Thursday, March 11, 2010

Short Sale Scam?

I attended a webinar (online class) this morning that felt more like a scam, than an formative class. What a bummer! I know there are many people out there who could use some short sale advice. I was hoping to receive more information and possible leads in today's class. This "program" called for a HUGE deposit and high monthly fees. I generally believe that companies that ask for money upfront like this, are more into making money themselves. About to do more research...

Tuesday, March 9, 2010

Caravan: New Listings

Caravan: a bunch of agents tour around to see fellow agent's listings to increase awareness of what's on the market, and hopefully find more buyers interested in that property. Today was my first caravan, and it was pretty interesting. My husband Oliver Indra had his own listing, and it was great to hear the feedback about how the owners fixed up the home, which is information we can share with home owners, about what to do and how to give your home that look that buyer's want.

I also took advantage of all the networking I've done this last year, and decided that those business cards gathered, could be possible leads once I get rolling. So there was a lot of data entry today.

Dogs stayed home alone, and I was so pleased once I came home and saw they didn't shred the house to bits and pieces. Whoow.

Can't wait for tomorrow!

Thursday, March 4, 2010

Short Sale Specialist

I proudly received my certification of completion of short sales training, making me a "Short Sale Specialist". In the real estate industry Short Sales are notorious for being a long drawn out processes in which both seller and buyer are required to be patient, cooperative, and live in uncertainty until completion of sale.

Pros For Seller: On a primary residence, a short sale should only last for about 3-4 years on the credit history, vs. seven years with a foreclosure. Emotional benefits of seller selling home, vs. the feelings of losing a home or being evicted.

Pros For The Buyer: May get a great deal on a home, but will general take longer than a "regular sale" because the banks, not the home owners, will ultimately need to approve the sale.

What qualifies as a short sale? The bank will have to approve a short sale because they are losing the money they lent to the home owners. I have heard that the home owner must prove hardship in order for the bank to accept less than the full amount owed to bank/lender.

If you want to know more about the short sale process because you have a home that you can't sell for more than what is owed (upside down) and have a financial hardship, then contact us. There is a window of opportunity between delinquent payments and the time the lender takes back the home. During this window of time a short sale may be beneficial to you and your lender.

Check out Realtor Oliver Indra's site: or contact, or call: 760 805 9336.