Posted on September 23rd, 2011 by Jennifer Tan
Nominated by the agents of Sotheby’s International Realty® Sunset Brokerage, these are our “Hot Properties” for the week of September 14th to September 21st, 2011. Are they available this week for appointments by interested buyers? If you’re looking, I sure hope so. Call me at 3108881881 -Carlo.
Filed under: Buying, Existing Home Sales, For Sale, Hot Properties, Jennifer Tan, LA Area, Making Home Affordable, Moving, Real Estate Market, Realtor, Relocating to LA, Selling, Short Sale, West Hollywood | No Comments »
Posted on August 11th, 2011 by Carlo Capomazza
Recently enacted California legislation, CCP §580(e), was originally intended to put individual short sale sellers of 1-4 units, with regard to deficiency issues, in the same position as foreclosed individuals by prohibiting lenders in first position from seeking a deficiency after the short sale had closed. Even more recently the deficiency protection for borrowers in this section has been expanded to include junior lien holders.
While at first glance this revision appears to aid homeowners, it could mean that junior lienholders may no longer approve short sales.
Filed under: Foreclosure, LA Area, Real Estate Market, Selling, Short Sale, Tax Issues, VRN | No Comments »
Posted on May 27th, 2011 by Carlo Capomazza
The results of RealtyTrac’s Q1 2011 U.S. Foreclosure Sales Report are taking up a lot of headlines across the web. The report, providing little encouraging news to a housing market desperate for a recovery, should however, open the eyes of some prospective homebuyers sitting on the sidelines.
Filed under: Buying, Economy, For Sale, Foreclosure, LA Area, Money-Saving, News, Real Estate Market, Short Sale, VRN | No Comments »
Posted on April 19th, 2011 by Carlo Capomazza
As a seller who has a strong motivation to sell, do you try to sell now or hold on for a better market?
Filed under: Buying, Commentary, Foreclosure, Listing Presentation, Selling, Short Sale, VRN | No Comments »
Posted on July 1st, 2010 by Carlo Capomazza
Recently, Bank of America sent out nearly 100,000 solicitations to distressed homeowners offering them a chance at a deed-in-lieu transaction.
Filed under: Current Events, Foreclosure, Mortgage, Real Estate Market, Short Sale, VRN | No Comments »
Posted on June 20th, 2010 by Carlo Capomazza
Trulia.com and RealtyTrac recently surveyed U.S. adults to get some insight into what people *think* is involved with buying a foreclosure. Here are the Top 10 Myths that came up, and the facts to set the record straight…
Filed under: Commentary, Credit, Current Events, Foreclosure, Mortgage, Real Estate Market, Short Sale, VRN | 1 Comment »
Posted on June 20th, 2010 by Carlo Capomazza
Is there any way to assure real estate success, to purchase real estate at the bottom of the market, sell at the top and face no risk in between? It would be great to say that the answer is yes, and greater still to have such knowledge, but the central reality of investing is that such certainty does not exist. There’s always risk, including the risk of not doing anything and missing an opportunity.
But if it’s true no form of investing is risk-free, then it’s equally true that there are steps which can be taken to reduce marketplace perils, especially when considering foreclosures, short sales and distressed properties in general.
So what are the keys to foreclosure investing success?
Filed under: Commentary, Real Estate Market, Short Sale, VRN | No Comments »
Posted on June 19th, 2010 by Carlo Capomazza
Q. Why do I have to submit a Short Sale package?
A. In short, because lenders require it. Lenders need to have a compelling reason to work with the seller. By providing tax returns, bank statements, pay stubs and other forms of household income and expenses along with a detailed hardship letter, the lender has a true an accurate picture of the sellers’ circumstance. IFR works with sellers to complete a thorough and effective Short Sale package.
Q. Will a Short Sale hurt my credit?
A. The term “Short Sale” is not reflected on the sellers credit report. Many times a Short Sale is reported as “Paid-Settled” which will most likely lower the sellers credit rating. The alternative, however, would be foreclosure which can significantly damage a sellers credit rating for years to come.
Filed under: Business Services, Listing Presentation, Real Estate Market, Selling, Short Sale, VRN | 1 Comment »
