short sale: Is it safe to buy a foreclosed home in Orange or Seminole County? - 10/20/10 08:45 PM
Is it safe to buy a foreclosed home?
Right now that is what's on most of America's minds... Is it safe to buy a foreclosure home?  Several of the large lenders have frozen foreclosure proceedings because of possible mis-steps in the filing of the foreclosure case file.  Some people argue that the entire foreclosure might be invalid, even on some homes that have already been resold to a new homeowner!
Last week I was interviewed by the New York Times for an article on this very topic!  Writer Ron Lieber asked me what were some of the things that someone thinking … (1 comments)

short sale: Bank of America's new Agent Short Sale Resource Site... a review. - 10/20/10 04:24 PM
About a week ago I stumbled across the new site, www.BankofAmerica.com/realestateagent and wanted to share it with you.  Today, I got an "official" email announcement from Equator.
On it they have:
videos webcasts (both future and replays) education guides reference guides links to other sites (like equator and your local BofA loan officer) HAFA guidelines and more They also talk about the new "Bank of America Cooperative Short Sale Pilot" (although this kind of sounds like they admit their old process was un-cooperative! :)
Hey, any help they can give both experienced AND inexperienced agents crawl through their process a little … (1 comments)

short sale: Can One Player Really Blow the Whole Game? Short Sales Broken Down! - 10/18/10 10:33 AM
Can One Player Really Blow the Whole Game?  Short Sales Broken Down!
This past Saturday I watched the Florida Gators play Mississippi State.  It was painful to watch, all the way to the very end where we had a few seconds left and a field goal would have tied the game and given us a chance at redemption.  Kicker Chas Henry steps up and... MISSES!!!  Game over. Gators Lose.  Cameras focus in on the defeated face of Henry and you can see in his grimace that he knows he just lost the game.
Or did he?
You see, he's actually not … (2 comments)

short sale: Fannie Mae launches a new consumer-education website on foreclosure options - 08/03/10 04:38 PM
Today Fannie Mae launched a new consumer education website on foreclosure options.
The way I found out about it was when I received a call from the Orlando CBS affiliate, Channel 6 News asking if they could interview me about the new site... www.KnowYourOptions.com
So while he was asking me questions about the ramifications of a foreclosure on your life (credit, jugdments, etc.) I pulled the site up quickly to take a peek!  It's actually a pretty good site!
A lot of the information they are sharing is similar to the info I put on MY info site, www.BeforeYouShortSale.com which is … (2 comments)

short sale: Today there are 729 homes for sale in Seminole County that are Bank Owned or Short Sale - 05/06/10 11:47 AM
I like to report what's going on in the Seminole County foreclosure market (which includes short sales and bank owned).  Whether you're considering selling your home or you're looking to buy a home (first homes AND investment properties) The knowledge our office has of the Seminole County market can help you meet YOUR goals!!!
In the first quarter of 2010, there have been 1,210 sales, of those, 282 were short sales (23%), 445 were bank owned (37%), and 483 were "regular" sales (39%).  Also, median home prices are broken down the same way: Median Home price in Orlando Area was $110,000, … (0 comments)

short sale: Considering a Short Sale in Florida? Don't Move Out of Your House! - 04/05/10 01:47 PM
Considering a Short Sale in Florida? Don't Move Out of Your House!
Today marks the first day of HAFA (Home Affordable Foreclosure Alternatives) which is the new program that is supposed to make short sales easier, faster, smoother, and may even PAY you to cooperate with your lender, but in reviewing some of the guidelines, I noticed a biggie that isn’t being talked about… YOU SHOULD STILL BE IN THE HOME! If you move out into another house it might hurt your chances! Here’s some basic guidelines:
Who is eligible for HAFA? The borrower must meet the basic eligibility criteria for … (0 comments)

 

Find FL real estate agents and Sanford real estate on ActiveRain.