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Posts Tagged ‘100 short sales’

Realtor Testimonial – BofA Short Sale

Wednesday, August 25th, 2010

Faby just completed her first short sale with Short Sale Pros. See what she thought of our service…

Tags: 100 short sales, agent, bank of america, barack obama, bofa, foreclosure, obama, short sale, short sale pros, short sale testimonial, short sale video
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New HAMP Report Disappoints

Monday, August 23rd, 2010

The administration released new numbers Friday on its principal foreclosure prevention initiative, the Home Affordable Modification Program (HAMP). Housing analysts and market observers say the results are disappointing at best.

The latest performance report shows that nearly half of the homeowners approved for trial modifications have fallen out of the program. As of the end of July, 616,839 HAMP trials have been canceled, out of the 1,307,489 trials started since the program began.

The government and “distressed” homeowners are seeing Short Sales more and more as a viable option. Statistics like these released Friday compliment our feelings that the free market and capitalism will ultimately provide the solution to this unprecedented market correction.

Tags: 100 short sales, agent, barack obama, california, countrywide, deed in lieu, foreclosure, president obama, short sale, short sale pros, short sales, unemployment, washington
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2nd Commercial Short Sale CLOSED

Wednesday, June 16th, 2010

Short Sale Pros successfully completed their 2nd Commercial Short Sale this week!!! We are beginning to see more and more of these deals surface. We will be launching a Commercial Short Sale program to the public shortly. If you have any deals now, we will review them on a case by case basis.

Michael Corradini

CEO, Short Sale Pros

Tags: 100 short sales, california, commercial, commercial short sale, deed in lieu, foreclosure, obama, short sale
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1.7 Trillion in foreclosures still ahead?

Sunday, May 23rd, 2010

RealtyTrac and Trulia announced last week that 41% of people would consider a “Strategic Default”, or choose to stop paying their mortgage even if they are capable because of negative equity (owing more than your home is worth).

First American Core Logic says there are 130 million homes in the United States. If 20% of them are upside down, or 26 million homes, and 41% walk, then 10.4 million homes would go into default.

The National Association of Realtors says the median home price is $166,100, so if you take 10.4 million homes by $166,100, you have over $1,727,400,000,000 in foreclosures ahead.

Let’s hope strategic defaults reach no where near the 41% level. It is a big problem and Short Sale Pros always advises against it.

Tags: 100 short sales, agent, bailout, bankruptcy, california, deed in lieu, foreclosure, foreclosure alternative program, obama, short sale, short sale pros, short sales
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