Buyers

Number #1 Question for Short Sale Listing Agents

Thumbnail image for Number #1 Question for Short Sale Listing Agents

Everyone short sale seller to know the answer to the following question: “Is it true that I can short sale my house and purchase again with no waiting period?” The answer is “yes” and “no” and “maybe.” According to the excellent chart that I’ve shared below (courtesy to my friends at American Capital Home Loans), [...]

March 21, 2012 2 comments CONTINUE READING THIS POST →

Short Sale Buyers and FHA Loans

Thumbnail image for Short Sale Buyers and FHA Loans

It’s tough to get short sales closed these days. Not only is it difficult to obtain short sale approval, but it is also challenging to close a deal where the buyer is obtaining a loan. One of the biggest challenges comes in the form of the FHA loan. We caught up with Brad Yzermans, the [...]

March 12, 2012 3 comments CONTINUE READING THIS POST →

Short Sale Showstoppers (Not a Tongue Twister)

Thumbnail image for Short Sale Showstoppers (Not a Tongue Twister)

The other day I was speaking with a short sale seller and his agent about what I like to call showstoppers. Now, in real life, many people think of a showstopper as any aspect of a show with an act or activity so impressive that the show must be delayed until the audience quiets down. [...]

October 6, 2011 9 comments CONTINUE READING THIS POST →

If You Aren’t Working with Buyers, Maybe You Might Want to Start

Thumbnail image for If You Aren’t Working with Buyers, Maybe You Might Want to Start

These statistics may blow your mind. They almost blew mine just the other day when I saw this White Paper Report published by Tranzact Information Services, LLC. If I stopped you on the street and asked you, “What’s the average FICO score in the United States?” What would you say? Think about it and think [...]

March 23, 2011 5 comments CONTINUE READING THIS POST →

How Do Investor Buyers Affect our Housing Market?

Thumbnail image for How Do Investor Buyers Affect our Housing Market?

There have been a few reports that have come out lately about what happens when investors who buy vacant and deteriorating homes, resell them quickly. It’s is interesting and a little ironic that each report paints a different picture of the effect that a transaction involving an investor buyer will have on neighborhoods. One report, [...]

March 21, 2011 0 comments CONTINUE READING THIS POST →

Buying a Short Sale Home Not Quite as Good as a Trip to the Discount Store

Buying a Short Sale Home I love the 99¢ Only Store. Have you ever been there? I guess that they have them all over. When I was in Mexico in June, I even saw that they have their own version of the store. I love the fact that you can fill up your shopping cart [...]

September 1, 2010 1 comment CONTINUE READING THIS POST →

President Signs Bill to Extend Federal Home Buyer Tax Credit

In case you have been away from the newspaper or the television (or the Internet for the last few days), here’s the latest on the federal homebuyer tax credit: President Barack Obama signed a bill which extends the closing deadline for the federal home buyer tax credit to Sept. 30, 2010. Because the bill is [...]

July 5, 2010 0 comments CONTINUE READING THIS POST →

Short Payoff Fraud According to Freddie Mac

I received a few emails today with regard to what seems to be an update to the Freddie Mac website. More specifically, Freddie Mac has updated one page of their website which discusses what they call Short Payoff Fraud. I reviewed the site, and am not surprised by either their definitions or their solutions. In [...]

April 19, 2010 2 comments CONTINUE READING THIS POST →

← Previous Entries