In speaking with a source earlier today, one who is now completely out of the REO investments space, he remarked, “REO is a dying business.” It’s a development he seems happy with and added, “there is no positive reward [to doing REO], it’s always a regrettable situation.” It’s a sentiment shared by the industry, which
About Short Sale San Diego Realty
Short Sale San Diego Realty is a Local Real Estate Company that specializes in Distressed Property Sales. Our team has successfully negotiated over 1500 short sales since established in 2006. We are licensed by the California Department of Real Estate and have a full time staff of real estate agents and short sale negotiators. Our proven system has allowed us to negotiate short sale approvals with almost every lender and loan servicing company. Our team holds professional designations that include PSC, CDPE, Platinum Equator Certified and Five Star Short Sale Certification.
Short Sale News
This is the story of Adam Truman and Bob Bowder. Adam and Bob met their first year in college. They hit if off right away thanks to their mutual love of baseball, craft beers, and vintage muscle cars. Even though very different people by nature, when they were together everyone would always smile. Right after
In another move to protect struggling California homeowners, the CALIFORNIA ASSOCIATION OF REALTORS(R) (C.A.R.), is sponsoring a bill so that homeowners who face losing their home and have negotiated a short sale in good faith with their lender or servicer are not forced to go through foreclosure. Assembly Bill 1745 (Torres, D-Pomona) prevents lenders or
As a last ditch effort to avoid foreclosing on delinquent homeowners, the lending industry is turning to the short sale, a once rare tool that allows a homeowner, with the consent of his lender, to sell his property on the open market for less than enough to pay off the mortgage. But as short sales
Q. Have you found that some second lenders are still holding your short sales hostage by not settling for the amount the first lender is willing to pay them? I recently worked on a file where the first was a Fannie-owned loan and the max they allowed to be paid to a second is $6,000. The