Short Sale Chicago

Avoid Foreclosure. I Can Help.

* 2011: THE YEAR A HOUSE AGAIN BECOMES A HOME

Excellent article by The KCM Crew that speaks to the core of homeownership. Isn’t it time to go back to basics?  Who needs anything oversized, overpriced and overvalued?

2011: The Year a House Again Becomes a Home

by The KCM Crew on December 29, 2010 · 16 comments

 

For almost a decade now, every time we talked about real estate we immediately discussed money. We didn’t talk about the value of a home but instead about the price of the house. We didn’t worry about a roof over our heads but instead the ceiling on our interest rate. We didn’t care as much about where we raised our family as we cared about how much we increased our family’s net worth.

That will change in 2011. The KCM Crew believes very strongly that real estate will return to what it has been for the 200+ year history of this country: a place for us and our families to live comfortably. It will also prove to be a great long term investment as it always has been.
Read more…

December 29, 2010 Posted by | Uncategorized | Leave a comment

* FORECLOSUREGATE: EVERYBODY WORKS THEIR PLAN

Foreclosuregate: everybody works their plan byJennie Blackburn, www.StopFloridaForeclosureNow.com, December 02, 2010

Can’t understand why an institution does something that makes no sense?
Find out how they get paid and you’ll get your answer. Because…

Everybody Works Their Pay Plan.

When a borrower becomes delinquent, the loan servicing company gets to charge the investor a higher fee. So the servicer has ZERO incentive to cooperate in a short sale and every incentive to drag things out for as long as possible. This is why short sales take so long. I’m a Realtor in the Tampa Bay area of Florida, where 44% of properties sold in 2010 are either short sales (house is sold ‘short’ of covering the mortgage) or foreclosures. Over the past three years, I sat at many kitchen tables with bewildered homeowners who are the victims of manufactured default.
Everybody Works Their Pay Plan.
Read more

December 29, 2010 Posted by | Foreclosures, Short Sales | , , , , | Leave a comment

* ARE BANKS AFRAID TO FORECLOSE ON THE RICH?

naked capitalism, posted: 18 Dec 2010 07:36 PM PST

Are banks afraid to foreclose on the rich?

I got this report from an attorney who is doing work in one of the top five foreclosure states. I’m relying this account in a somewhat sanitized form; he provided far more in the way of specifics.
One of his colleagues has a monthly mortgage payment considerably above $20,000 a month. He has not made a single payment in over 18 months. He has also not received a foreclosure notice or even as much as a call from his servicer.
He knows of 20 people personally in his community who have mortgages of over $20,000 a month who have not made a payment in over a year. As with his case, there has not been a peep from the bank about the failure to pay. Some are nevertheless freaked out, concerned that the sheriff will show up any day, and have moved out.
Read more…

IF YOU DO NOT QUALIFY FOR, WERE DENIED
OR DO NOT WISH TO RECEIVE A LOAN MODIFICATION

IF YOU CAN AVOID FORECLOSURE (which stays on your credit report for 7 years)
BY SELLING YOUR PROPERTY
OR IF SELLING YOUR HOUSE IS A BETTER FINANCIAL DECISION

CONTACT ME FOR MORE INFORMATION ON SHORT SALES
Sell with dignity, preserve your creditworthiness and start rebuilding your life.

I have helped many clients avoid foreclosure.

For more information and a FREE REPORT ON SHORT SALES please call

Barbara Pedersen
Realtor®, Short Sale Specialist
(708) 539-9900

or email:
b.pedersen@comcast.net

December 26, 2010 Posted by | Buying, Foreclosures, Short Sales | Leave a comment

* HOUSING TRENDS NEWSLETTER – DECEMBER 2010

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

Please click here to view the DECEMBER 2010 Newsletter Housing Trends eNewsletter.

If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.

December 26, 2010 Posted by | Uncategorized | Leave a comment

* FORECLOSURE CRISIS – WHY AMERICANS ALLOW IT TO CONTINUE

Martin Andelman as always spot on:

Mandelman Matters, Friday, December 17, 2010

BREAKTHROUGH:

Why Americans Are Allowing the Foreclosure Crisis to Continue

It’s coming up on two years since I started writing my blog, Mandelman Matters, and since those oh-so-humble beginnings back in late December of 2008, I’ve written and posted 375 in-depth articles focused on the political, economic, social and legal aspects of the financial and resulting foreclosure crises.  And as I’ve said countless times before, although in hundreds of ways to avoid obvious repetition, both crises continue to drag our economy into a deep and prolonged recession as their combined impact destroys the accumulated wealth of all but America’s wealthiest citizens.
Read more

 

IF YOU DO NOT QUALIFY FOR, WERE DENIED
OR DO NOT WISH TO RECEIVE A LOAN MODIFICATION

IF YOU CAN AVOID FORECLOSURE (which stays on your credit report for 7 years)
BY SELLING YOUR PROPERTY
OR IF SELLING YOUR HOUSE IS A BETTER FINANCIAL DECISION

CONTACT ME FOR MORE INFORMATION ON SHORT SALES
Sell with dignity, preserve your creditworthiness and start rebuilding your life.

I have helped many clients avoid foreclosure.

For more information and a FREE REPORT ON SHORT SALES please call

Barbara Pedersen
Realtor®, Short Sale Specialist
(708) 539-9900

or email:
b.pedersen@comcast.net

December 26, 2010 Posted by | Foreclosures, Selling, Short Sales | Leave a comment

* REAL ESTATE MARKET IN 2011

This is a great article on KCM Blog on the future of real estate market

Demand for Housing Will Increase in 2011

by The KCM Crew on December 13, 2010 · 0 comments

The last Pending Home Sales Index from the National Association of Realtors (NAR) showed a substantial 10.4% month-over-month increase. According to NAR the index measures:

housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. Modeling for the PHSI looks at the monthly relationship between existing-home sale contracts and transaction closings over the last four years.

This increase confirms a growing feeling that demand for housing has begun to increase.

Both NAR and Fannie Mae expect an increase in sales over the upcoming five quarters. Here are their projections:

Bottom Line

Sales will increase over the next several quarters. The increase will initiate a housing recovery. However, price increases will not take place until current inventory levels diminish. That could take 12-18 months.

About The Author

We at The KCM Crew are pursuing our mission of building a home for real estate information. We are truly dedicated to helping real estate professionals by supplying all the tools and resources they need to be seen as industry leaders in their marketplace. See how we can help you to become an industry leader in your marketplace, and be sure to check out our page on Facebook and follow us on  Twitter.

December 13, 2010 Posted by | Buying, Foreclosures, Homes for Sale, Market Statistics, Selling | , , , | Leave a comment

   

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