Archive for May, 2010

The Appraisal: Have a Back-up Plan

admin
May 25 |14:28

All you want to do is get to the closing table!  You spend weeks, months, and marketing time and effort. You suffer short sale negotiation headaches.  You find the perfect deal or a great buyer.  Then, BOOM! The Appraisal tries to sink the boat.  Despite the new Appraisal guidelines, the numbers are still a crap-shoot that can put serious holes in the deal.

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Home-Buyer Credit Warping View?

admin
May 24 |14:31

Thank you National Association of Realtors for keepin’ it real.  According to data released today, April saw a 7.6% increase in resale of homes.  In a rush to beat the tax credit deadline, there are currently 5.77 million buyers rushing to the closing table.  But, before touting “economic health regained”, NAR also reported that available inventory jumped 4.04 million, or 11.5%, in April too.

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4.3 Million Short Sale Listings

admin
May 20 |14:42

Nearly 8% of all mortgage holders in the U.S. are at a serious risk of losing their homes and 14% are at some stage of delinquency, according to the Mortgage Bankers Association. That means that nearly 4.3 million homeowners may need to short sale.  These homeowners are either in foreclosure or are at least 3 payments behind.  If they can’t modify quick they may need a trained real estate professional, like you.

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