Does anyone have a number for a supervisor in Chase's Short Sale Department.
I have been trying for 2 weeks to send an updated HUD, their request.. of course I have to fax it, all I have gotten for 2 weeks is a Busy sigal. OH yes, I have tried all different times of day, even on the weekends, I just tried still fast busy. I have call the Negotiator and left messages.
Any help I can get would be great!
Thank you,
Lisa
A Better Realty.Net
480-655-0904
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| Foreclosures Sink To 4-Year Low Posted: 12 Aug 2011 05:47 AM PDT
According to RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings nationwide fell 35 percent as compared to July 2010, a statistic suggesting that the housing market continues to improve. “Foreclosure filing” is a catch-all term encompassing default notices, scheduled auctions, and bank repossessions. Filings fell to a 44-month low in July 2011. For all the improvement, though, activity remains concentrated in just a few states. More than half of all bank repossessions last month occurred in just a handful of states. In July, 6 states accounted for 52% of activity. 1. California : 19% of all repossessions 2. Georgia : 8% of all repossessions 3. Florida : 7% of all repossessions 4. Texas : 6% of all repossessions 5. Michigan : 6% of all repossessions 6. Arizona : 6% of all repossessions At the other end of the spectrum is Vermont. With just 11 repossessions for all of July, Vermont accounted for 0.016% of repossessions nationwide. Distressed homes are in high demand with today’s home buyers. According to the National Association of REALTORS®, they account for 30% of all home resales. That’s no surprise, either. Distressed homes typically sell at 20 percent discounts as compared to non-distressed ones. But, if buying a foreclosure is in your agenda, be sure to do your homework. Buying bank-owned homes is different from buying from “people”. The contracts are different, the negotiations are different, and the homes are sometimes sold with defects. If you plan to purchase a foreclosure in Scottsdale, Gilbert, Chandler,Mesa, or Apache Junction including Gold Canyon , therefore, be sure to speak with a licensed real estate agent first. There’s plenty of available information online but when it’s time to buy, have an experienced agent on your side. Make sure you have a HUD agent if you are looking at HUD homes, have an experienced HUD agent on your side. Thank you, Mark for sharing this with us. That is mark@awesomerates.com Lisa Hanawalt A Better Realty.Net 480-655-0904 |
| Strong Job Growth In July Trumped By Credit Downgrade Posted: 11 Aug 2011 05:48 AM PDT
The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors. In addition, May and June’s originally-reported figures were both revised higher: § May 2011 was revised higher by 28,000 jobs § June 2011 was revised higher by 28,000 jobs The national Unemployment Rate slipped to 9.1 percent. The jobs report’s strong readings would typically be a boon to stock market and a threat to mortgage rates. This is because more employed Americans means more disposable income spent on products and services; and more taxes paid to governments at the federal, state and local level. This combination fuels consumer spending and supports new job growth, a self-reinforcing cycle that spurs economic growth and often to draw investors into equities. This month, however, the market reaction has been decidedly different. Since the Friday release of the July Non-Farm Payrolls report, the Dow Jones Industrial Average has lost close to 6 percent of its value. Furthermore, mortgage bonds — which typically sink on a strong jobs figure — have thrived. High demand for mortgage-backed bonds have pushed mortgage rates below their all-time lows set last November; the biggest cause of which is Standard & Poor’s credit downgrade of U.S. government-issued debt. Ironically, the credit rating downgrade sparked a surge of safe haven bidding that has been tremendous to rate shoppers and home buyers in Mesa and nationwide. Bond buyers are flocking to the U.S. If you’ve been shopping for a mortgage, therefore, or recently bought a home, use this week’s action to your advantage. Call your lender and ask about rates. You may be surprised at what you find.
Thank you Mark@awsomerates.com for this information. Call If you need help with any of your real estate needs Lisa 480-655-0904 A Better Realty. Net |
What do you do with a computer repair company that will not work on your machine? The tech says " there is a bad sector on the disk so we aren't allowed to work on your machine".... so why do I pay you a monthly fee? Has anyone else had this problem and how did you fix it, besides firing them?
Or that may be the only thing left, I just don't know. So, I am back to doing my own IT as if I need to do that. :-) Help Susan!
Lisa Hanawalt
A Better Realty.Net, with a sick computer :-(
480-655-0904
This is a wonderful home 3 bedroom 2 bath home Home for Rent! Move in ready today, I will have applications there, all your questions answered.
See you there! If you need directions just call.
If this home doesn't meet your needs, we do have another home for rent in Scottsdale on Phelps. 2 bedroom 2 bath we can show that to you also.
Lisa Hanawalt
A Better Realty.Net
480-655-0904
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| Is An FHA Mortgage Better Than A Conforming One? Posted: 26 Jul 2011 05:46 AM PDT The FHA is insuring a greater percentage of loans than during any time in recent history. In 2006, it insured roughly 5 percent of the purchase mortgage market. Today, it insures one-quarter. ”Going FHA” is more common than ever before — but is it better? The answer — like most things in mortgage — depends on your circumstance. Like its conforming counterpart, an FHA-insured mortgage is available as a fixed-rate loan and as an adjustable-rate one. Payments are made monthly and come without prepayment penalties. That’s where the similarities end, however, and decision-making begins. For homeowners and buyers across Scottsdale , FHA mortgages carry a different set rules as compared to conforming loans through Fannie Mae or Freddie Mac that can render them more — or less — attractive for financing. For example: § FHA mortgages can be assumed by a subsequent buyer. Conforming loans may not. § FHA mortgages require mortgage insurance, regardless of downpayment. Conforming loans do not. § FHA mortgages do not have loan-level pricing adjustment. Conforming loans do. FHA mortgages also require smaller downpayment requirements versus a comparable conforming mortgage. FHA calls for a minimum downpayment of 3.5%. Conforming mortgages often require 5 percent or more. And, lastly, FHA mortgages are priced differently from conforming ones. Since 2005, the average FHA mortgage rate has been below the average conforming mortgage rate more than 50% of the time, meaning that an FHA mortgage’s principal + interest payment is lower than a comparable Fannie/Freddie loan. Today, conforming mortgage rates are lower. So, which is better — FHA loans or conforming ones? Like most things in mortgage, it depends. FHA-insured loans can be big money-savers or money-wasters. To find out which is best for you, ask your loan officer for today’s market interest rates and study the results. With less than 20% equity, the answer is often clear.
Lisa Hanawalt A Better Realty .Net 480-655-0904 |
Today's networking meeting was informative; we talked about the 100,000 homes that have been foreclosed on, However they are not on the market. So, we chatted on why are the banks are holding them. This is what we came up with.
1. They are so unorganized that they do not know what to do with them
2. They are waiting for the market to recover some for better price point
3. Maybe they have been told to hold them until a certain time, then release them slowly
4. Maybe they do not even know they have all these homes on their books.
(1-4 is not factual... just what we thought of)
You may not be aware that when the bank has these properties on their books it keeps them from lending, for every dollar they have on their books, they must have a reserve of seven dollars.
Lisa
A Better Realty .Net
480-655-0904
Foreclosure activity continues to slow.
More Americans are getting back to work.
