Comments on: The Solution: Short Sales http://www.kcmblog.com/2009/12/03/the-solution-short-sales/ Building a Home for Real Estate Information™ Fri, 03 Feb 2012 17:55:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Don’t Be Short-Sighted on Short Sales http://www.kcmblog.com/2009/12/03/the-solution-short-sales/comment-page-1/#comment-483 Don’t Be Short-Sighted on Short Sales Thu, 04 Feb 2010 06:32:38 +0000 http://steveharneyblog.com/?p=1550#comment-483 [...] both of those points were true for 2009, they are based on past results. As we have previously posted, the short sale process will change radically as we proceed into 2010.  The change will create a [...] [...] both of those points were true for 2009, they are based on past results. As we have previously posted, the short sale process will change radically as we proceed into 2010.  The change will create a [...]

]]> By: uberVU - social comments http://www.kcmblog.com/2009/12/03/the-solution-short-sales/comment-page-1/#comment-307 uberVU - social comments Sun, 20 Dec 2009 05:49:04 +0000 http://steveharneyblog.com/?p=1550#comment-307 <strong>Social comments and analytics for this post...</strong> This post was mentioned on Twitter by steveharney: The Solution: Short Sales: Yesterday, we discussed that we are faced with the prospect of having millions of ho.. http://bit.ly/6qIeNU... Social comments and analytics for this post…

This post was mentioned on Twitter by steveharney: The Solution: Short Sales: Yesterday, we discussed that we are faced with the prospect of having millions of ho.. http://bit.ly/6qIeNU...

]]> By: Sell Now or Wait? http://www.kcmblog.com/2009/12/03/the-solution-short-sales/comment-page-1/#comment-225 Sell Now or Wait? Sun, 06 Dec 2009 04:00:39 +0000 http://steveharneyblog.com/?p=1550#comment-225 [...] in Pricing, Sellers This past week, we have discussed how the current economy is wreaking havoc on our housing industry, how many homeowners can no longer make their mortgage payments and can’t qualify for a loan modification. We reported that millions of these homes will eventually become foreclosures or, in a best case scenario, a short sale. [...] [...] in Pricing, Sellers This past week, we have discussed how the current economy is wreaking havoc on our housing industry, how many homeowners can no longer make their mortgage payments and can’t qualify for a loan modification. We reported that millions of these homes will eventually become foreclosures or, in a best case scenario, a short sale. [...]

]]> By: Steve Harney http://www.kcmblog.com/2009/12/03/the-solution-short-sales/comment-page-1/#comment-209 Steve Harney Thu, 03 Dec 2009 21:38:08 +0000 http://steveharneyblog.com/?p=1550#comment-209 Great questions, Becky!! I’m actually on vacation right now so I just did a quick read on the directive. When I get back, I will read it more thoroughly and, before the end of the month, I will post on all major points of interest. Great questions, Becky!!
I’m actually on vacation right now so I just did a quick read on the directive. When I get back, I will read it more thoroughly and, before the end of the month, I will post on all major points of interest.

]]> By: Becky Brand http://www.kcmblog.com/2009/12/03/the-solution-short-sales/comment-page-1/#comment-208 Becky Brand Thu, 03 Dec 2009 19:21:25 +0000 http://steveharneyblog.com/?p=1550#comment-208 Hi Steve - this is great info. I do have a couple of questions. From what I read, Supplemental Directive 09-09 applies only to loans not owned or guaranteed by Fannie Mae or Freddie Mac (non GSE loans.) In addition I know that FHA loans were not eligible for HAMP. Do you think that the Government Owned Loans Servicers will fall in line with similar guidelines and do you know what percentage of loans out there are non GSE loans? In other words, when we consider how many people want to do a short sale out there, how many of them do we think will eventually end up covered by these guidelines? Thanks! Hi Steve – this is great info. I do have a couple of questions. From what I read, Supplemental Directive 09-09 applies only to loans not owned or guaranteed by Fannie Mae or Freddie Mac (non GSE loans.) In addition I know that FHA loans were not eligible for HAMP. Do you think that the Government Owned Loans Servicers will fall in line with similar guidelines and do you know what percentage of loans out there are non GSE loans? In other words, when we consider how many people want to do a short sale out there, how many of them do we think will eventually end up covered by these guidelines? Thanks!

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