Charles Bischoff

Here is a real special a couple blocks from the beach in Oceanside, CA. A duplex with lease tenants renting for $1400 to $1600 each. The seller wants $725,000. Check it out http://www.cwbinvest.com/the-hot-listing.asp

The Federal Government is offering an $8,000 tax credit to new home buyers. It's in effect right now and runs to November 30, 2009. See the details and the comparison to the California credit of $10,000 being offered to new buyers.

An article from the Los Angeles Times brings up the friction between BPOs and Appraisers. Appraisers are unhappy that BPOs are taking some of their business. One appraiser group wants BPO outlawed. Appraisers were so accurate during the boom era? Didn't they receive considerable heat for overvaluing property that aided the price clime? Read this article; what do you think?

I spoke with the most helpful Liquidation Department officer yesterday and she gave very simply the 10 requirements to applying for a short sale, they are:

The first 4 are from the Owner and the next 6 are from the Broker.

1. Current W-2 or 1040 return
2. Financial Worksheet
3. Hardship Letter
4. Proof of Income - Check stubs or bank statement for the latest ONE month
5. Listing Agreement
6. Purchase Agreement
7. Net Sheet or HUD1 Sheet
8. Pre-Qualification Sheet from buyer
9. MLS listing sheet
10. CMA sheet

Questions? Give me a shout at charles@cwbinvest.com.

With the stimulus package and the proposal for money made available for the foreclosed and to be foreclosed my weekly loan mod letter delivery and my pitch has changed, even without me intending it. In the background of my "hi, I may be able to help you" is "can I really?" or "you can now do it on your own". Is the pitch more at "more doors are opened and I can help you more easily" and there's more assurance of getting you that lowered mortgage payment? I know that I can help but I don't know how much easier it's going to be for the home owner to get satisfaction by acting on their own. Any thoughts?