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Foreclosures Reach Record Highs!
Date: 10/21/2009 / Category: none
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Foreclosures in 3rd Quarter Reach Record Highs
According to RealtyTrac, an online marketer of foreclosed homes, foreclosures hit a record high. They’re up 23% over the third quarter of 2008. One in every 136 properties in the country received a foreclosure notice. As a Real Estate Professional these numbers should alarm you! So far this year lenders have taken back 623,852 homes in total. What does this mean for you as a Real Estate professional? You better learn the SHORT SALE business. Good news is short sales are getting much easier IF you do them the right way... continue reading >>
The good,the bad, the ugly on short sale lenders
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It's amazing the difference our negotiators see across different lenders. We submit the same complete package with our justification documents, our own BPO, REO cost breakdown on Attorney letterhead with loss mitigation specialist negotiators on the phone and get such different results depending on the lender!Updates on GOOD & BAD Lenders
I want to continue to keep you guys updated on what lenders are best & worse to work with so you can prepare your clients. Below are my top picks overall.
The GOOD: Litton, American Home Mortgage, Wilshire, Wachovia & Wells Fargo, America... continue reading >>