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February 3, 2010 at 9:03 PM in reply to: Rising FHA default rate foreshadows a crush of foreclosures #508870February 3, 2010 at 9:03 PM in reply to: Rising FHA default rate foreshadows a crush of foreclosures #509281
SD Realtor
ParticipantUnfortunately PR banks own the govt and banks own the homeowners as well… (except for those who own free and clear).
I see a double dip recession followed by a quadruple dip stimulus mixed in with a your govt will be your new direct lender lalapalooza emergency homeowner mortgage extension stimulus foreclosure freezapalooza.
February 3, 2010 at 9:03 PM in reply to: Rising FHA default rate foreshadows a crush of foreclosures #509375ParticipantUnfortunately PR banks own the govt and banks own the homeowners as well… (except for those who own free and clear).
I see a double dip recession followed by a quadruple dip stimulus mixed in with a your govt will be your new direct lender lalapalooza emergency homeowner mortgage extension stimulus foreclosure freezapalooza.
February 3, 2010 at 9:03 PM in reply to: Rising FHA default rate foreshadows a crush of foreclosures #509628ParticipantUnfortunately PR banks own the govt and banks own the homeowners as well… (except for those who own free and clear).
I see a double dip recession followed by a quadruple dip stimulus mixed in with a your govt will be your new direct lender lalapalooza emergency homeowner mortgage extension stimulus foreclosure freezapalooza.
February 3, 2010 at 12:12 PM in reply to: short sell question – overdue property tax and HOA fees #508450ParticipantWhen the seller receives and accepts an offer, the listing agent will get escrow to send in an estimated HUD statement with the offer to the lender. That estimated HUD will also include all the outstanding liens including any back taxes and other liens like HOA.
The short sale lender will analyze the package and will respond to what they will pay for and what they will not pay for.
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I have seen them pay tax defaults. I have seen them balk on other defaults and ask the buyer to cure them.
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sdrealtor and others have seen cases where some lenders do keep property taxes current.
February 3, 2010 at 12:12 PM in reply to: short sell question – overdue property tax and HOA fees #508599ParticipantWhen the seller receives and accepts an offer, the listing agent will get escrow to send in an estimated HUD statement with the offer to the lender. That estimated HUD will also include all the outstanding liens including any back taxes and other liens like HOA.
The short sale lender will analyze the package and will respond to what they will pay for and what they will not pay for.
**********
I have seen them pay tax defaults. I have seen them balk on other defaults and ask the buyer to cure them.
**********
sdrealtor and others have seen cases where some lenders do keep property taxes current.
February 3, 2010 at 12:12 PM in reply to: short sell question – overdue property tax and HOA fees #509011ParticipantWhen the seller receives and accepts an offer, the listing agent will get escrow to send in an estimated HUD statement with the offer to the lender. That estimated HUD will also include all the outstanding liens including any back taxes and other liens like HOA.
The short sale lender will analyze the package and will respond to what they will pay for and what they will not pay for.
**********
I have seen them pay tax defaults. I have seen them balk on other defaults and ask the buyer to cure them.
**********
sdrealtor and others have seen cases where some lenders do keep property taxes current.
February 3, 2010 at 12:12 PM in reply to: short sell question – overdue property tax and HOA fees #509105ParticipantWhen the seller receives and accepts an offer, the listing agent will get escrow to send in an estimated HUD statement with the offer to the lender. That estimated HUD will also include all the outstanding liens including any back taxes and other liens like HOA.
The short sale lender will analyze the package and will respond to what they will pay for and what they will not pay for.
**********
I have seen them pay tax defaults. I have seen them balk on other defaults and ask the buyer to cure them.
**********
sdrealtor and others have seen cases where some lenders do keep property taxes current.
February 3, 2010 at 12:12 PM in reply to: short sell question – overdue property tax and HOA fees #509358ParticipantWhen the seller receives and accepts an offer, the listing agent will get escrow to send in an estimated HUD statement with the offer to the lender. That estimated HUD will also include all the outstanding liens including any back taxes and other liens like HOA.
The short sale lender will analyze the package and will respond to what they will pay for and what they will not pay for.
**********
I have seen them pay tax defaults. I have seen them balk on other defaults and ask the buyer to cure them.
**********
sdrealtor and others have seen cases where some lenders do keep property taxes current.
ParticipantIt is.a sweet deal if they get the home anywhere near asking price. Even if they get it somewhat above asking price, given the demand for the area and the exceptionally poor inventory, it is a sweet deal. Short sale negotiators do submit the bpo and appraisal data to the investors for analysis in the decision making process. If you are looking for a property like this in pq you would have to agree it is a sweet deal assuming it closes within 25k over asking assuming it is not a total pos.
ParticipantIt is.a sweet deal if they get the home anywhere near asking price. Even if they get it somewhat above asking price, given the demand for the area and the exceptionally poor inventory, it is a sweet deal. Short sale negotiators do submit the bpo and appraisal data to the investors for analysis in the decision making process. If you are looking for a property like this in pq you would have to agree it is a sweet deal assuming it closes within 25k over asking assuming it is not a total pos.
ParticipantIt is.a sweet deal if they get the home anywhere near asking price. Even if they get it somewhat above asking price, given the demand for the area and the exceptionally poor inventory, it is a sweet deal. Short sale negotiators do submit the bpo and appraisal data to the investors for analysis in the decision making process. If you are looking for a property like this in pq you would have to agree it is a sweet deal assuming it closes within 25k over asking assuming it is not a total pos.
ParticipantIt is.a sweet deal if they get the home anywhere near asking price. Even if they get it somewhat above asking price, given the demand for the area and the exceptionally poor inventory, it is a sweet deal. Short sale negotiators do submit the bpo and appraisal data to the investors for analysis in the decision making process. If you are looking for a property like this in pq you would have to agree it is a sweet deal assuming it closes within 25k over asking assuming it is not a total pos.
ParticipantIt is.a sweet deal if they get the home anywhere near asking price. Even if they get it somewhat above asking price, given the demand for the area and the exceptionally poor inventory, it is a sweet deal. Short sale negotiators do submit the bpo and appraisal data to the investors for analysis in the decision making process. If you are looking for a property like this in pq you would have to agree it is a sweet deal assuming it closes within 25k over asking assuming it is not a total pos.
ParticipantWhy is this a surprise Arraya. There have been plenty of posts where the president himself said we have to raise prices of homes. All he is doing is restating what he has always said.
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