I receive calls each day from Real Estate brokers that inquire how they can get in touch with clients that are currently 30-60-90 days late on their mortgage and have not incurred a Lis Pendens yet. The essential issue is Lis Pendens listings tend to have a low closing rate. Most of the time poor closing ratios are ascribed to the data going public at a certain period. In which case the market becomes stuffed with telephone calls, direct mail and circulars.

I was very frustrated last week.  We lost a short sale that we have been working on since February. A distressed seller contacted me.  She had gone through some personal troubles and fallen behind on her house payment.  She was supposed to be refinancing, but that fell through as well; she …

I get asked all the time by new real estate investors if investing in hud homes is a good strategy. I will be recap in this article what I tell them…. The increased demand drives up the price and new investors tend to get any and will buy based on emotion instead of logic because they “just want to get their first deal”. If you pay too much for a property, you will lose your shirt on the deal. That’s why it important to not overpay for the property because you make your money on a property on the day you buy, not the day you sell.

The Westside of Los Angeles is the perfect region for real estate neurosis.  Bubbles play on human nature’s manic tendencies and nothing is more volatile than real estate in the Westside of Los Angeles.  I’ve written a couple of pieces highlighting homes in Culver City and Santa Monica and discussed why these regions are prime candidates for the destruction that the Alt-A and option ARM tsunami will unleash later in 2009 and 2010.  Just to give you a perspective, in May only 219 homes sold in the Westside of Los Angeles while the entire county had 6,521 homes sold.  The 29 zip codes that make up the Westside of L.A.

Closing a short sale Closing short sales can be very exhaustive and straining on your nerves, as it needs not only financial decisions, but also has a great deal of embarrassment and emotional issues attached to it. You and your family will have to go through a lot of problems as you close the deal. It is therefore very important that you be as prepared as you can be, in order to reduce the hassles concerned with a short sale and close the deal as quickly as possible.

Closing short income can be very exhaustive and straining on your nerves, as it needs not only financial decisions, but also has a great deal of embarrassment and emotional issues attached to it. You and your family will have to go through a lot of problems as you close the deal. It is therefore very important that you be as prepared as you can be, in order to reduce the hassles concerned with a short understanding and close the deal as quickly as possible.

Aloha, Activity seems to have slowed this week, perhaps because everyone went home after the 4th. An easy gauge for me of the number of tourists on the Island is the Cliff’s parking lot. With two timeshare organizations along with whole ownership in the complex, a full parking lot means the timeshares are going great guns. Not so today, where you have your choice of parking spaces.

Frequently I will get questions about how to market clients that are late on their mortgage, but have not received an formal NOD. Their main interest is that the NOD lists that they are using for marketing are not converting well for them. The reason those listings tend not to convert well is because once the borrowers information goes public they are inundated with phone calls and mail. The next largest matter is that many times once an Notice of Default has been delivered, the client may have already abandoned the dwelling.

Often times I will get questions about how to market clients that are past on their deed, but have not received an official NOD. Their primary concern is that the Lis Pendens lists that they are using for selling are not closing well for them. Nearly all of the time insufficient closing ratios are attributed to the information going public at a particular period. In which case the market becomes riddled with calls, mail and circulars.

by Mark B. Bradley Have you ever heard of Real Estate web 2.0? Well, it is a kind of social website that can be used in order to promote a certain business. In these days wherein people shift on using the internet, it will be wiser for businessmen especially those who are in the field of real estate to use these modern tools for their advantage. Way back, there seem to be a lot of things that we thought to be impossible. Today, those things which we considered impossible are now possible because of the emergence of the so-called ?high-tech gadgets?.

In today’s market most every one knows that the home buyer is in the driver’s seat. It’s simple supply and demand. There is a ton of supply (houses on the market) and very little demand (home buyers with the ability and desire to buy homes). So, in order to get rid of the supply and bring this whole housing market thing into better balance prices need to come down, interest rates need to stay low and lenders — banks, credit unions, mortgage companies — need to loosen up the money flow.

I was very frustrated last week.  We lost a short sale that we have been working on since February. A distressed seller contacted me.  She had gone through some personal troubles and fallen behind on her house payment.  She was supposed to be refinancing, but that fell through as well; she …

Damico Drive, El Dorado Hills, CA – My search for the lowest price per square foot today showed 10 homes for sale under $140 per square foot but the lowest was this two story home at only $119.26 . It was built in 2005 by Standard Pacific Homes on just over .25 acres with approximately 4091 square feet, 5 bedrooms – 1 down and the master and additional 3 upstairs, 4 bathrooms, and an upstairs bonus or loft. From the picture above it appears to have a 2 car garage but there is an additional tandem one for 3 total.

Often times I will get inquiries about how to market clients that are past on their deed, but have not received an official Lis Pendens. The primary issue is NOD listings tend to have a low conversion ratio. Most of the time poor conversion ratios are attributed to the data becoming public at a certain point. In which event the market gets stuffed with telemarketing, direct mail and flyers. Some Other reason is that most of the time the client is so far along in the foreclosure process they are already half way moved out and have given up on preserving their home or credit rating.

I applaud the effort and would love to see a small profit turned on this. First off, whomever negotiated the short sale, good job getting at least that much off. The original owner owed then around $207K, which is very underwater. Bought it in ’07 for $239K, home is only tax assessed @ 180. Way over. So, in for 107 purchase price + the now 67 in repairs = $174+ in money in.

Here’s a trio of South OC properties that recently sold. See where the actual market is right now… 57 Gingham, RSM, 92679 Sales price: $632,000 Sales date: 7/9/09 Sales price/sq ft: $222 Last asking price: $ 649,900 Previous purchase price: $950,000 Previous purchase date: 9/22/06 Size: 5 beds, 3 baths, 2,841 sq ft Our comment: This was a short sale property – at one point the approval price was $674,900. Based on the sales price, this represents a 33% discount off the bubble 2006 price.

My Short Sale Strategy By: Khayyam Jones I have a simple strategy that I use when I want to get a short sale sold. Here is the process:1. List the Property 2. Get an Investor Offer on the Property 3. Collect current Financials & other Short Sale Documents 4. Submit entire short sale packet to lender(s) 5. Order BPO/Appraisal and lender’s BPO/Appraisal 6. Start a “Dutch Auction” list price weekly reduction 7. Negotiate lowest acceptable net price to lender 8. Compare Highest & Best offer with lender’s approved price/value 9.

Vinoy Place condos is proof that it’s all about location, location, location. For downtown St Pete resale condos over $500,000 there’s a 10 year supply – but at Vinoy Place there’s less than a one year supply. Currently there are 9 condos listed for sale in the MLS at Vinoy Place, ranging from $595,000 for an 1,875 sq ft unit (a short sale) to $2,200,000 for a 4,033 sq ft townhome. The typical units range from 2,649 sq ft to 3,373 sq ft and range currently from $990,000 to $1,399,000.

I’ll be the first to admit, I’m not an attorney, I don’t play one on TV and I have no desire to (though I do like reading legal thriller novels)….. But this situation could be scary.   Let me attempt to explain: 1. Seller needs to sell the house and owes more than the house is worth. 2. They list with a Realtor, find a buyer. 3. They bring the documentation to their lender and request approval to sell the house “short” 4.

Remember, as you sit there and dwell on endless complains about the real estate being tormented by a down market, there is a way to find a free foreclosure home listing. You have had so much knowledge in your business as the focal point of expertise, though it might be demanding that, you should undertake some extra education and enterprise, you always have a way out and that is focusing on parts of the industry that are experiencing growth. This means that you have to seek for profitable directions for your business.

Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:”"; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Consumers often believe that appraisals are the absolute final word about a property’s value.

I was very frustrated last week.  We lost a short sale that we have been working on since February. A distressed seller contacted me.  She had gone through some personal troubles and fallen behind on her house payment.  She was supposed to be refinancing, but that fell through as well; she …

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Hartwell Ventures proclaims their confidence as being the only direct proof of funds provider that can perform with legitimate and legal funds that they agree to paying the fees for clients if legitimate funds are found to be used by their competitors. Proof of Funds, Investment Services July 16, 2009——Standing behind their product and services, Hartwell Ventures, nationwide funder has promised to pay for fees associated with satisfying the condition of Proof of Funds for commercial and residential real estate, project funding, leased funding, and transactional funding, for clients if it is found that their competitors are actually using legal and legitimate funds.

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Paul Atkins does it right yet again – Enjoy the information and if we can assist you with your Home Ownership dreams – call or e-mail us! Looking for Great Real Estate Agents that have their focus on you and not the paycheck??? sales and the pendings over the last 30-days . 9/2008 PENDING 580~total 250~are REO & 188~are short pays=75% 10/2008 Pending   639~Total 259~are REO & 231~are short pays=76.6% 11/2008 Pending   563~Total 460~are short pay or REO = 81%

Open on Sunday from 2-4 5449 Waterfield Ct . i n Ann Arbor 48108. Gorgeous well appointed home in the Waterways Subdivision , Saline Schools, Pittsfield Township taxes and Ann Arbor mailing. “Short Sale” Stop by and meet Pat Anderson, of the Missy Caulk Team. Directions: Off Lohr Rd. into Waterways Subdivision. $375,000 Photos, details, virtual tours are here.

NEW LISTINGS: Active 07/10/09 Listing # 111174 1515 18th Ter Key West, FL 33040-4621 Listing Price: $675,000 County: Monroe County Property Type Residential Property Subtype Single Family Key/Island Key West Subdivision Sunrise Shores Beds 3 Aprx Sq Footage-FLA 1691 Tax Records Baths(FH) 2 (2 0) Price/Sq Ft $399.17 Waterfront No Year Built 1950 Lot Sq Ft(approx) 8937 ((Tax Roll)) Alt Key # 1075311 DOM 1 Lot Acres (approx) 0.205   Directions  Ocean side of Flagler.

Often times I will get questions about how to market borrowers that are late on their note, but have not received an official Lis Pendens. Their primary concern is that the Lis Pendens lists that they are using for selling are not converting well for them. Most of the time terrible closing rates are attributed to the data becoming public at a certain period. In which case the market becomes loaded with telephone calls, direct marketing and circulars.

Bob Massey of www.TheAgentMagnet.com explains important steps you need to take to make sure you are dealing completely above board and how to respond to objections from real estate agents who are nervous about short sales! fpllctam2009Tagged as: Asset Protection, Buying Foreclosures, Buying Short Sales, flip, Flipping Foreclosures, flipping houses, Foreclosures, fpllctam09, house, investor, mortgage, Mortgage Fraud,

Looking for a foreclosure, bank-owned or short sale but need to be able to live in the home immediately after closing?It’s time to stop thinking of foreclosures as the proverbial money-pit sitting on the market forever! In many instances, that is just not the case. People are snapping up deals all over Anoka County on homes that are in great condition and priced to sell. Some are bank-owned foreclosures but many are sellers just pricing their homes properly to sell in this changed real estate market.

Looking for a foreclosure, bank-owned or short sale but need to be able to live in the home immediately after closing? Good news is that foreclosures are no longer always trashed, fixer-uppers. Today’s foreclosures can be simply AWESOME! This economy has forced builders and responsible homeowners alike to let amazing properties go back to the bank. Many are still in pristine condition.

Top 5 Kauai Short Sale listings with Pools   – yes, the dream of relaxing by the pool in your Kauai home can come true! No…this isn’t me 5103 PuuWai Road – Kalaheo; listed for $795,000 Stunning ocean and mountain view from this upcountry gorgeous home on over 1/2 acre in the mountains of Kalaheo.  Relax and enjoy the views from the pool, with an adjacent hot tub.   Photos Waipouli Beach Resort C205 – Kapaa; listed for $499,000 Perhaps the best pool on the island

Seen in the Arizona Regional MLS, describing a short sale house: Built in desk and BBQ island DO NOT CONVEY. Seriously?!  The built in desk does not convey with the sale of the house?! What, you’re going to hack it out? What’s next? Are you taking the toilets too? Sometimes I am embarrassed by fellow Realtors. Heather Barr is a former paralegal turned Realtor.