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Frequently Asked Short Sale Questions

March 31, 2012 By Leave a Comment
Top Short Sale Questions

Short Sales, loan modifications and Notices of Default can be a confusing process to navigate and understand. That is why we have developed our list of the Top 10 Short Sale Questions. A Short Sale does not have to be an overwhelming process. More documentation is required to obtain your lenders approval, and the waiting time can be a bit tedious, but a well crafted presentation package can be a tremendous advantage to a successful sale. The key or fundamental question in deciding to pursue … [Read more...]

Filed Under: Current News, Foreclosure, Selling Your Home

An Appraisal, A Lender or a Short Sale be

December 4, 2011 By Leave a Comment
Meeting the Appraiser

After the contracts have been signed an appraisal is one more step in the process of buying a house. If issues arise it typically involves the house appraising for less than the purchase price. If this occurs, there may be some additional negotiation or sometimes the deal may fall apart. But what happens if the reverse occurs and the appraisal comes in at such an inflated value there is no interest in the property? The word appraise is defined as "to assess the value or quality". This can be … [Read more...]

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Foreclosure Update on South Pasadena Real Estate

June 8, 2011 By Leave a Comment

South Pasadena. Just mentioning those two words creates a very positive connotation. The location means many different things to people. A great school system. Old established tree lined neighborhoods and above average home prices. One of the things least associated with South Pasadena real estate has been the foreclosure crisis. It's typically a term not mentioned with South Pasadena. After all, the median price of a single family home has usually maintained at least a $200,000 cushion above … [Read more...]

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Pasadena Homes In Foreclosure, An Update

February 15, 2011 By 7 Comments
Will Banks Pick Up the Pace?

Reports, rumors and rumblings suggest 2011 could be the year that banks and other financial institutions move more homeowners and distressed properties into "Column F" as in foreclosure. After 2 to 3 years of government intervention and a half hearted attempt at loan modifications the industry now seems convinced that good intentions don't usually address a crisis of epic proportion. With months of cancellations, postponements, moratoriums, robo signing, and government mandated stays of … [Read more...]

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The Survey Said, “Auction, Postpone or Cancel,” A Foreclosure Enigma

November 30, 2010 By 2 Comments
A Pasadena condo was in the foreclosure process for 15 months

Results of the latest government foray into the housing crisis have recently been reported. It seems that only 342 sales were completed through September. The Home Affordable Foreclosure Alternative (HAFA) program premiered in April with great anticipation. It finally seemed a program had been put in place to deal with escalating homeowner defaults. Realizing modifications were getting nowhere, it appeared legislation had finally arrived to address the non-response from lenders and provide … [Read more...]

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