As I mentioned in my last post, REO property disclosure is an important part of the property selling process for an REO agent. When there is no seller, or when the property is an REO, it’s important for the real estate or REO agent to disclose on behalf of the bank or lender. There are [...] Read more »
Is Freddie Mac Taking a Stand Against Mortgage Scams and “Floppers?”
Earlier this month, we discussed how Short Sale “floppers†were casing house listings for an opportunity to make a profit off your underwater mortgage. On Monday, Ed Haldeman, CEO of Freddie Mac, released a statement outlining popular mortgage scams, their response and suggestions for identifying Short Sale floppers. In this national initiative, Freddie Mac is [...] Read more »
Is a Strategic Short Sale Still a Good Option for LA County Homeowners?
If you’re a homeowner, a strategic Short Sale is the option in which you’re able to continue making your mortgage payments, but you’re upside-down with your home loan. Usually, in a Short Sale, you are behind on your mortgage payments, but in the case of a strategic Short Sale, it’s possible for you to begin [...] Read more »
An Ironic Twist – The Mortgage Bankers Association Begins Short Sale Procedure
I guess no one is immune to plummeting property values and high mortgage rates… Unable to make good on its mortgage, The Mortgage Banker’s Association of America, has begun the short sale process for the Washington, DC Headquarters it purchased with a commercial loan in 2007. The MBAA is selling the building to CoStar for [...] Read more »
How Do Short Sales and Foreclosures Impact Your Credit Rating?
If you’re a homeowner who is experiencing difficulties paying your current mortgage, or are finding yourself forced into the foreclosure process, you may wonder if it’s better to Short Sale your home or continue on the foreclosure path. Depending on your specific circumstances, there are certainly advantages and disadvantages to both. While you can stay [...] Read more »
Free Training and Awards at the REO EXPO 2010 in Dallas, Texas
Well, I’m back from the REO EXPO in Dallas Texas. All in all, it was a great REO conference and a fantastic chance for me to catch up with a lot of my colleagues. As REO Real Estate Agents, we tend to get caught up in the work and don’t get as many opportunities to [...] Read more »
The Top 10 Myths About Loan Modifications
As a homeowner, figuring out how to start the Loan Modification process can be confusing. All the confusing and inaccurate data that is posted on the internet and spread around on the news is based on the understanding of writers and journalists that may not understand the Loan Modification process. So how do you know [...] Read more »
Ultramodern Pine Avenue Courtyard Lofts
Address: 819-849 Pine Ave. Long Beach, CA Units: 16 Types of Units: 1 bedroom (private upstairs master bedroom lofts), 1 bath Size Range: Approx. 800 sq. ft to 1,150 sq. ft., varied floor plans Stories: 2 Year Built: 2005 Average HOA Dues: $215 Indoor Amenities: •   Ultramodern downstairs fireplaces •   State-of-the-art gourmet kitchens, some outfitted [...] Read more »
Quality Bank-Owned (REO) Los Angeles Home for Sale
For More Photos Click Here Price: $204,900 Call to Schedule a Personal Tour Address: 626 W. 110th St., Los Angeles, CA 90044 Home Type: Single-Family Traditional, Single-story Square Feet: 1,176 Lot Size: 5,002 Year Built: 1925 Rooms: 3 bedrooms, 2 baths Outdoor Extras: Secure fence; located on a very nice street; detached 2-car garage; long [...] Read more »
