Category: short sale

Pending Within Days! 0

Pending Within Days!

Well that was fast! We received multiple offers within days on this East Hill home in Kent.  We couldn’t be happier for our sellers.  Even in a hot market, multiple offers don’t just happen. Contact us today if you want to sound advice and a professional team on your side!

Team Reba gets interviewed on 1300 Business Radio KKOL show, Sound Advice! 0

Team Reba gets interviewed on 1300 Business Radio KKOL show, Sound Advice!

Here at Team Reba we’re always talking about real estate education and recently we were asked to participate on the show Sound Business.  Here is the full interview in the 3 segments used for the show. In the interview, we discuss why Reba Haas went into real estate and the...

Bank of America about to start using Auctions.com to promote short sales in 2013 0

Bank of America about to start using Auctions.com to promote short sales in 2013

Sat in on a CDPE call regarding Bank of America and updates to their short sale process, including the use of www.Auctions.com and improvements in the cooperative short sale process. Good info as we’re about to take on a listing that was originally going to fit into this except they...

Military Families get a reprieve from forced default when receiving PCS orders 0

Military Families get a reprieve from forced default when receiving PCS orders

I am so happy to read this news. It has been terrible that these Government Sponsored Entities (GSE) have forced homeowners in the past into default before they’d consider a short sale, and many of those forced defaults turned into unnecessary foreclosures when the GSE wouldn’t accept the short sale...

Team Reba expects short sales to spike in new listings for summer 2012… 0

Team Reba expects short sales to spike in new listings for summer 2012…

Between the Mortgage Debt Relief Act (MDRA) currently sunsetting at the end of 2012 and this new servicer requirement to determine approval or denial within 30-60 days, I suspect we may see a huge glut of new short sales hitting the market over the next 2 months… let’s hope they...

Support for extending the Mortgage Debt Relief Act for underwater homeowners… 0

Support for extending the Mortgage Debt Relief Act for underwater homeowners…

I receive the daily DS News newsletter emails, and I find almost daily something that I’m interested in reading and that does affect my clients, prospects and friends/family. In today’s newsletter there is an article discussing the Mortgage Debt Relief Act (MDRA) which was enacted in 2007, a little item...

Fantastic news!!! Fannie Mae and Freddie Mac are FINALLY going to shorten their short sale process review! 0

Fantastic news!!! Fannie Mae and Freddie Mac are FINALLY going to shorten their short sale process review!

More good news for distressed homeowners who may need to do a short sale can be found at this link. Timelines for those with mortgages held by Fannie and Freddie will get faster answers with a requirement of 30 to 60 days turnaround. If a short sale is countered by...

HAFA has some silver lining changes for underwater homeowners! 0

HAFA has some silver lining changes for underwater homeowners!

The following content comes from membership with the Certified Distressed Property Expert designation, run by Alex Charfen. It’s some really good news for homeowners who are struggling with house payments but who have kept current despite being heavily underwater in value, preventing a refinance. Major Changes Announced for HAFA Posted:...

Are distressed properties really going down in number in WA State? 0

Are distressed properties really going down in number in WA State?

I’m not sure I agree 100% with their assessment of WA State in this DS News article which says Washington State is going down in the number of foreclosure auctions. Just because lenders have slowed down their foreclosure auction rate here, doesn’t mean we don’t still have a backlog of...