We have all heard horror stories of short sales taking forever! Sometimes taking months for a response. Fortunately, one of our leading banks has finally stepped up to the plate--WACHOVIA!!!
Once the listing agent receives an offer it is 10 DAYS FOR AN APPROVAL!! That is how it should be and these guys are changing the face of real estate. Not only that but they are offering relocation assistance.
Relo assistance, fast responses, and guess what else--VERY LITTLE PAPERWORK!
I'm not sure this is available everywhere but check with your local Realtor, and if you are in Arizona, give me a call. This is a tremendous opportunity to put true meaning behind the word "short" in short sale.
Consider this a last call for FHA Streamline Refinances. Starting next Tuesday, the popular rate-lowering program gets strict on borrowers.
There's 5 days left.
Under the current streamline refi guidelines, FHA homeowners have minimal program eligibility requirements.
Beyond that, everything else goes, practically. There's no income, asset, or job verification with the current FHA Streamline program. Neither is there an appraisal requirement. It doesn't matter if you're 50% underwater.
Until next week, that is.
Beginning November 17, FHA Streamline Refinance applicants must show evidence of income and employment, plus proof of cash required to close. Furthermore, the FHA is limited loan-to-values to 97.75% for homeowners that want to "roll closing costs" into their mortgage.
In areas of declining home values, this may render refinancing impossible.
There's more changes, too, as highlighted by the Federal Housing Commissioner. Read up for yourself, or ask a mortgage professional for help.
If you're a homeowner and you're currently financed through the FHA, it may be prudent to explore the possibility of an FHA Streamline Refi. Mortgage rates are low right now and FHA guidelines are loose.
Starting next week, FHA Streamlines will be a completely different beast.
Originally posted at The Blair Group.
10 Day Short Sale Approval- Guaranteed! Arizona
Are you behind on your mortgage payment? Have you experienced a hardship? Has a Notice of Default been filed against your property? I'm glad you are reading this because I know these are difficult times. I am here to tell you that you have options. Have you heard of the horror stories of waiting 30 days for a short sale approval? Or even 3 months? You must be saying to yourself 30 days isn't bad compared to the stories I've heard. Guess what-no more waiting. We can get an approval in 10 days! I am able to speak directly with the local Wachovia negotiator and we will guarantee a written approval in 7-10 days! No more waiting and wondering if you have a deal or not!! It gets better! I will usually get the bank to pay all of your closing costs and fees so you don't have to come out of pocket at all! And one more thing. Because these are difficult times and moving can be costly, I have negotiated a deal to offer you up to $5,000 relocation assistance to help with the cost of moving and related expenses. This is money in your pocket! I don't want the bank to foreclose on your home and ruin your credit. We want to help. Our real estate team strives to be on the forefront of the changes in the market and offering a superior level of customer service. Our goal is to educate homeowners who find themselves in difficult situations and discuss your options. Please call me on my direct number at 480-233-6433. I look forward to assisting you.
The housing market continues to steam forward.
As reported by the National Association of Realtors®, the Pending Home Sales Index posted its 8th consecutive monthly gain in September.
It's the longest winning streak in the history of the index and Pending Home Sales are now at their highest levels since December 2006.
A Pending Home Sale is a home under contract to sell, but not yet closed. It's the precursor to an Existing Home Sale.
Trade group data shows that nearly 80 percent of "pending" homes close within 2 months. The majority of those remaining close within months 3 and 4.
When the Pending Home Sales Index rises, it tells us that market activity has picked up. September's data confirms what we've been noticing since February -- the Buyers Market is ending.
With more homes under contract in the marketplace, homebuyers typically face one or more of the following:
1. Competitive, multiple-offer situations
2. Reduced purchase price leverage over sellers
3. Fewer seller concessions
Therefore, if you're buying a home in the next several months, know that the 8-month run in Pending Sales will lead to a run in closed sales. It should result in higher home prices, too
Indeed, we're already seeing it.
Originally posted at The Blair Group.
According to the United States Fire Administration, there were an estimated 1.5 million domestic fires last year, resulting in more than 3,400 deaths.
Many of these deaths occurred in homes with no smoke detectors or no working smoke detectors.
When detectors fail, it's often because its batteries are dead or missing. Therefore, make a point to test your smoke detectors annually.
Here's how to do it:
You should also buy smoke detector aerosol and spray it directly into the device. This will simulate a real fire. If the alarm doesn't sound, the smoke detector will fail when it's needed most. Replace the device immediately -- even if it beeps when you push the Test button.
Smoke detectors are inexpensive and essential. Make sure the devices in your home are working properly. Test them at least once per year.
Originally posted at The Blair Group.
Located in beautiful Scottsdale, Arizona, The Blair Group is part of Weichert Realtors Elite. #1 Ranked Weichert agent 2009 Top 20 Agents 2008-ARMLS Top 75 Agents 2008-Wall Street Journal!
I am President of The Blair Group. I have been licensed for over 10 years. We understand what it's like to be involved in the homebuying and selling process. It is a very stressful time and we are here to make it as stress-free as possible. We attend all inspections, and most importantly the closing. Just because that is the "last" day does not give any agent the right to not attend the closing. It is part of our job and we are there; there to provide as much knowledge and comfort as possible so the stress does not become overwhelming.
We have a vast knowledge of all areas of the Valley and about homebuilding, as we have renovated homes and know qualified contractors who get the job done--right.
We work all areas of the Valley. We have sold plots of land. We have sold apartments. We predominantly sell single family homes up to $500,000, however, have had enough experience in selling upscale homes in all areas for well into the $800,000 range.
We are excellent at what we do, and can sell land, apartments, commercial, and homes!
We also deal directly with banks listing their REOs/foreclosures. We work valleywide.
We are also helping owners valleywide with their short sales:
Do you have any good testimonials that clients have provided you in the past? Be sure to add them here.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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