Bank of America offering up to $30,000 for short sales

Thumbnail image for Bank of America offering up to $30,000 for short sales by Claudia Rose May 18, 2012

Wow! It seems Bank of America is doing everything they can to keep homeowners out of foreclosure. They are even offering up to $30,000 as an incentive for homeowners to short sale rather than foreclose. This makes sense when you know anything about foreclosure. It is a costly process for the bank. There are holding Read more...

Investors! Offer Needed in Wildomar!

Thumbnail image for Investors! Offer Needed in Wildomar! by Claudia Rose May 17, 2012

Buyer just walked after waiting 2 months for short sale approval. BPO is in and negotiator has been assigned. 1 loan only. CREATIVE CASH BUYER WANTED! Investor Special. This could be a cute starter home or rental with loving care. 1/4acre lot with fenced yard. 3 bedrooms/1.75 Baths. Some rooms remodeled. Other rooms need completion. Read more...

When to Refinance Again

Thumbnail image for When to Refinance Again by Claudia Rose May 14, 2012

Brought to you courtesy of the CALIFORNIA ASSOCIATION OF REALTORS®: Those who refinanced their mortgages a year or so ago, when interest rates averaged just below 5 percent for a 30-year fixed-rate loan, may be wondering whether it’s time to refinance yet again now that rates are at least a full percentage point lower. Making sense Read more...

REDUCED PRICE–Move-In Ready in Fallbrook!

Thumbnail image for REDUCED PRICE–Move-In Ready in Fallbrook! by Claudia Rose May 12, 2012

My beautiful listing in Fallbrook at 145 Gardenside Court has been reduced to $419,000. Occupants are the cleanest people you could ever meet. The house and pool area are immaculate. Just bring you dishes, furniture, and the family. This is a STANDARD SALE. No waiting for lender approval, bank response or court approval. Ready for Read more...

Strategy for Buying Short Sale

Thumbnail image for Strategy for Buying Short Sale by Claudia Rose May 2, 2012

Some buyers I meet will not even consider putting an offer on a short sale. Who can blame them? An agent told me today that he is working to close a short sale after two years! Yet… A short sale can be a great opportunity to get a house that is priced under market and Read more...

Turnkey Short Sale in Perris-19232 Spring Rock Court

Thumbnail image for Turnkey Short Sale in Perris-19232 Spring Rock Court by Claudia Rose April 27, 2012

Last weekend I listed a lovingly maintained 3 bedroom/3 full bath home. The living room/dining room combination has a fireplace and plenty of room for a large dining table. All bedrooms are upstairs. The large family room could be converted into a fourth bedroom. The charming kitchen even has granite countertops. The upgraded carpet upstairs Read more...

Fannie, Freddie to streamline short sales

Thumbnail image for Fannie, Freddie to streamline short sales by Claudia Rose April 21, 2012

Late yesterday, the Federal Housing Finance Agency (FHFA) announced it has directed Fannie Mae and Freddie Mac to develop enhanced and aligned strategies for facilitating short sales, deeds-in-lieu, and deeds-for-lease in order to help more homeowners avoid foreclosure. The effort will come in stages with the first taking place this June. The new, aligned timelines Read more...

Down payment assistance program–99.5% Loan!

Thumbnail image for Down payment assistance program–99.5% Loan! by Claudia Rose April 18, 2012

You might know that I am certified with HELP, a non-profit homeownership education learning program. HELP has teamed up with PRMG and Essex mortgage to offer a down payment assistance program. Everything is handled in-house. Only 1/2 percent (0.5%) down payment needed! Up to 6% Seller Concession towards Closing Costs 30-day escrow OK Do NOT Read more...

B of A Pilot Program–Not in California

Thumbnail image for B of A Pilot Program–Not in California by Claudia Rose April 16, 2012

Bank of America is trying something new… again. This time it is a mortgage to lease pilot program. It sounds like it might benefit some consumers, but just a few. The pilot program is being tested in Arizona, New York, and Nevada only with a pool of 1,000 people. The homeowner completes a deed in Read more...

Pricing Your House to Sell

Thumbnail image for Pricing Your House to Sell by Claudia Rose April 6, 2012

Pricing a home can be tricky. While your emotions might tell you your house is worth $100,000 more than your neighbor’s house, a buyer might not see it the same way. Pricing a house to sell is a bit of an art. You can look at the numbers based on comparables in your neighborhood, but Read more...

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