BofA can review short sale offer while loan is in an active bankruptcy

Bank of America can review a short sale offer while the loan is in an active bankruptcy. To complete a short sale and issue the approval letter, the bankruptcy documents must be filed and approved by the court. Any final agreement will require bankruptcy court approval. Homeowner(s) should consult with their Bankruptcy Counsel about how these programs could affect their …

Associations make final push for mortgage debt forgiveness extension

Lawmakers’ failure to extend the Mortgage Forgiveness Debt Relief Act by year-end will kill any momentum surrounding the short sales process, real estate economists say. Several banking and real estate organizations sent a warning letter about the expiring act and the immediate need for an extension to Senate leaders Wednesday. Short sales in the past year have become an attractive …

Keller Williams names Mark Kunce 2013 Cultural Icon for Southern CA

Mark Kunce of The My Home Team, Keller Williams San Diego Metro was recently named as the 2013 Cultural Icon for his contributions to KW Cares and many other local and national charities. More commonly known as the WI4C2TS Award, it is given to the agent who best exemplifies the Keller Williams culture. The Cultural Icon Award is presented to …

RealtyTrac: Distressed property and REO sales rise in 3Q

A total of 193,059 properties in some stage of foreclosure or bank-owned status sold across the U.S. in the third quarter, up 21% from the second quarter, RealtyTrac said Thursday. Despite the sharp increase from a month earlier, the sale of distressed properties actually fell 3% from the third-quarter of last year. Short sales grew in popularity across the marketplace, …

The Top 11 Reasons a Seller Should List During the Holidays

11. By selling now, you may have an opportunity to be a non-contingent buyer during the spring, when many more houses are on the market for less money! This will allow you to sell high and buy low! 10. You can sell now for more money and we will provide for a delayed closing or extended occupancy until early next …