Jeremy Smiley - Realtor and Short Sale Specialist with London Properties
Top 10 Fresno Seller Short Sale Questions, Answered. Number 10 Q. I can’t make my house payments but I do have an ability to pay back all or part of the negative equity. Also, I want to preserve my credit score…is a short sale right for me? A. Probably not. In cases where the seller… Read More
Source: Elizabeth Weintraub, About.com Guide A reader asks: My husband and I have been making our mortgage payments every month even though our home is underwater. We owe a lot more than our home is worth. Now, my husband has lost his job. We’re thinking about walking away from our home and letting it go to… Read More
As real estate values have dropped over the last couple of years, drastically in some places, thousands of home owners have found themselves either upside down on their mortgage, unable to afford their payments, or both. The topic of short sales and foreclosures seem to dominate the headlines everywhere. There has been a lot written… Read More
Interesting article… I’ve noticed this trend as of late. Most of the short sales I’ve listed the past couple months haven’t had a true “Financial” hardship. It’s been more of a business decision for the homeowners to drop their “Toxic Asset” and move on with their life. Via: ecreditdaily.com The foreclosure crisis is taking a… Read More
Published: Nov. 20, 2009 By Steve Cook Real Estate Economy Watch Investors buying homes to rent or sell accounted for only 15 percent of the housing market last month as they competed with large numbers of first-time homebuyers flooding the market to buy in time to qualify for the first-time homebuyer credit. The percentage of… Read More
Short Sale Tip of the Month Complete Short Sale Packages—Back to Basics You MUST be certain to submit a complete short sale package to each lender! This may seem like ShortSale101. So, no offense to the veterans among us. But, one of the number one reasons a short sale is denied or a short sale file… Read More
I’m frequently asked to explain the difference between a Fresno short sale and a Fresno foreclosure property. Fresno buyers in today’s market who are cash heavy and have a flexible time frame may be in the best position to purchase one of these Fresno short sale properties. Short Sales: A short sale is when a… Read More
Cheaper to foreclose than offer loan modifications? A new report from the National Consumer Law Center says Mortgage servicers have found it cheaper to foreclose on homeowners than offer loan modifications. The report points out that servicers in charge of modifying distressed loans are separate from the lenders, who have packaged the loans and sold them… Read More
