As we all navigate the short sale waters we realize no matter how much training we think we may have, something new seems to arise on every deal. Not because things are different in the methods, they always remain the same, but because the lenders change the rules all the time. The month of Janua
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01/14/2008
FRANK WIBLE //Turnersville, NJ// For more than two years, unpleasant surprises and market rumors have continued to create mayhem in the real estate market. Government agencies, although ambiguous, have announced repeated solutions for homeowners facing foreclosure; however, are lenders prepared
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01/10/2008
The marketing folks I hire to do my ads and advertising sent this ad to me today for my approval. After I fell on the floor laughing, I found myself liking it more and more. It's a front page inside cover ad that will probably cost me way more than I want to spend. But, sometimes silly drives the
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01/09/2008
Pulling up to a client's home today I noticed it looked vacant. I looked in the door and saw the young husband sitting on a folding chair watching TV. I knocked and he quickly answered. A very nice family came running after him and I made my standard small talk. This was their first home and the
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01/09/2008
Countrywide says it's not filing for bankruptcy as shares slump5:10p ET January 8, 2008 (MarketWatch) SAN FRANCISCO (MarketWatch) -- Countrywide Financial Corp. said Tuesday that it's not filing for bankruptcy as speculation swirls about the mortgage lender needing billions of dollars in extra ca
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01/08/2008
Maybe everyone already does this, maybe not. I just figured I would throw it out there and it may help some agents doing their own short sale work. I seem to get a much faster response and have an Loss Mit rep assigned a lot faster when I put the following on my fax cover letter. FRANK WIBLELoss
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01/06/2008
There has been a pretty hot topic in the blogs about the lenders sudden switch asking for full deficiencies with a lot of short sales that have been approved lately. This post is a "CYA" when this happens.The full deficiency is a big deal. The lenders have been paying the full commission, closing
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01/06/2008
THIS IS AN ANSWER I POSTED FOR ANOTHER BLOG. I JUST POSTED IT HERE BECAUSE I'M LOOKING FOR ADDITIONAL FEEDBACK...Refinanced money, depending on how long ago, how many payments they made, all matter to the investor and the outcome of the deal. Also watch out for loans with MI (mortgage insurance),
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01/06/2008
Can someone please ring the real estate closing bell...At the very least, a bad day on Wall Street has a definitive end; the sound of the closing bell. After a full day watching the stock market drop, we take comfort in knowing tomorrow it may rally back. When can we expect someone to ring this
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01/03/2008
THANK YOU REALTYTRAC FOR THE GREAT UPDATED INFORMATION:The RealtyTrac Monthly U.S. Foreclosure Market Report provides the total number of foreclosure filings - both nationwide and by state - over the preceding month. Data is also available at the individual county level. RealtyTrac's report inclu
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01/02/2008
