Are Lenders trying to control the market by dictating which Short Sales get approved and which don’t? May they believe that they can be a better gauge of fair market value by dealing directly with the Buyers and dictating to the REO agent what their price point will be? I hope not, but if they do...
According to RealtyTrac, REO's are dwindling in many parts of the country even as Foreclosure activity is higher than ever. There seems to be less homes on the market causing price to rise ever so slightly in many markets. A nice parlor trick being perpetrated on the American public and real esta...
I closed on a Bank of America Short Sale this past Tuesday. I know, I know...there have been rumors that Short Sales and BofA are not friends, but I was able to get one through. Here is my dilemma... Should I retire? Should I go out on top? Cal Ripken left baseball at the right time and his legac...
It seems to me that the extinction of the Realtor is at hand. The abundance of Short Sales and the new hard line tactics employed by the Lenders is causing more and more agents to leave the industry or just avoid Short Sales altogether. Already there are agents that pronounced their unwillingness...
In the past few weeks it has become quite clear that Lenders are playing under a different set of rules, at least the Junior Liens (2nd Lien Holder). In the past they would take $3,000 from the first lien and hop away happily that they got something. Oh, how that has changed ! It is very common n...
As I read and talk to my fellow agents I hear many horror stories about how the Buyer was able to throw a monkey wrench into the Short Sale proceedings. Well, there are certain things a Listing agent can and should do to prevent from the deal falling apart at the last minute or after several wee...
A 9 1/2 foot wide house in the historic Greenwich Village section of New York City is on the market for $2.7 Million. The house was built in 1873 with, reportedly, 990 square feet. Get this, an architect named Christopher Dubs bought the place in 1994 for $240,000 and spent another $200,000 for r...
Let me see if I understand the equation the world wants us to believe. Everyone is having a great time with the fact that housing numbers seem to be on the upswing. But there are so many conflicting numbers and experiences I wanted to see if it made any sense to anyone, because I certainly do not...
Bank of America is again in the center of the latest controversy as it relates to real estate and their dealings with everyone around them while their only goal seems to be very simple, “Get Paid.” New York Attorney General, Andrew Cuomo, uncovered a very disturbing cover-up within BofA as it rel...
The "Cash for Clunkers" program has ended and for all it's bad press, it seems to have been a HUGE success. But now comes the sobering part for the car dealers, the hangover. I spoke with a car dealer this weekend, my brother-in-law was thinking of cashing in his clunker, and I was told they sol...

Sidney Jimenez

CDPE, Short Sale Expert, 954-665-9449,
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