Friday, September 27, 2013
banks give bad advice
Some may do it intentionally; some may just not have the systems in place to train their reps well. Some may be in fear of liability and only provide generic info. Either way, they all do it. They give bad, invalid or changing advice and info. This is unfortunate, disruptive and causes fear in the worried borrower. You need to be ready for this. You need to patient with this and you need to have a truthful person on your side to direct you to the truth. The worst “bad info” department at a bank will be the loan modification department. Many will tell you over the phone that they will help. When you then go onto their website or receive their loan modification packet you can read that they don’t do loan modifications. Why are they providing you with the info and the form then? Federal requirements to allow you to apply for a loan modification. They can take the application, they can provide the application and they don’t have to actually give you the loan modification. Unfortunately that makes it easier for scam artist's to take your money and promise to help. Please don’t be a victim of this common practice. IF you have tried that process you know what I mean. Once you understand that there is an investor on your loan you can directly go to the website for that investor to get the truth about timelines, policies and practices.
What can I do to update a space for little money that will have a big impact?
Lighting-The fixture or even just the bulb. Soft and pretty light can transform a space. Replacing or refinishing a fixture can transform the very style of a space.
Hardware-Cabinet pulls, door knobs & such. Replacing or adding cabinet pulls changes the entire function and look for a very small price.
Accents-Toss pillows, rugs, lamp shades & such. Taking down dated or disproportioned accents and adding those better sized for a space can change a room by tricking the eye to see more space or higher ceilings.
Window Treatments- Sometimes removing and sometimes adding. Something as simple as removing a dated window treatment or adding a simple modern panel can freshen up a room.
Paint-Changes everything. A bad color or sheen can change the way you feel in the space. The way light moves about in a space. A light reflective paint shade with a good undertone for the light in the space can brighten the entire feel.
Hardware-Cabinet pulls, door knobs & such. Replacing or adding cabinet pulls changes the entire function and look for a very small price.
Accents-Toss pillows, rugs, lamp shades & such. Taking down dated or disproportioned accents and adding those better sized for a space can change a room by tricking the eye to see more space or higher ceilings.
Window Treatments- Sometimes removing and sometimes adding. Something as simple as removing a dated window treatment or adding a simple modern panel can freshen up a room.
Paint-Changes everything. A bad color or sheen can change the way you feel in the space. The way light moves about in a space. A light reflective paint shade with a good undertone for the light in the space can brighten the entire feel.
Monday, April 8, 2013
Rates are unbelievable
If you have been considering a move I recommend making it. Rates are unbelievable. Our Salt Lake Valley market is revitalized also. The days of short sale dominated market may be behind us.
Monday, May 14, 2012
not just short sales anymore
The market seems to be happier and healthier. It’s not just the spring, it’s not just interest rates. It’s really better. I feel buyers that have been saving and saving and waiting and waiting are finally ready, willing and able to make the move. Multiple offers are everywhere. Regular sales are the majority in most demographics. A little bit of happiness has been injected into the process because of it. The market feels like real estate again, rather than the emotional draining and complex maze it’s been for so long. Though the government program to “help” homeowners still are not satisfactory and there are still people having to short sale, I am confident that the worst is over.
Friday, April 20, 2012
MHA Short sale or modification HAMP HAFA
My Short Sale and Selling Blog has info pertaining to the aspects of what I do as realtor and short sale expert. I am listing links to the blog that deal directly with the Making Homes affordable options. Check them out. As always if you have a property you think might need to be short sold or if you just need answers and have questions email me.
Thursday, February 9, 2012
Mortgage settlement leaves most homeowners to fend for themselves and convinces other that they will get helped falsely
The landmark $25 billion settlement reached by the federal government, 49 states and the nation's five biggest banks will provide long-overdue relief for hundreds of thousands of homeowners who have been struggling to navigate the mortgage mess created by lenders.The wider impact for most homeowners, along with the housing market and economy, will be much more limited.
“You’re hardly skimming the surface,” said Paul Dales, a housing economist with Capital Economics. “It could help some people a lot, individually. But in terms of the big-picture, overall economy and housing market, it’s really just a drop in the ocean of the problem.”
“You’re hardly skimming the surface,” said Paul Dales, a housing economist with Capital Economics. “It could help some people a lot, individually. But in terms of the big-picture, overall economy and housing market, it’s really just a drop in the ocean of the problem.”
The settlement takes a multipronged approach to try to unravel the aftermath of a housing market collapse that resulted in more than seven million foreclosures, created a legal morass for lenders and left a red tape nightmare for millions struggling to hang onto their homes.
Saturday, February 4, 2012
Short Sale DETAILS, Detailed
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