April 2010 
There are 300 blog entries for April 2010.
Are Buyers expecting to much in todays market
Sunday, April 25th, 2010 at 11:03am. 454 Views, 3 Comments.
Are Buyers listening to the news and other people too much. "Sellers are desperate" "Sellers will sell at any price" "Banks will take any price just to sell" If only Buyers would think of the golden rule when making an offer, maybe so much paper would not be wasted on low ball offers. Think Green and offer what you would want offered to you if you were the Seller. Listen to your Realtor they know what the market will bare.
Sad to say I have talked to some Buyers that say, when I sold my home I had to lose so I want this Seller to lose so I can get some of what I lost back..
As a Realtor I tell my Buyers what the Seller paid for the home, when possible, and what they need to get from the sale to break even. I always figure this is a good starting point. I…
Texas Bond Financing is still available! Buy now with no down-payment.
Wednesday, April 21st, 2010 at 3:13pm. 342 Views, 0 Comments.
Purchase with as little as $500 out of pocket!
• Interest Rate: 6.25%
• Loan Term: 30-year fixed interest rate
• Down Payment Assistance Available: Up to 7% of the mortgage amount
Terms of the Down Payment Assistance:
• 3% Grant
• 4% -10-year deferred forgivable 2nd lien
• No interest accrues on the loan, and
• No monthly payments are required
• Pre-purchase homebuyer education course required
**Eligible first time homebuyers who enter into a contract to purchase their home by April 30 and close by June 30, 2010 can also take advantage of a one-time federal tax credit of up to $8,000.
If purchasing a home in a federally designated targeted area, recently declared federal disaster area, or if a qualified veteran, the first time homebuyer requirement is…
Wells Fargo and waisted money
Sunday, April 18th, 2010 at 8:24am. 567 Views, 1 Comments.
I write lots of blogs about short sales and the frustration of completing them, I have gotten lots of response but the people that I wish would read them probably never see them.
My last call to Wells Fargo asking about a file and getting the answer that the reason they close files when a buyer walks is to be fare to the next buyer waiting in line. This is bull because they have shown in the past, and will continue to show that they do not give a hoot about us. Wasting money is all they think about.
When I sent in my last new buyer, I sent it direct to the Negotiator assigned that file and in the "same" email I told him that the buyer he had on file had walked and this is my back up buyer, well all he had to do at that point because the file had not gone…
One step forward two back
Wednesday, April 7th, 2010 at 9:44am. 402 Views, 2 Comments.
Well it is now past the start of the new revised version of the HAFA program and still the Banks are not changing or if they are it is sure not anything this writer can see or feels is an improvement.
I have a short sale going on with Wells Fargo and as usual the buyer walked and when it was reported to the bank, by by file, Mind you another buyer was sent to them at the same time. They say that they cannot just add the new buyer because it would not be fare to all the other people waiting their turn. I was told that the new buyer would be entered into the system and be reassigned.
Well when I called a couple of days later to see if it was in the system, yes they did receive but would be doing nothing with it because 30 days had past (32 to be exact) since I…
Wise up Wells Fargo and stop waisting money
Friday, April 2nd, 2010 at 9:42am. 367 Views, 3 Comments.
Well we are reading how on April 5, when they enact the (HAFA Home Affordable Foreclosure Alternative program) there is going to be a big change in the way Short sales are done, well I guess the big banks have not been told the new rules yet or maybe they just don't care. This new program is only 3 days away and they are still using their broken system.
I called Well Fargo yesterday to check on a new buyer I had just sent them on a file they have had for about 3 months now, just to see if they had received the offer, at the same time I informed them that the old buyer had backed out and that the new buyers price was about the same so all the Negotiator had to do was change out the buyer, but no, that would be to easy, their policy is to close out every file…
