I was pleasantly surprised last Friday when I was reviewing the Making Home Affordable website for our Certified Short Sale Professional designation training. I noticed that Bank of America and Countrywide are now on the list of servicers who have have formalized their commitment to the program through a signed contract. Recommended steps for homeowner to see if HAMP is a viable alternative to foreclosure: Complete the quick online form on the eligibility page of Making Home Affordable http://www.makinghomeaffordable.gov/eligibility.html Determine if your lender is participating in HAMP by either looking them up on this page: http://www.makinghomeaffordable.gov/contact_servicer.html AND calling your lender...
Have you noticed a lot of recent press criticizing the HAMP program as short-sighted and delaying the inevitable onslaught of more foreclosures? The underlying theme is pointing to "negative equity" as a primary factor for homeowners "strategically defaulting" - ultimately deciding to let their home go to foreclosure or short sale.
According to GLVAR, sales of existing homes in Las Vegas were up 64% in 2009. GLVAR reported 46,879 local housing sales in 2009. That represents a huge spike from 28,618 total sales in 2008 and trails only the 71,963 homes sold during the record year of 2004. The increasing sales continue to be driven by low prices. GLVAR reports that the average single family home sold in the area in December 2008 was $204,000 in December 2008. By December of 2009, that number had fallen to $165,000.
Content ideas for real estate bloggers.
Lifehack.org posted this Best of 2009 - I am highlighting the Productivity and GTD links in this post. Read the full blog post at Lifehack.org
I attended the first amazing REBarcamp in San Francisco, August 2008 - held prior to the Inman Connect. REBarcamp is now Virtual and still FREE and it's TOMORROW - January 4, 2010. If you want to seriously get a jump start on how to integrate Social Media into your Real Estate Business --- sign up now! Educating Real Estate Agents On How To Use Modern Technologies To Better Their Business Will Never Be The Same! On January 4th, 2010 dozens of the most respected educators in the real estate industry converge to host most exciting event of its kind, the...