We hope you enjoy the pictures! Thank you to everyone that came out!
Posts Tagged ‘foreclosure’
2nd Annual Wine and Cheese Event
Thursday, September 16th, 2010UPCOMING EVENT 9/30/2010: You are invited to the 2nd Annual Short Sale Pros Wine and Cheese Event. We look forward to you joining us and many of San Diego’s leading Agents for a fun afternoon of networking, wine and cheese! We are announcing our Guaranteed 3% Commission to agents on ALL deals!!
You will have the opportunity to meet the entire Short Sale Pros team and get to know everyone behind the scenes who are dedicated to making sure you and your homeowners have a successful short sale!
We will be giving away a chance to receive DOUBLE COMMISSION on your next short sale and a new Apple i-Pad!
RSVP now by emailing events@shortsalepros.com or Call Now and Get Registered Today –> (858) 346-1600
2nd Commercial Short Sale CLOSED
Wednesday, June 16th, 2010Short 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
1.7 Trillion in foreclosures still ahead?
Sunday, May 23rd, 2010RealtyTrac 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.
Foreclosure rates surge nationwide
Thursday, April 15th, 2010RealtyTrac said today that the number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago. In addition, households facing foreclosure grew 16 percent in the same period and 7 percent from the last three months of 2009.
A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.
More homes were taken over by banks and scheduled for a foreclosure sale than in any quarter going back to at least January 2005, when RealtyTrac began reporting the data.
“We’re right now on pace to see more than 1 million bank repossessions this year,” said Rick Sharga, a RealtyTrac senior vice president.
California accounted for the biggest slice overall of homes facing foreclosure — roughly 23 percent of the nation’s total. One in every 62 properties received a foreclosure filing in the first quarter.
See the full article here.
California tax break for people in short sales
Tuesday, April 13th, 2010This new measure waives state taxes on mortgage debt that has been forgiven in a foreclosure or short sale. It applies to debt forgiveness in 2009 through 2012, and brings California into conformity with federal debt relief efforts.
Gov. Arnold Schwarzenegger signed the measure, “SB 401″, which permits married partners to exclude canceled mortgage debt up to $500,000 on their primary residence, $250,000 if an individual.
See the full article here.
VIDEOS Legal, Ethical, Fully-Disclosed Short Sale Flips
Wednesday, November 11th, 2009It is not illegal to flip a property, especially when everything is fully disclosed and transparent to all parties involved. Flipping is and always will be a healthy way for markets to regenerate.
INTRO VIDEO – Legal Short Sale Flipping
Video 1 – The Trust Explained
Video 2 – Is Flipping Legal?
Video 3 – Is everything Fully Disclosed?
Video 4 – Do we use Separate Funds for each transaction?
VIDEO Realtor Appreciation Night
Monday, November 9th, 2009Topic: Appreciation to local Brokers/Agents and the Short Sale Pros Model
These two videos cover Short Sale Pros Wine and Cheese Realtor Appreciation Night on 10/22/09 at the Legends Condos Downtown San Diego, featuring outtakes from Short Sale Pros CEO Michael Corradini, an owner of an Escrow company, and a Title company addressing the Short Sale Pros model.
Is it Legal? YES. It is ethical. YES. Is it fully transparent and disclosed to all paries? YES
PART I
PART II
