Bank of America short sales are on the move….

With Bank of America short sales starting to move quicker into closing, we should be setting up for the best spring home buying season in years. Thanks to B of A’s implementing the equator system getting files submitted and worked on has become a much quicker process. The equator system allows the person who submitting the short sale whether it’s the client, realtor or title company submits via an online portal versus the old fashion fax method they were using.

This short sale process for Bank of America eliminates a lot of the phone calls or going back and forth emails that you would normally have to deal with making sure that your file was received and is being worked on.

What’s great about the B of A equator system is that it sends you email notifications letting you know what you are missing or may need to fix within your package, again eliminating huge amounts of waste time you used to spend doing follow up calls.

Although great, it does have some draw backs. For instance, if the your are requesting a huge reduction request like over $150,000 or more your file may get kicked back and you will have to submit via fax.

All in all with B of A adopting the equator system for short sales and other banks like GMAC who has also implemented some features from the system, we expect at our Title Company closing will be robust for the Spring home buying season

For more info on short sales try what is a short sale

WhatisaShortSale.org was formed by a team of real estate, financial and legal professionals with over 50 years industry experience who have come together to provide homeowners with a no up front cost solution to completing a short sale.

What is a Short Sale free service to homeowner’s includes a free consultation that explores their present situation to see if they would qualify for a short sale. After the free consultation the homeowner’s are introduced to an expert in our network in their local area that will work hand in hand with them from start to finish during the short sale process.

Our network of experts do all the work from listing and showing the home, to processing all the necessary documentation that is needed for the banks approval to get your short sale approved in a timely fashion.

We help thousands of homeowners and agents across the nation short sale their properties. We understand it can be difficult for homeowners to pay their bills during a time of hardship, so there is cost for our services and no cost with our industry partners who help you with your short sale.

We have developed contacts within the banks that we utilize to assist in getting your short sale approved in a fast and efficient manner.

Free Short Sale Processing provided Whatisashortsale.org by Assure America Title Co.

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Short Sale Buyers should really beware of liens associated with a real property that they are interested in…

We are seeing a lot of properties come back with tax liens or judgments attached to the owner and the property. These particular properties are becoming more & more difficult to get a settlement on because there is not enough money to cover all the liens.

“For The Better Deal & Faster Closings…Perform a Preliminary Search”

Before you commit to a property and wait for a short sale to be completed only to find out the lender is not willing to settle, perform a search. A title lien search will tell you what liens are on the title, if you see that the numbers will be tough on that particular property…Move on to the next one.

Finding a property with little or no liens associated with it will end up closing faster and probably for a better deal due to the fact that there are less lien holders having their hand out when you close.

Our Short Sale Help program will help you find the right property, we will help you perform the search and explain to you what you are up against from the beginning.

Call us for more info 1-877-427-9696

Fast Florida Mortgage Refinancing at TLG…

The TLG mortgage refinancing team truly understands how important it is to you to close your Florida mortgage refinance on time.

Usually a person may refinance for consolidating debt, needing cash or just to take advantage of lower rates.

Right now people are refinancing their mortgages due to lower rates, we feel the rule of thumb is…If you can save anything close to a point when you are considering refinancing, it makes sense to refinance.

It is best to have professional mortgage broker run numbers for you and provide you with a Good Faith Estimate so you truly understand all the costs associated with you refinance, like recoding fees for your new mortgage.

This will provide you with hard numbers to compare and most important figure out how long it would take you to make back the costs and start saving additional money. In some cases we have seen clients make back the costs in just months. In these cases we were able to lower the clients interest by multiple points and it really save them a lot of money each month.

The South Florida Real Estate problems have drastically improved over the last 2 months; personally I have seen 7 out of 13 houses sell in my neighborhood in the last 30 days.

By no means is our problems over though, almost a 3rd of all Florida mortgages are delinquent and that’s a real problem…

The flip side to that is after speaking to someone I know yesterday, they told me “I just completed a loan modification…Saved over $700 a month…Reduced my payment to $1000″. This is Great for us, that means all those delinquent mortgages may just eliminate foreclosure.

The $8,000 home buying credit from the government is getting close to it’s end which we all hope may get an extension like it’s sister “Cash for Clunkers”….I believe that program has had a huge effect on helping the south Florida real estate market and can single handily get rid of at least 40% of the current home inventory.

Now, all we have to do is hope our Government realizes it too!

If you have gone out to look at properties yet, go and call your accountant first, he will provide you with the form you need to get your $8,000…then call your favorite realtor and buy a house. You will never get an opportunity like this again…

Get a Title Insurance Quote and save money on your closing costs

Content by: Real Estate Blog

Free Short Sale Help!

Are you trying to “short sell” your home? I am currently helping Realtors & Homeowners get their short sales approved 30 days fast than industry average turn-times.

Why? Because I was helping, homeowners negotiate their short sales over 10 years ago, simple math will tell you that is a lot longer than we have all been hearing about short sales in the news.

Over the years, I have learned exactly what the banks are looking for, so by providing them with exactly what they are looking your chance of getting an approval becomes much greater and eliminates any and all going back and forth which can take months. This intellectual knowledge as proven me right time and time again when negotiating short sales and I’m willing to help all of you for free to get your short sales negotiated and closed.

What will we do? Short Sale Help 

I have now trained my team so that they are able to help you…They will do all preliminary searches on the property for you so that when the HUD is submitted it is accurate and not based on assumptions. We will help prepare your short sale package the right way prior to submission making sure everything is right and stacked properly. From there we will help with follow up, making sure that we maintain our position in line for review and provide answers to bank concerns in less than 24 hours.

If you would like more information about us helping you with your short sale, please contact us directly at 877-427-9696

Why you shouldn’t go late if you don’t have to…

As a Real estate industry veteran i receive a lot of calls from friends, family and clients asking me what to do about there mortgage. I here, this attorney told me that if I’m late…I can get a mortgage modification….SHAME ON YOU ATTORNEY.

That is the furthest thing from the truth not to mention there is no guarantee your bank will modify you mortgage. First of all, part of one of Obama mortgage plans is to help home owners who are CURRENT on the mortgage yet fallen on hard times due to an overall weakening economy. So you don’t need to be late in order to receive a loan modification.

Here’s the reason I think you shouldn’t go late if you don’t have to…

In today’s mortgage market place it is very difficult to get a mortgage, so find value in the fact that you have one. Ask your self if you want to rent the rest of your life or try????? Even if your mortgage is slightly underwater pay it if you could, because once you stop paying you are not getting a conventional mortgage for a really long time. People are so caught up in what the heard is doing they forget to evaluate there own personal situations and just want to do what every one else is. Everyone is may not be in your situation or they didn’t deserve a house in the first place…If you feel you deserve a house PAY YOUR MORTGAGE.

 FL Refinance

If you can’t pay your mortgage, try a short Refinance before you go late. A short refinance basically allows you to negotiate your current refinance due to unfortunate circumstances and refinance into a new FHA loan with a lower payment.

Avoid getting caught up in the heat of the moment. You’re making a contract to purchase a home, which will legally bind you if the seller accepts. You also will submit a deposit with your offer, which is only refundable under certain conditions.

Do Your Research

Find out about:

• Current market conditions. The more demand there is for housing, the more you can expect to pay. 
• Prices of comparable homes sold in the area recently. The range varies, so get up-to-date figures. 
• Current value of the home. Work with your agent to get a list of recent sales of similar properties in the neighborhood. 
• The seller’s motivation. In cases such as divorce or relocation, the seller may settle for a lower price in exchange for a quicker sale. Questions to Ask the Seller. 

Prepare Your Offer

• Always make an offer within your ability to pay.
• To strengthen your offer, include a letter of pre-approval from a lender.
• Attach standard contingencies, or conditions, to your offer.
• You usually have to include a deposit with your offer, to be applied to the down payment if the deal goes through.

how much to offer on a house

Other Resources:

• Decide to Buy
• Prepare you Offer
• Get Organized
• Shop for a Home
• Get a Loan
• Close the Deal
• Back to Roadmap