Short sales can mean bonuses for some homeowners from SF Gate.
There are both credit and financial benefits for a property short sale
Some Lenders will pay you up to $20,000. Many people, who completed a short sale can qualify for first time homebuyer incentives. My team of qualified, nationally recognized lenders, are standing by to qualify you for your next home, today.
Seriously considering a short sale and not a loan mod, I can solve your problems with a successful short sale.
Sale completed in 45 days.
Contact Me - Questions or More Information 510.206.7144, click photo
Call today to find out… Are you or someone you know…
- facing foreclosure ?
- behind on mortgage payments ?
- having to sell property but can’t ?
- experiencing a job loss ?
- co-signed on a mortgage that is now underwater?
I have successfully negotiated over 100 short sales in the last six years and have the inside information for dealing with the giants like Bank of America, Wells Fargo/Wachovia, Chase and Citibank
Call me, jaynelle, 510.206.7144.
Now this is a surprising role for Diane Keaton. The Hollywood house restorer extraordinaire appears to have bought a house that … doesn’t need a thing!
After years of restoring luxurious Hollywood homes and earning a spot as an Architectural Digest mainstay for the way her renovated homes have been re-sold to other celebs, Keaton is trying something new: Buying a house that’s move-in ready.
Built in 2009, the Pacific Palisades home already has high-end finishes, including Sub-Zero appliances.
Read the whole article Diane Keaton Buys Newer Pacific Palisades Home for $5.6 Million | Zillow Blog.
Is beauty in the eye of the beholder? These 8 ugly houses answer that age-old question with a resounding: Yes! Despite some odd proportions, strange building materials, and off-the-wall colors, these prideful homes all have redeeming qualities that endear them to their owners. For one, they’re all unique. And in this cookie-cutter world, that’s saying a whole lot! Which is your favorite?
Ugly Houses | Unusual Homes Around the World | HouseLogic.
If you’re thinking about selling your home, you are probably asking yourself, “How do I find out how much a house in my neighborhood sold for, and are the prices houses sold for in my neighborhood comparable to the price I could ask for my house?”
When deciding how much you should list your house for, you have a couple of options.
A CMA will Show what Prices Houses Sold for in Your Neighborhood
If you’re looking to sell your home, a real estate agent will be able to give you the prices houses sold for in your neighborhood. This will help you determine how much you should list your home for.
If you’re selling your home, you need to get the best and most accurate pricing data you can find. The best way to do that is by contacting a real estate agent. There is typically no charge for getting specific information on how much houses in your neighborhood sold for. A realtor will go through your home and provide a Comparative Market Analysis (CMA). This is typically free of charge, and there is no obligation for you to list with anyone who prepares the Comparative Market Analysis. The CMA will provide information on how much several comparable houses in your neighborhood sold for.
Just ask us to give you a Comparative Market Analysis or information on the prices of houses that sold within the past three months in your neighborhood. You’ll also want to know which of the houses sold in your neighborhood were short sales and bank owned.
There’s a flicker of hope despite the nightmarish poverty and unemployment numbers released in the past week. Signaling that the government is indeed concerned about the housing market situation, top Senate lawmakers started debating housing finance reforms at a Congressional panel. Among the issues taken up were whether to wind down government backed entities Fannie Mae and Freddie Mac. Many people following the housing market have wondered, why do we need Freddie Mac and Fannie Mae at this stage in the game? According to Reuters, lawmakers on both sides of the aisle agree that the two entities should be “wound down,” but senators can’t decide where the government should have a role in doling out housing finance subsidies.
Senate Banking Committee Chairman Tim Johnson, D-South Dakota, was quoted in Reuters saying he is concerned about consequences that might happen if the government completely washes off its hands. He said that historic low mortgage rates, now around 4 percent, would likely inch upwards. Peter Wallison, an American Enterprise Institute fellow, argued in favor of a private system to enable investors. Right now, taxpayers are forced to take the risks the government is taking, he said.
It will be interesting to see how this debate shakes out. According to Reuters, the first test will come at the month’s end when the conforming loan limit draws back to pre-financial crisis levels. Lawmakers were warned by industry experts against reducing the size of government-backed mortgages. According to a Wall Street Journal story, without lawmakers’ intervention the maximum number of loans backed by Fannie Mae and Freddie Mac would drop Oct.1. The paper reported that Democrats representing pricey coastal areas and real estate lobbyists are advocating to block the change, but they have failed to make any headway. Only a handful Republicans are in their corner, the others want to reduce the mortgage market’s dependency on the government, the paper reported. For potential homeowners, this would be a good one to follow. At a time when lending has come under strict scrutiny, it’s easier to get the government-backed mortgages than seeking your luck with a private lending agency.
Bank of America says it’s making changes to its short-sale procedures that will shorten decision times on short sale offers to 20 days, down from 45 days or longer.
The new task flow in Bank of America’s short-sale management platform, Equator, will enable short-sale specialists to conduct tasks like document collection, valuations and underwriting simultaneously. When buyers walk, agents will have five days instead of 14 days to submit a backup offer. Contact us for more information.