A breaking new short sale trend for 2010 is shaping up that you need to know about…$500,0000+ deals.  That’s right, loans with principal balances above $500,000 are making our students a fortune right now.  Bloomberg News recently reported that $500,000+ loans are defaulting more than twice as often as $250,000 or less loans.  What makes this so [...]

Department of Housing and Urban Development (HUD) just released FHA loan guidelines for prospective borrowers who have experienced a short sale.  HUD sent a memo to all FHA lenders and underwriters explaining how to handle an FHA loan applicant with a short sale on their record. (Download the memo HERE).  This is great news for hundreds of [...]

Don’t be fooled…we’re not out of the woods yet. Although sales temporarily increased in November (and now spilling into early December), property values continue to decline nationwide. The $8000 tax credit deadline of November 30th pushed a large number of buyers off the fence and into the buying mode but it didn’t solve the real [...]

It’s here, the much anticipated plan from the Treasury Department on how to streamline short sales was announced on Monday, November 30th. Since the Making Home Affordable program has been a miserable failure thus far, the Obama administration has turned their attention from loan modifications to short sales as a way to solve the real [...]

Have you given thanks today?
For me, all thanks go to the Good Lord for the many blessings he has provided:
My beautiful daughter Alexa born 09/09/09
My loving and supportive wife Monica
My physical, spiritual and financial health
A business that has not only survived during this real estate meltdown, but has thrived beyond my wildest dreams.
So many in [...]

Analysts foresee a herd of new short sales stampeding into the real estate market between 2010 and 2012.  According to data compiled by Credit Suisse Bank, hundreds of billions of dollars in Alt A loans are set to recast starting in 2010.  And add in the fact that U.S. unemployment is higher than 10% and the economy [...]

We live in information overload.  There are more distractions coming at you from all directions, and at all times, than at any other time in the history of humanity.  This is a message that is more important for you right now than ever before.  Unplug your life!  Here’s how:
First things first, you need a daily [...]

The next 12 calendar days will be the most active buyer feeding frenzy in the past 2 years.  So if you have a deal right now, get it on the market today….I’m talking right now, before you finish reading this!  The $8000 tax credit expires on November 30th and therefore every buyer who has been [...]

Three years ago you would not have been able to find a single article in any newspaper or online publication about short sales. Today, there is an average of 5-10 new pieces each and every day. Over the course of a year, that translates to nearly 3000 different articles on short sales published every 12 [...]

In this information age, it can be very difficult to decipher between hype and reality.  The good news about real estate is that a closing a statement, also known as a HUD1, separates once and for all, reality from hype.  A HUD1 proves a deal is closing.  Our operation has always been a HUD1 type [...]