Wachovia Short Sales are my favorite, so this is GREAT news!Wells Fargo announces expansion of the Wachovia Fast Track Short Sale Program to include Wells Fargo Portfolio Loans. The highly successful Fast Track Short Sale program that was launched on Wachovia Loans first, has now been expanded
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05/26/2010
As a rule, we typically list our short sales within 10% of the market value of the property. Any lower than that, and we are asking for the lienholder to decline the short sale.One of the keys to having a successful Short Sale is pricing. Now there are folks that say pricing doesn't matter becau
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05/26/2010
This is probably the most important factor for most homeowners when considering a short sale. What will the impact be to my credit, and when can I buy again? So, here is the scoop. FHA Financing Guidelines after a Short Sale, Bankruptcy, Deed In Lieu of Foreclosure or Foreclosure:Chapter 7 Bankr
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05/24/2010
More and more Canadian residents are heading south to find a second home or investment property in the sun as the Canadian currency reaches parity with the U.S. dollar. About 27,000 Canadians bought vacation homes in the U.S. last year, according to the NAR (National Association of Realtors). A
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05/24/2010
The Arizona Real Estate Market continues to be RED HOT with record sales for the second month in a row. Today's real estate market in Arizona is being driven primarily by three types of home sales. 37% of the sales were REO/Bank Owned Foreclosures, 21% of sales & 40% of closings were Short Sales
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05/24/2010
My client now thinks I am a Jedi Warrior....a Ninja! She is singing my praises because we just got a Trustee Sale extended on her home and yesterday, Midland Mortgage, was telling us there was no way that was going to happen. This is the second month in a row we received this response from Midl
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05/21/2010
Your dollar is doing well, and with Arizona real estate, it is definitely a buyer's market. Maybe it's cold and you are yearning for some Arizona sunshine.....or you are a Canadian Realtor and have a client looking for an investment/a winter (snowbird) home or you or your client are looking for a
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05/17/2010
This is for Fannie Mae guidelines. Fannie Mae guidelines are the most used guidelines. FHA has their own guidelines and we have heard of people being able to get FHA loans right after short sale if they were only 30 days delinquent, not in foreclosure and had to do their short sale because they w
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05/17/2010
1. They don't ask enough questions of their lender and end up missing out on the best deal. The home buying process really starts with the pocket book. Not only do you need to know how much you can afford to buy now, but you need to look at what the closing costs are, as well as what the long ter
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05/17/2010
When exploring your options/alternatives to foreclosure, the most common option first considered is a loan modification. I received a short sale listing referral from my broker the other day, and my first question to him was if the clients had attempted to modify their loan. His response was no
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05/14/2010
