Joseph & Cheryl Melendez's (melendezteam) Blog

I just wanted to let my fellow agants know that we love doing short sales for Wachovia. Wachovia has make their process so streamline and enjoyable to do. Their Fast Track request form speeds up the whole process as well as having a short sale contact person that actually will pick up the phone o...

Cheryl and I have piggy backed on the Winter Olympics. We are running a contest for our farm to guess how many metals th U.S. will get this year. As a tie breaker they have to guess how many Gold metals the U.S. will get. The need to email us there answers with their name. So we get there name an...

Like many of us in real estate, the term buyers are liars was a mantra in 2009. Over the last 6 weeks we have seen a change of perception of a buyer. We have met and represented many buyers since the new year and have found them to be more realistic and comitted to buying a home. I hope this tren...

Cheryl and I put on a Home Run Derby for our cities Little League every year for the last 5 years. This a very inexpensive way to market yourself. We make a party of it with a DJ and some Metals for the kids in each bracket. The parents have to sign up the kids so we get emails and names and phon...

Two hunters (Realtors from California) got a pilot to fly them to the Canadian wilderness to hunt moose.  They manage to get two big bull moose.  As they were loading the plane to return, the pilot said the plane could only take the hunters, their gear and one moose.  The two hunters objected str...

FHA Short Sales and Short Payoffs Borrowers that were in default at the time of the short sale (or pre-foreclosure sale) of their previously owned primary residence are not eligible for a new FHA loan for three years from the date of the pre-foreclosure sale.   This means, that buyers wanting to ...

FHA Short Sales and Short Payoffs Borrowers that were in default at the time of the short sale (or pre-foreclosure sale) of their previously owned primary residence are not eligible for a new FHA loan for three years from the date of the pre-foreclosure sale.   This means, that buyers wanting to ...

The biggest influence on mortgage rates this week came from outside the US . Concerns about the possible default of sovereign debt in smaller nations caused investors to seek the relative safety of US fixed income securities. This week's economic data was roughly balanced in terms of positive and...

Below, we have provided some tips for agents and homeowners to help you better understand the short sale process and identify areas in which you can aid in advancing the process as well. Tips for real estate professionals: Advise clients to contact their servicer as early as possible Ensure all c...

   FHA announced changes to its guidelines.  It will raise the minimum down payment required for borrowers with credit rating scores below 580 to 10%, while the down payment for higher-ranked borrowers would stay at 3.5%.  The upfront MI premium is also going from 1.75% to 2.25%.  HUD is seeking ...