Comments for 360 Realty Blog http://360realty.com/360blog Los Angeles Community BLOG Wed, 04 Nov 2009 22:53:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on California Anti Deficiency Statute And Short Sales by Thomas Bartke http://360realty.com/360blog/california-anti-deficiency-statute-short-sale/comment-page-1/#comment-396 Thomas Bartke Wed, 04 Nov 2009 22:53:55 +0000 http://360realty.com/360blog/?p=105#comment-396 This info is great. I will link back to it from my blog. Excellent resource here. Thanks for sharing! Cheers, Thomas <a href="http://CaWholesaleDeals.com" target="_blank">http://CaWholesaleDeals.com</a> This info is great. I will link back to it from my blog. Excellent resource here. Thanks for sharing!

Cheers,
Thomas
http://CaWholesaleDeals.com

]]> Comment on Countrywide Short Sale Approval by Lionel Sabbah http://360realty.com/360blog/countrywide-short-sale-approval/comment-page-1/#comment-47 Lionel Sabbah Fri, 01 May 2009 15:56:32 +0000 http://360realty.com/360blog/?p=52#comment-47 It is not normal. It takes us about a month to negotiate a short sale with Countrywide. The problem is that most realtors have no experience negotiating short sales. They have no relationships with the banks they are negotiating with. If this deal does not go through and you place an offer on another short sale, you want to make sure that listing agent has experience in short sales. In addition, you want to ask for proof that they have negotiated with that particular bank. Otherwise, when you put your offer you can request that an outside company, such as 360 Realty, negotiate your short sale. We currently have 150 short sales being negotiated with Countrywide and we have the relationships that make the process very easy. I hope it works out. I guess all you can do now is be patient. It is not normal. It takes us about a month to negotiate a short sale with Countrywide. The problem is that most realtors have no experience negotiating short sales. They have no relationships with the banks they are negotiating with. If this deal does not go through and you place an offer on another short sale, you want to make sure that listing agent has experience in short sales. In addition, you want to ask for proof that they have negotiated with that particular bank. Otherwise, when you put your offer you can request that an outside company, such as 360 Realty, negotiate your short sale.

We currently have 150 short sales being negotiated with Countrywide and we have the relationships that make the process very easy. I hope it works out. I guess all you can do now is be patient.

]]> Comment on Tax Consequences Associated with a Short Sale by Kim http://360realty.com/360blog/what-you-need-to-know-about-short-sale-tax-issue/comment-page-1/#comment-38 Kim Tue, 24 Mar 2009 01:55:18 +0000 http://360realty.com/360blog/?p=49#comment-38 Very well said & accurately quoted. The tax implication is one of the top 5 questions I am asked by my clients when considering a short sale. Now that the M.F.D.R.A. of 2007 has been passed, this puts sellers at ease when going forward with a short sale. Very well said & accurately quoted. The tax implication is one of the top 5 questions I am asked by my clients when considering a short sale. Now that the M.F.D.R.A. of 2007 has been passed, this puts sellers at ease when going forward with a short sale.

]]> Comment on Short Sale vs. Deed-in-Lieu: What’s Your Best Choice? by Kim http://360realty.com/360blog/short-sale-vs-deed-in-lieu-what%e2%80%99s-your-best-choice/comment-page-1/#comment-37 Kim Tue, 24 Mar 2009 01:51:45 +0000 http://360realty.com/360blog/?p=35#comment-37 These are both options & very well written. Most of my short sale clients have taken great time to weigh their options. It is a tough decision, and they always choose a short sale. Most want to get out of the home & buy another in a year or two...at the bottom of the market, vs. the top. These are both options & very well written. Most of my short sale clients have taken great time to weigh their options. It is a tough decision, and they always choose a short sale. Most want to get out of the home & buy another in a year or two…at the bottom of the market, vs. the top.

]]> Comment on What you should know before buying a short sale by Kim http://360realty.com/360blog/what-you-should-know-before-buying-a-short-sale/comment-page-1/#comment-36 Kim Tue, 24 Mar 2009 01:48:49 +0000 http://360realty.com/360blog/?p=8#comment-36 This is a great time to buy. Especially if you are a first time home buyer, or have not bought a home in several years. The feds are increasing the tax incentive to $8000! This is a great time to buy. Especially if you are a first time home buyer, or have not bought a home in several years. The feds are increasing the tax incentive to $8000!

]]> Comment on How Will A Short Sale Affect My Credit? by Stephan http://360realty.com/360blog/how-will-a-short-sale-affect-my-credit/comment-page-1/#comment-35 Stephan Fri, 20 Mar 2009 22:19:41 +0000 http://360realty.com/360blog/?p=33#comment-35 you get one free credit report every year going through them.... you get one free credit report every year going through them….

]]> Comment on Tax Consequences Associated with a Short Sale by Jennifer Montanez http://360realty.com/360blog/what-you-need-to-know-about-short-sale-tax-issue/comment-page-1/#comment-33 Jennifer Montanez Fri, 20 Mar 2009 19:34:21 +0000 http://360realty.com/360blog/?p=49#comment-33 This is great information. I plan to share it with people I know that are dealing with the difficult decision during these hard times. This is great information. I plan to share it with people I know that are dealing with the difficult decision during these hard times.

]]> Comment on Countrywide Short Sale Approval by Jennifer Montanez http://360realty.com/360blog/countrywide-short-sale-approval/comment-page-1/#comment-32 Jennifer Montanez Fri, 20 Mar 2009 19:32:42 +0000 http://360realty.com/360blog/?p=52#comment-32 Dealing with Countrywide is a great experience. Their staff is very professional and they really accomodate and work with you to get to the finish line Dealing with Countrywide is a great experience. Their staff is very professional and they really accomodate and work with you to get to the finish line

]]> Comment on Short Sale vs. Foreclosure: Which is the Better Option? by Gil Hacohen http://360realty.com/360blog/short-sale-vs-foreclosure-which-is-the-better-option/comment-page-1/#comment-30 Gil Hacohen Fri, 20 Mar 2009 19:26:26 +0000 http://360realty.com/360blog/?p=29#comment-30 The biggest hang up to a short sale is that the owner of the home usually wants to stay in their home. That is why loan modifications are so popular. Unfortunately what most people don't realize is that a loan modification many times does not help ease the burden of a large mortgage payment. Too often, a modification will get you out of an interest only loan with a high rate, and put you into a Principal & Interest loan at a lower rate. But because you are now paying your principal, your payment may even go UP!! Unfortunately for many homeowners they are so emotionally involved in their property that they don't realize this before they spend the thousands of dollars being charged by loan mod companies. Now, not only do they still have a payment they can't afford, but they are out a couple grand as well. The best bet for a homeowner in trouble is to be as rational as possible about their investment, and come to the conclusion that throwing good money after bad in this market is not the solution The biggest hang up to a short sale is that the owner of the home usually wants to stay in their home. That is why loan modifications are so popular. Unfortunately what most people don’t realize is that a loan modification many times does not help ease the burden of a large mortgage payment. Too often, a modification will get you out of an interest only loan with a high rate, and put you into a Principal & Interest loan at a lower rate. But because you are now paying your principal, your payment may even go UP!! Unfortunately for many homeowners they are so emotionally involved in their property that they don’t realize this before they spend the thousands of dollars being charged by loan mod companies. Now, not only do they still have a payment they can’t afford, but they are out a couple grand as well. The best bet for a homeowner in trouble is to be as rational as possible about their investment, and come to the conclusion that throwing good money after bad in this market is not the solution

]]> Comment on Tax Consequences Associated with a Short Sale by Heather Lonsdale http://360realty.com/360blog/what-you-need-to-know-about-short-sale-tax-issue/comment-page-1/#comment-29 Heather Lonsdale Fri, 20 Mar 2009 16:06:06 +0000 http://360realty.com/360blog/?p=49#comment-29 This is very informative as everyone tells us something different about the tax situation. This is very informative as everyone tells us something different about the tax situation.

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