Jeremy Smiley - Realtor and Short Sale Specialist with London Properties
Little Hope for Homeowners in Obama Speech – Fresno, CA
VIA: Housing Predictor
By Mike Colpitts
Facing stiff political opposition, rising protests over government bail-outs and growing anger President Barack Obama delivered his first State of the Union Address without mentioning the foreclosure crisis. But he spent plenty of time addressing the financial crisis, reining in excessive risk … 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 foreclosure, … 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 troubling turn. … 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 first-time buyers … 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 is closed is … 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 home owner … 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 in … Read More
This just in… Bank of America/Countrywide are coordinating with an outside company REOTrans.com to streamline their Short Sale process.
After months and months of cries and moans over the B of A short sale…we’re getting news that there has been a grouping of these to entities to assist in the processing of open short sale files.
It … Read More
London Properties
Cell: (559) 790-8760
Fax: (559) 761-0505 ... [Read More…]
