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Posts Tagged ‘Roseville Short Sales’
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Why agents may get sued for short sales…
September 26th, 2010 
Jen Klein A short sale by definition is the bank accepting less than what the seller owes. It’s not traditional and definitely an ever changing science. Just as in any situation there are people taking advantage of distressed homeowners, which in turn effects banking institutions. Let me site an example to help understand where problems might lie [...]
“Notice of Intent to Accelerate”
September 7th, 2010 Jen Klein Bank of America has started issuing a , “Notice of Intent to Accelerate”, typically to loans that were previously Countrywide Home loans. Countrywide home loans were purchased by Bank of America and that is who you now make your mortgage payments to. If you’ve received one of these notices I’m fairly certain you are not current on your mortgage and for most, severely behind …
Fannie Mae and Freddie Mac
September 6th, 2010 Jen Klein Did you know that who your mortgage servicer is may not be as important as WHO the mortgage holder is? For example your loan may be serviced by Bank of America or Wells Fargo, but the owner of the mortgage maybe Fannie Mae or Freddie Mac.
Having the settlement letter does not ensure a postponement to a trustee sale
August 3rd, 2010 Jen Klein More often than not, losing a home to foreclosure can be avoided. Simply staying on top of the bank by demanding everything in writing, and confirming details with all involved parties, leaves nothing to be chanced.
Broker Price Opinion (BPO) and how it can effect your short sale.
August 2nd, 2010 Jen Klein An essential element to completing a short sale is a BPO, which stands for Broker Price Opinion. Essentially this is the bank’s way of obtaining a value on the subject property. Not to be confused with an appraisal …
Life after a short sale
July 12th, 2010 Jen Klein Often I’m asked how soon after I short sale can I purchase a home?
Second Mortgages Fight Back! Do you have one or two loans?
June 21st, 2010 Jen Klein Are you considering a short sale? Did you know that if you only have one loan on your home, the short sale process can be simpler? Or, if you have two loans with the same bank, that’s doable as well. Until recently even if your home had two loans from different banks on it, your short sale had hope.
Wells Fargo/Wachovia Streamline Sacramento Short Sales
April 28th, 2010 Jen Klein After today’s training with Wells Fargo/Wachovia, I have a new respect for Wells Fargo Bank. I also know now that the banks can and should be doing more to facilitate short sales. Granted, their system has some loopholes and caveats, but I do see an effective and efficient system, which is more than any bank can say at this point. Here are the highlights:
Realtor 2.0, not your parents Real Estate Agent!
April 26th, 2010 Jen Klein It’s a new time and era for Realtors. In the past people have picked real estate agents typically by referral. I’ve found that most people looking for a Realtor have often gone to a reliable source to obtain a referral, they’re parents. This mentality is logical, but sometimes not beneficial.
