GENIUS! The Geniuses at Wells Fargo turned down our ALL CASH OFFER OF $330,000 short sale and went to auction today at 10:00 AM... a spy tells me that they had a Reserve Bid of $360,000. Sorry, Charlie, NO TAKERS AT ANYWHERE NEAR $360,000... SOOOOOOOOOOOOOOOOOOOOOOOOoooooooooooo! WELLS FARGO BO
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12/10/2010
I RECEIVED THIS MESSAGE FROM THE WELLS FARGO SHORT SALE DEPARTMENT EARLY TODAY. If Foreclosure date is set Recent industry-wide changes in foreclosure volume, along with recent trends among courts have resulted in a delay of postponing foreclosure sale dates. These adjusted standards have also
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12/10/2010
That's right. Zillow expert interviewed by Bloomberg Financial today predicted a crash in the 2011 market values. Right now, 22% of all homes have "underwater" loan to market value ratios (what about those within 10% of Underwater?). The new slump would make nearly 25% of homes negative loan to
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12/09/2010
It's the bottom of the Ninth (today is the 9th of December 2010) THE AUCTION FOR MY BUENA PARK SFR LISTING IS SCHEDULED FOR 9:00 AM TOMORROW MORNING, DECEMBER 10TH, 2010 and the lady who I thought was the Wells Fargo Negotiator just left me a message that she needs several documents and she will
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12/09/2010
Well, I made a "Rooky" mistake on my Short Sale. I trusted the negotiator who had my file and was communicating with me daily. I was emailing her daily even up to this AM. Then she dropped off the radar. The property I've listed goes to Auction on Friday Dec. 10, 2010, (Yeah, that's two days
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12/08/2010
Well, there you have it. The US Congress is going to fix everything with the Foreclosure Fraud debacle. The Banking Committee, staring Chris Dodd (haven't we heard about this fellow somewhere before? - Friend of Angelo Mazilo of Countrywide Funding Fame and the incredible interest rate and loan
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12/07/2010
Wells Fargo Short Sale Offer - They Still Don't Get It Do They? Part 5 WF tells me that they MUST have all required paperwork to process my cleints' short sale by no later than tomorrow, December 8th, 2010 3:00 PM. OR.........they will place the property on the Auction list for December 10th, 2
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12/07/2010
The New York Times wrote, yesterday, that 35.7% of all Defaults and Foreclosures this past quarter are Strategic Defaults on the second homes and investment properties of the affluent. This is up from 23.5% last year. I assume that this means that the economy or the real estate market aren't com
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12/06/2010
Wells Fargo Short Sale Offer - They Still Don't Get It Do They? Well, this is nearly the end of the line. I have searched for and found all of the Wells Fargo short sale approval agents (they sometimes call themselves negotiators)...all the required and requested paperwork is now in their hands.
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12/04/2010
WELL, WE KNEW IT WOULD HAPPEN EVENTUALLY, RIGHT? WHAT COMES DOWN ALWAYS GOES BACK UP WHEN IT COMES TO INTEREST RATES. The Bloggers at Bespoke Investment Group or BIG have noted that over the past couple of weeks the Interest Rates on 30 year loans have gone up by 10%...NO, NOT TO 10%... the inte
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12/02/2010
