Getting Short Sales Approved

I remember the good old days — like a couple of years ago — when having 10 listings meant I was doing pretty well in real estate. Now I have 40 listings. And I tend to obsess over each and every one of them, too. You’d think that’s a lot of information to carry around in your head, but it’s not. What I find interesting is 80% of those listings are short sales. There are agents running around Sacramento who wouldn’t touch a short sale listing with a 10-foot pole. And there are other

http://housingstorm.com/tag/short-sales/

How are Short Sales fairing in the Elk Grove Real Estate Market? We will be bringing you information each month on Elk Grove Short Sale activity.

This chart shows our Elk Grove Short Sale activity from April 2009 through June 2010. The light green bar is active listings, dark green is solds and the red line is pending sales.
It’s exciting to see that closed sales of Elk Grove Short Sales have doubled in the past year! And pendings are way up also – 75% up! As you might expect, short sale listings have

http://housingstorm.com/tag/short-sales/

Understand The Newest Government Short Sale Program HAFA
Fannie Mae and Freddie Mac’s HAFA;
HAFA; The Newest Government Anti Foreclosure program has finally been adopted and by the two largest owners of home mortgages, Fannie Mea and Freddie Mac.  HAFA is the latest and greatest Government Short Sale Program. The GSE’s, (Government Sponsored Entities) have  announced their versions of the Making Home Affordable Foreclosure Alternatives (HAFA) program. The GSE’s are already rolling out these programs through many servicers right now but by August 1, all Servicers will be participating, implementing the program for all conventional mortgages that are held

http://housingstorm.com/tag/short-sales/

Nearly 12% of the pending short sales closed last month. While that may not sound like anything to write home about, that is way up from the usual 8% range that has been pretty typical. June sales that have been recorded so far are way up overall with 2,879, which is the best in four years.  Of that number 730 were short sales, which is definitely the biggest number I recall seeing since I have been watching them. The number of pending short sales has dropped by about 600 to 6,092 while the active short sales remains in the 5,700

http://housingstorm.com/tag/short-sales/