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.

 

close

This entry hasn't been re-blogged:

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

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
1,208,209
Richie Alan Naggar Author PEARLS SERIES of books
People first then business! Ran Right Realty Riverside, Ca - Riverside, CA
on LIFE and LOVE plus Real Estate too!

I am on onion bagels at this time with poppy seeds plus I add extra sesame on occasion...It is a Realtor health food is what I discovered....As for the post, it is a nice pot purri of goodies thank you M

March 31, 2012 07:30 AM #1
Rainmaker
968,281
Edward & Celia Maddox
Solutions Real Estate - Queen Creek, AZ
We Take The High Road

You sure can get addicted to bagels.   Thanks for the post.

March 31, 2012 07:33 AM #2
Rainmaker
220,174
Pamela Smith
Long Realty West Valley - Sun City West, AZ
Sun City West, Corte Bella, Sun City Grand

Great post today.  Me, I'm and apple fritter girl myself.

March 31, 2012 07:43 AM #3
Rainmaker
1,055,899
Ginny Gorman
Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

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 #4
Rainmaker
438,595
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - West Lafayette, IN
West Lafayette homes for sale

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 #5
Rainmaker
608,437
Sheila Newton Team -- Anderson & Greenville SC Real Estate
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
--Residential/Short Sales/Foreclosures

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 #6
Ambassador
707,652
Debb Janes
The Carl Group, LLC - Camas, WA
REALTOR®, EcoBroker Camas, Washington

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 #7
Rainmaker
509,543
Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

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 #8
Show All Comments
Ambassador
1,090,578

Melissa Zavala

Broker, Escondido Real Estate, San Diego County
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the airplane to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information