Short Sale News and Bagel News?

By
Real Estate Broker Owner with Broadpoint Properties Cal BRE #01324959

short sale newsIt’s always my goal to help you stay on top of the latest and greatest news. Hey… you already are ahead of the game—brave enough to stare short sales in the face and take short sale listings.

Here’s a recap of some of the interesting stuff that went on this past week in the distressed property arena:

The Market May Be Changing While you can twist statistics any way that you want (my lawyer friend told me he could argue either side of any case), it may just be true that the shadow inventory now mirrors the rate of distressed property closings.

Fannie and Freddie Principal Reductions? Fannie and Freddie are like the Boston weather—always changing and very unpredictable. So, this week they are reversing their thoughts on principal reduction. What’s next for GSEs?

Navigating the Equator System  Bank of America’s use of Equator changes every day. Here are a few tips and tools that may help you to survive your next short sale transaction.

Now here’s some important news: Just in case you cannot figure out what to eat for breakfast, Consumer Reports rates different bagels. What about rating short sale lien holders? Now that would be something to read!

There’s lots going on in the distressed property arena. And, if you are actively working with ‘distressed’ borrowers, it’s important to keep up with all of the changes in the industry. Sometimes that’s hard, which is why I’ve provided you with a weekly recap right here.

 

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Topic:
ActiveRain Community
Groups:
San Diego Realtors®
Short Sale Specialists & Pre-Foreclosure Education
Realtors®
Short Sales and Forclosures ONLY
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Tags:
short sale news
distressed property news

Comments 8 New Comment

Rainmaker
1,003,501
Ginny Lacey Gorman
Homes for Sale in North Kingstown RI and beyond
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate

Hmm Melissa, i think food is in the air today for sure...personally i would like to have the steady feed of information on this changing industry of short sales which is why, besides enjoying your posts, I'm always buzzing in here!

March 31, 2012 07:46 AM
Rainmaker
372,873
Sharon & Bruce Walter
West Lafayette homes for sale
Keller Williams Realty Lafayette, IN

Melissa, we are definetly seeing a shift in our Lafayette market concerning distressed properties.  Foreclosures being brought to market have slowed dramatically and the low end foreclosures so prevalent two years ago are almost non-existent.  Change is good!!!  I'll take a bad bagel over BOA anyday!

March 31, 2012 07:19 PM
Rainmaker
602,379
Sheila Newton Team -- Anderson & Greenville SC Real Estate
--Residential/Short Sales/Foreclosures
RE/MAX Realty Professionals

bagels, Huh? I agree, I would like them to rate something a little more important than bagels!!

Short sales are a challenge... But they are also rewarding in many ways!

April 01, 2012 06:24 AM
Ambassador
654,626
Debb Janes
Realtor, Camas, Washington EcoBroker
The Carl Group, LLC

I would rather see a rating system for the lien holders. Now that would be helpful. Thanks for the recap of the week's most relevant news regarding short sales. D

April 01, 2012 02:56 PM
Rainmaker
501,220
Mary Douglas
REALTOR, Red Feather Lakes, Colorado
United Country Ponderosa Realty

Hi Melissa,  I would like to see that rating for short sale lien holders, I'll read it while eating my favorite, a blueberry bagel :-]

April 04, 2012 07:42 PM
Ambassador
1,065,054

Melissa Zavala

Broker, Escondido Real Estate, San Diego County
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Broadpoint Properties