Bank Foreclosures & Short Sales

By vahmed on December 6, 2011

Happy holidays struggling homeowners! Fannie Mae, Freddie Mac and several large mortgage lenders have pledged not to foreclose on delinquent borrowers during the Christmas season.
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By lschottenstein on February 23, 2011

The number one reason why short sales don’t close is because the buyer will become frustrated and walk from the deal. As an agent the must frustrating thing for me is when clients become emotional because they don’t make wise decisions. Once a buyer or seller becomes emotional then they are likely to not make [...]

By amurphy on December 14, 2010

5 predictions for 2011
Freddie Mac analysts point to five features that they believe will likely characterize the 2011 housing and mortgage markets:

By amurphy on December 7, 2010

Alike in some ways, agents are helping the consumer with personal plans and while travel/vacations have pieces/parts; flight, car, hotel, etc… like RE transactions have pieces/parts; staging, marketing, photos, finding the house, getting the right financing, title, negotiations, etc… A vacation might be $5000+ vs. real estate transactions often exceeds $500,000 and ONE simple oversight [...]

By amurphy on November 30, 2010

December 1, 2010 by Angela Murphy, Partner, Revealty
The Internet is a great tool for finding the best deals on many things we buy. But, can you really find a steal of a deal on the house of your dreams online?
The NAR, National Association of Realtors, states over 90% of homebuyers use the Internet to research [...]

By lschottenstein on October 25, 2010

The answer is most likely yes. A seller who is selling a home as a short sale, which is when a home sells for less then the mortgage owed, needs the bank to release the mortgage to sell the home.  The mortgage is simply the security instrument protecting the banks interest in the home. But this dosen’t [...]

By mhogan on September 22, 2010

I recently went through a home inspection with my buyer on a bank-owned property. The property was being sold as-is, with the inspection solely to satisfy the buyers curiosity and at the buyers discretion. To every one’s surprise,  a large nest was found in the attic.

By charpster on July 28, 2010

I expect to see lagging home sale stats for the next month or two, mainly due to the expiration of the tax credit and lack of consumer confidence. Moving forward, I would expect a slow and steady recovery.

By amurphy on December 4, 2009

If you want a higher interest mortgage rate, keep waiting!

By amurphy on October 27, 2009

Banks often buy their own properties at Sheriffs’ auctions and immediately begin to market these properties for sale. Buyers of these foreclosed properties are hanging in limbo waiting for deeds to be processed by the Sheriff. Some of these buyers still have hopes of closing before December 1st, the current deadline for the $8000 tax credit. Will they close?