Recent content by sugarspunZ_IHB

http://online.wsj.com/article/SB1259...tsNewsSecond The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery. Nearly 10.7 million households had negative equity in...

unfortunately renbac your story is very common. when i have a short sale listing i only submit one offer to the bank and then keep one additional offer for back up if the fist buyer falls through. when other agents ask to submit an offer or do submit an offer i call them and explain i am not...

^ PM sent.

and remember this is only for FANNIE MAE loans which are only of conforming ($417,000 max) size. correct?

http://www.fanniemae.com/newsreleases/2009/4844.jhtml?p=Media&s=News+Releases November 5, 2009 Fannie Mae Announces Deed for Lease? Program WASHINGTON, DC -- Fannie Mae (FNM/NYSE) is implementing the Deed for Lease? Program under which qualifying homeowners...

^ it sounds to me that the listing agent and the "specialist" really are not on the ball. verbally approved is not approved and it should not be advertised as such. i wish there were some sort of rule or checks and balance as to what can be written on the MLS regarding the status of a...

To anyone who has attempted the short sale process themselves, they know it?s tedious, frustrating, complex and sometimes, a complete misallocation of precious time. For the novice, this is all too well understood. In essence, the short sale is a re-underwriting of the loan though for the...

The term "Short Sale Specialist" is starting to become the new "Loan Mod". Unfortunately the ex-loan modders are jumping into the short sale pool and muddying up my waters. I am a listing agent and I specializes in short sales and I will be the first to admit that it is a very scary...