stats on foreclosures

market report for sept manatee county

This report is from Lending Processing Services (LPS) issues a monthly Mortgage Monitor which looks at several aspects of mortgage performance. We like to study this report to see what is currently taking place with delinquencies and foreclosures. The November report (which covers through October) had some very interesting information. http://kcmblog.com/2010/12/06/current-foreclosure-facts-from-lps/ Delinquency Rates All delinquency statuses… Read More

Understanding HAFA when you are doing a short sale

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Download now or preview on posterous HAFA.pdf (3111 KB) There has been a lot of issues in the past few weeks with Bank of America and Wells Fargo with regards to complying with HAFA. I have had to actually start over a short sale that was in process on a Bradenton home that Wells Fargo… Read More

wells fargo announces “NO MORE SHORT SALE EXTENSIONS!”

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Well I sure hope that Wells Fargo gets faster about giving short sale approvals and gives adequate time to close them!          With no ability to get extensions buyers who need financing on their short sale purchases need to be extra diligent to getting their loan commitments on time to meet the approval time frames… Read More

I withdrew a short sale listing today. I couldn’t be happier!

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I listed a home this past week in Bradenton, and really she didn’t want to sell it.  Those are the toughest appointments.  It’s one thing when the seller wants to move, or has too.  But when a seller really loves their home having to put them on the market is not pleasant.  In Bradenton and Sarasota… Read More

5 condos sold in 10 days! Sarasota and Bradenton Condo markets are getting hot!

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This has been quite a busy May especially for entry level condos. Prices have dropped so dramatically that a small condo in Sarasota or Bradenton for investment, or as a second home makes a lot of sense. Prices of most of these “entry level” condos are at 50% to 25% of their peak values! For… Read More

Considering a short sale?

So you have to sell your home, but you owe more than it is worth. Here are your options if you have to sell. IF you would rather stay in your home, but are having trouble afford the payments a loan modification should be your first step. But if you already, Tried to modify and… Read More

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