Jeanean Gendron, Realtor, DRE#01299346 | February 7, 2009
Redding Real Estate ~ Short Sales ~ Getting Help When You Need It Most–I receive phone calls each day from people who need help. They are behind in their mortgage payments and they don’t know what to do. They have suffered a hardship of some type and cannot catch up.
We go over the items that [...]
Jeanean Gendron, Realtor, DRE#01299346 | February 7, 2009
Redding Real Estate ~ Short Sales ~ How to Successfully Buy a Short Sale Property–A short sale is a property that is what we call “upside down” in the market. The owner owes more money on the property than the property is worth in the current market.
The short sale property will be on the market [...]
Jeanean Gendron, Realtor, DRE#01299346 | February 7, 2009
Redding Real Estate ~ Short Sales ~ Remain Alternative to Foreclosure–In Redding and Shasta County, California we continue to see short sales as a viable alternative to foreclosure for sellers facing hardship and a declining market.
We are finding most banks will work with the seller to approve and complete the short sale. Original purchase money [...]
Jeanean Gendron, Realtor, DRE#01299346 | February 7, 2009
Redding Real Estate ~ Short Sales ~ What We Have Learned–Not all banks are the same. Adding to this statement is the fact that they can differ on any given day or month.
Analysis and preparation is everything in a short sale beginning with your interview process. The specific criteria for a short sale to be [...]
Jeanean Gendron, Realtor, DRE#01299346 | February 7, 2009
Redding Real Estate ~ Short Sales ~ Conversation with a Well Fargo Closer–I had a call this past week from a Well Fargo Loan Officer regarding a past post I had written about short sales. He called on a reference about a company we had worked with and we had a good conversation about the [...]
Jeanean Gendron, Realtor, DRE#01299346 | February 7, 2009
Redding Real Estate ~ Short Sales ~ Success Story–We just closed a short sale that had Down Payment Assistance and an FHA loan. We all know that the Section 1 and 2 must be done for this combination loan and DAP program. I had this property for my client over a year ago and she [...]
Jeanean Gendron, Realtor, DRE#01299346 | February 7, 2009
Redding Real Estate ~ Buying a Foreclosure Property–Buying an REO (Real Estate Owned) or foreclosure property can be an opportunity or a bad experience. If you are considering the purchase of an REO you should be aware of several aspects of how they work. The bank usually list the property with an agent that specializes [...]
Jeanean Gendron, Realtor, DRE#01299346 | February 7, 2009
Redding Real Estate ~ Short Sales ~ Do You Qualify for a Short Sale–Short sales remain a viable solution for people that owe more on their home than the current market value. There are certain requirements however, to qualify for a short sale.
No Equity? You may qualify for a Short Sale! A short sale is [...]
Jeanean Gendron, Realtor, DRE#01299346 | February 7, 2009
Redding Real Estate ~ Short Sales ~ Getting Short Sales Approved–The art of getting the short sale approved is evolving. We as agents see new and better ways to service the seller and the bank. In my opinion, this is a very good thing. Agents are collaborating on how to best get a short sale [...]