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Kim & Kristine Halverson / Luxury Estates, Santa Monica, CA

Santa Monica Short Sale, 1144 10th St, Foreclosure Stopped at the Eleventh Hour

Santa Monica Short Sale, 1144 10th St, Foreclosure Stopped at the Eleventh Hour!
This North of Wilshire condo has had an offer for the past few weeks, and we knew the foreclosure date was approaching. In the past, an offer submitted to Bank of America's Equator system will stop a foreclosure date within a few days. Not true. We have been diligently working to stop this foreclosure every day, utilizing all of our channels and contacts with Bank of America.
Last night, we still did not have confirmation the foreclosure sale for 11 am today was still not postponed. After several emails and phone calls to Bank of America, and a few minutes before 11 am; the sale date is postponed for another 30 days. What a relief. Since we had an offer in a couple weeks ago we were confident it would be postponed. And now we can begin obtaining short sale approval.
When thinking of selling your home in Santa Monica. Make sure you have a Realtor who is an expert in today's market, especially short sales.
For more information about short sales in Santa Monica, call 310-737-8173
North Of Wilshire, Santa Monica, Short Sale

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$507,000
Condominium
Main Features
2 Bedrooms
2 Bathrooms
10 Units
Interior: 1,011 sqft
Location
1144 10TH ST
#5
SANTA MONICA, CA 90403
USA

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Kim & Kristine Halverson

Kim & Kristine Halverson

Prudential
(310) 430-3948
info@kimandkristine.com
http://www.KimAndKristine.com



Listed by: Kristine Halverson

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Adele, "Rolling In The Deep", Grammy's 2012 Performance, Music Mondays

It was a bittersweet Grammy's. Adele won 5 Grammy's, including album of the year, record of the year and song of the year! Her acceptance speech's were not scripted and revealed her authenticity. When she won best record it was hilarious. She said, "I'm sure a lot of you can relate. I wrote this record hurting from a rubbish relationship!" I would like to know who that person is...


After Adele won all of the Grammy's. There was a Whitney Houston tribute from Jennifer Hudson. I don't know how she pulled off the performance with out crying! I know I was just listening to her.


Let' start the week off strong with a celebration of Adele's Grammy sweep. Below is her Grammy performance, it's so good! Kristine :)


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Los Angeles, the City of Angels. Angels looking out for us on the road to living out our dreams.

Have You Ever Wondered, "Why Would A Lender Agree To A Short Sale?", Santa Monica, CA Series 7


As an agent I can tell you that houses sell better with someone living in them. Even if it’s not an entirely clean house. It has a warmth and personal feel to it. Vacant houses tend to have a cold empty feel to it. In terms of a business decision it’s better for the lender to work with a homeowner doing a short sale. See below for more info, Series 7, from CAR legal issues on short sales.

Q 7. Why Would A Lender Agree To Accept A Short Sale?

A Lenders may have ample incentive to negotiate a short sale with a distressed borrower. For example, should the lender take back a property pursuant to a foreclosure sale, the lender would become responsible for a variety of costs, including property maintenance, utilities, HOA fees, and might risk destruction of the property by vandalism. Furthermore, lender-owned properties (REO) may take a long time to sell, in part because so many REO properties are now for sale.

A lender will typically evaluate the financial situation of the borrower as well as current market conditions to determine whether or not to agree to a short sale. It is really a business decision for the lender to determine whether it would receive more money by accepting the short sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and/or claims against guarantors, for loans on which those remedies are available.)

Luxury Short Sale Designation, Santa Monica, CA