TONY MARTINEZ

I am listing a home tomorrow and it's a short sale. I love short sale homes! I can't get enough of them. I really like the fact that I can help a seller and a buyer get what they need, a home at a good price. I received a call from an agent who was asking if I have a listing in a certain area. I let the agent know I will be listing a short sale home in a couple of days. They asked me how I work so fast with the bank. I said that I don't give out my business plan, but if he was having a hard time I would take over his listings and pay him a referral fee..Guess what he said he would call me back!

Short sales are not hard! There only hard for the folks that don't know what there doing. I even came across an agent who cut his commission from the seller just to take the listing. I asked him why? he said that the seller felt that I was giving him free business, because the seller was not making any money. Wrong attitude! I told a seller one time to keep his home, if he can! Or I can save there credit and they live to buy a home again in a couple of years. They agreed to list with me.

The #1 reason banks don't work well with so-so agents is because they get so-so info! there is a process. Like all process or inquires one has to put in the time and effort to make it work.

http://www.tmartsellshomes.com

The Obama administration's mortgage relief program has reached one in five eligible homeowners, a government report says, but most of those borrowers are on temporary trial plans that have yet to be made final.

As of the end of October, more than 650,000 borrowers, or 20 percent of those eligible, had signed up for trials lasting up to five months, the Treasury Department said Tuesday. The modifications reduce monthly payments to more affordable levels.

To make the change permanent, though, borrowers must complete a big stack of paperwork and show they can make payments on time. At the beginning of September, only about 1,700 permanent modifications had been made.

Nearly 920,000 loan modification offers have been sent to more than 3.2 million eligible homeowners. That works out to 29 percent, up from 15 percent at the end of July.

http://www.tmartsellshomes.com

while homes are selling nationally the home builders saw a decline in homes being built. A good reason for this was because of the uncertainty of the Homeowners tax credit. Builders saw a slow down according to the Commerce Department. The report said building of homes and apartments fell 10.6 percent in October to a seasonally adjusted annual rate of 529,000, from an upwardly revised 592,000 in September.

The good news to all this is that the tax credit has been extended and that would include this time having the home under contract by April 30 2010 and closing by June 30, 2010.

So if your thinking to BUY, BUILD or SELL call me so I can help you to move forward toward your tax credit.

http://www.tmartsellhomes.com

Our office loves to throw a party. We really go out of our way to throw one. This last week we all got together to say happy birthday to owner Queta Villalpando. She gives us all so much support. When ever we need help or training or just a ear to vent, she is there along with husband Broker-Owner Florencio Villalpando

We like her so much we had her cut her own cake for us! Happy Bday Queta!

Selling real estate is always fun. I recently finished helping some folks close on their first home. The good thing about this story is that two months ago they did not have a chance. We went through three lenders. The last being Bank of America.

Bank of America was able to help this young couple because they had compensating factors, mainly money to put down. One of the spouses had a low credit score, which prove to be challenging to the other two lenders. Not for B of A.

It's good to see a happy experience. Please welcome Mr and Mrs Martinez to the exclusive club of home ownership!