home-helps-fight-vandalism/ - Short Sale Objections, Advantages and Hardship Letters; Keeping the Home Owner in the Home helps fight vandalism -
Part 3 - One of the things I mentioned at the beginning of the last segment is this special allotment of funds that we received from one of our mortgage banks that we currently have available, a 30 year fixed, no pre payment penalty this is the real deal just what youre looking for a 4.875% interest rate with an APR of 4.95% and that is available we do have people at the office right now if you have questions in regard to that they can answer them for you. You would call 480-Velocity
Michael, I have some clients who are buyers that would love that rate. Is that available to buyers as well? Actually, yes its that rate is for a no cash out refinance, no higher than 80% LTV, they have to have perfect credit to hit this number but even in some cases, well with this particular loan there are some closing costs, but one of the things we have available too is a no cost option and that interest rate is for people who are doing the purchase or refinancing and that rate is only 5.5%. The interest rate is 5.5% and the APR is 5.5% so that is for purchase money as well.
Were back talking here with Jeri League and Kalyn Roberts, were talking about the objections to doing short sales, there is another one you wanted to point out Jeri?
Yes, one more objection that people often have when we talk to them about their particular situation is that people feel that they have to be behind on their mortgage payment in order for a bank to consider a short sale and that is not true, the bank analyses everyones entire situation, we have people write a hardship letter, they want to see your financials and there is an entire situation not just being behind on your mortgage payment.
Your hardship may be that youre being relocated by your employer and you simply cant sell your home for what you owe on it due to todays market conditions. The banks will definitely look at that.
People think that the key is that you have to be late but that is not the case. That is really good to know, so we talked about the objections or the pitfalls rather what about the advantages to doing a short sale?
The biggest advantages to doing a short sale are: that its less impactful on your credit typically than a foreclosure and one of the most exciting benefits is that we can often extend the foreclosure and keep you in your house longer. In Arizona banks have a right to start a foreclosure as soon as youre over 30 days late on one mortgage payment. In todays current economic situation most banks are not starting that process for three to six months, but again that is most banks. They can start after one month.
Yes, but once they start the foreclosure process its a 90 day process in Arizona. So you will get a notice that says basically you have 90 days to come current with the note or to move and they are taking your house and selling it in 90 days. Now once we start the short sale process many times we can extend that foreclosure date.
I have personally done one that we had the home owner in for almost a year from when they stopped making their mortgage payments. Its not uncommon to be two or three months past the original foreclosure date that they gave you which of course gives people a lot longer time to decide what they are going to do, especially if its a family, they are not in such a rush to move, they can keep their kids in the same school district, there are so many reasons that that is a good advantage.
So Kalyn the truth is that homes that are occupied generally are better off and easier to sell than vacant homes right? So long as people are in the house and taking care of the house, if the house looks lived in but not trashed. What youre saying is lenders would just as soon leave them in the house then to have it vacant and potentially vandalized.
Definitely, the lenders prefer to have somebody living in there because they are taking care of the home, like you just said when the homes are vacant there is a high risk of them being vandalized, unfortunately and the worse the economic situation in the country gets the higher the vandalism rate on homes goes. In fact we were talking with a realtor in our office who typically takes listings in some of the lower income areas in town and they are going to stop putting signs on vacant listing because they are getting vandalized so much… http://realestatemarketingthisweek.com
Duration : 0:6:19
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Jul
23
Posted under
VERO BEACH by admin
http://www.therealestatehomeshow.com/ns_viewListingDetails.asp?listID=20498
Overlooking the sparkling waters of Floridas Intracoastal is the beautifully constructed architectural jewel, Silver Sunrise located in Marsh Island, an exclusive enclave in Vero beach.
Duration : 0:0:47
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Technorati Tags: 32963, 9160, beach, drive, estate, fl, for, Homes, island, Marsh, real, rehs, sale, tours, vero, Video
Jun
29
Posted under
GRAND HARBOR by admin
Video tour of Benton Harbor’s New Address, 158 Grand Blvd. $1,425,000. Life’s a beach at Grand Boulevard. Walk out the door, on to the sand, and into Lake Michigan. Amazing views from this new home that’s ready and waiting for you. 2100 SF, 4 beds, 3.5 baths, finished basement, granite, hard woods, master deck, screened in porch, adjacent to the upcoming Jack Nicklaus Signature golf Course. Act now! Email LPetzke@ShipStreetRealty.com for more information.
Duration : 0:9:53
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Technorati Tags: downtown, estate, for, home, joe, joseph, Lake, lars, MI, Petzke, property, real, realty, sale, Ship, St., Street, View
Jun
20
Posted under
REAL ESTATE by admin
This Month in real estate looks at the decrease in foreclosure filings, and how an increase in short sales might be playing a role in the number of foreclosures filed.
Duration : 0:3:43
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Technorati Tags: agent, bank, bryon, buyer, ellington, estate, foreclosure, home, house, jay, lender, mortgage, papasan, real, sale, seller, short, Timeline
May
15
Posted under
REAL ESTATE by admin
Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation.
Duration : 0:2:44
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Technorati Tags: beach, Boston, boulder, bryon, cities, distressed, economy, ellington, estate, First, foreclosure, Francisco, gallup, happiest, healthways, home, in, jay, jose, Kansas, minneapolis, Month, papasan, prices, properties, Raleigh, real, sale, Sales, san, Seattle, short, This, Time, virginia, Washington
Jun
13
Posted under
REAL ESTATE by admin
Visit www.WaterfordDrive.com and www.LiveInGraniteBay.com for additional details & information. Marketed by Elaine Bierstock of Coldwell Banker at 916-791-0535. This spectacular estate home on 1.1 acres in the Douglas Ranch subdivision offers 5 bedrooms and 5.5 baths in the main house, plus a Pool house with kitchenette, bedroom and bath with outside access. There’s also a 5-car garage with RV/boat bay and separate storage room. Simply breathtaking backyard, with year-round color designed by Bushnell, and stunning pool & waterfalls by Nature Design, is adjacent to gorgeous wetlands. The sports court is tucked away behind the pool waterfalls, and the raised/boxed vegetable and fruit garden enjoys a private spot behind the Pool House. This is an amazing home in the Eureka Union School District with Granite Bay High School. Call Elaine for a private viewing.
Duration : 0:8:7
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Technorati Tags: acreage, Bay, CA, California, county, Douglas, estate, for, Granite, Homes, Placer, Ranch, real, sale, View
Jun
03
Posted under
Uncategorized by admin
Go To WWW.STARCARVIDEO.COM Video of our Real Shelby GT-500 For Sale! Cool Website…
Duration : 0:6:24
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Technorati Tags: 1967, 500, car, Eleanor, Fastback, for, Germany, GT, motor, Mustang, Netherlands, Norway, Recreation, sale, Shelby, sport, star, sweden, Unique, Video
May
31
Posted under
Uncategorized by admin
For more details, please visit us here:
http://www.luxuryportfolio.com/property/vero_beach/deep_oceanfront_lot_.cfm
6 bedrooms, 6 full baths, 3 half baths
Vero Beach, Florida
MLS Number: 100277
Luxury Portfolio Fine Property Collection is proud to present this amazing offering in Vero Beach, Florida. You’ll find 6 bedrooms, 6 full baths, and 3 half baths in this outstanding oceanfront home. Eighty-two hundred square feet of British Colonial-styled residence with 6 bedrooms and 8 baths will exceed your expectations. Interior finishes by Spectrum will dazzle you. An additional three thousand square feet of outdoor living area with choice views awaits. All state/local permits approved with golf, tennis, boating available at Moorings Club (upon approval). This property is listed by Dale Sorensen Real Estate, a member of Luxury Portfolio Fine Property Collection.
Duration : 0:0:52
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Technorati Tags: Collection, Dale, estate, fine, for, Homes, luxury, Portfolio, properties, property, real, sale, Sorensen, vero
May
29
Posted under
REAL ESTATE by admin
Each month, This Month in real estate provides expert opinion and analysis on real estate trends across the nation. The aim is to combat the “doom and gloom” messages of the national print and television media with real information on real estate.
Duration : 0:3:13
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Technorati Tags: advantage, America, american, arizona, buy, California, confidential, David, distressed, Down, economy, Fannie, fha, FLORIDA, foreclosure, Freddie, home, Homes, house, houses, Information, interest, Low, mac, Mae, money, mortgage, nevada, news, no, Rates, realty, reed, sale, sell, short, States, United, US, USDA, VA
May
22
Posted under
REAL ESTATE by admin
Recent economic happenings:
Consumer spending, Auto, GM, real estate and Housing, Banking and the Financial Industry.
Tags: stock market real estate collapse doomsday foreclosure downturn The dollar housing crisis financial crisis subprime hyperinflation hyper inflation economy economic downfall investing for sale training agent agency selling fed federal reserve money fiat gold silver commodities housing bubble crash 2009 2008 Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke trading forex
Duration : 0:8:46
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Technorati Tags: 2008, 2009, Agency, agent, Alex, ben, bernanke, bubble, celente, collapse, Commodities, crash, crisis, dollar, doomsday, downfall, downturn, Economic, economy, estate, fed, federal, fiat, financial, for, foreclosure, forex, gerald, Gold, housing, hyper, hyperinflation, inflation, Investing, Jim, Jones, market, money, peter, real, reserve, rogers, sale, schiff, selling, silver, Stock, subprime, The, trading, Training
