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Many people have no clue what happens or if anything happens to their credit when they complete a short sale. Truth is, many people just don’t know however, some really great articles are out there about this very topic and yet, so many questions still exist.
The first article I want to draw your attention to is notably an older article however, based on all the chatter I hear on a daily basis about how a deed in lieu or short sale will impact your credit, I really think this article…Continue
We are happy to announce a recent home closing in Milton, Wisconsin. Although, this bank owned home may be a tear down, the lot and location really were ideal. Being just steps away from Lake Koshkonong made this REO property a super buy, listed at just $34,650. Congratulations to our Rock Realty buyer,…Continue
Added by Michael Collins, CDPE, SFR on October 22, 2013 at 2:28pm — No Comments
Added by Pam Maglione on October 21, 2013 at 2:39pm — No Comments
We are happy to announce a sale for another Madison Wisconsin Rock Realty home seller!
This home was the perfect little tri-level on Madison's East Side. The buyers got a great price on this bank accepted short sale. Congratulations to the buyers and our sellers on this successful Madison short sale transaction!
If you are…Continue
Thinking of Short Sale Flipping?….Think Again.
In an Article in the Los Angeles Times Business paper, written by E. Scott Reckard published on-line 10/16/2013 @ 6:15am cst, he reports that a former Bank of America Corp. employee Kevin Lauricella was arrested on federal charges for accepting bribes in the amount of $1 million to allow homes to be sold far below their market value.
Based on the report, it appears that Kevin is indicted on 18 properties where he allegedly allowed…Continue
Added by Pam Maglione on October 15, 2013 at 10:39am — No Comments
HSBC Bank Policy Designed to Destroy Homeowners who want to Avoid Foreclosure.
I currently have a client who has two liens on his home. The first lien is with HSBC and it’s a conv. fixed rate 30 year mortgage. The second lien is with US Bank and it’s a Home Equity Line of Credit. In order to avoid foreclosure, my client originally approached both lenders and requested a Deed-in-Lieu however, the lenders advised him to complete a short sale. He finds me, we list the…Continue
Home sales and median prices both grew at a healthy pace in August, continuing the hot real estate market in Wisconsin. Existing home sales were up 13.7 percent in August compared to last August, closing out a very strong summer for home sales and 26 straight months of sales growth.…Continue
Added by Michael Collins, CDPE, SFR on October 3, 2013 at 3:45pm — No Comments
These home renovations tend to not pay back your investment.