Got this from UAR (Utah Association of REALTORS®). How slow are short sales? What a great question! If you’re thinking about selling your home short (briefly defined as the lender(s) will take short of a full payoff) or purchasing a short sale, how long will it take? Here’s a list recently published by Deutsche Bank [...]
13 Secrets to Stop Wasting Cash Now
I read a review of Stacy W. Johnson’s book, Life or Debt 2010 in Reader’s Digest. He said we can reduce our debt and spending by finding extra money within our current budget, not by depriving ourselves. The first step is to stop wasting money! Here are 13 ways “typical Americans” can save on the [...]
Why today’s marker isn’t Always a Screaming-Deal Buyer’s Market
So many buyers are under the impression that they can steal a home for easily 30-50% under market because there are so many homes out there including short sale (pre-foreclosure) and bank-owned (foreclosure) homes out there. What they probably don’t know is the total inventory of homes has dropped by nearly 30% between August of [...]
FHA Condo Approval UPDATE
Looking to purchase a condominium or townhome for yourself or for an investment property? Before you do, please check with your REALTOR and lender to make sure the community meets the Federal Housing Administration‘s guidelines for resale purposes/considerations in the future. Here’s the latest news about new FHA rules. This update contains the temporary changes [...]
Good news! Banks can’t negotiate REALTOR Commissions in Short Sales
In the world of preforeclosure sales-often referred to as short sales-banks have put REALTORS® into a difficult dilemma: either cut commissions they’ll be willing to pay to approve a sale as THE third party to a transaction, or walk away from the deal. Let’s start at the beginning… A completed short sale is a real [...]
