Q. I currently own a 2 bed/1 bath manufactured home that we have out grown. I’ve looked into building on the property & but they want a minimum of 20% down plus cost on the existing mortgage. My income doesn’t meet current lending options either apparently. Based on current market rates and condition of the […]
Tag Archives: short sale
High End Short Sales in Coeur d’Alene, Idaho – Are They Worth It?
High end short sales in the Coeur d’Alene Idaho area can be worth it. If you are willing to… Wait out the bank (the process can take months and months). Willing to move on to the next high end short sale in the Coeur d’Alene area if the bank isn’t willing to negotiate a phenomenal […]
Tax Appeals, Right-to-work, Crime, Hotsheet Week-in-Review, Year-To-Date
This will be one ginormous post, packed with lots of information and details. Read on and let me know your thoughts . . . Overview of this week in real estate in the Coeur d’Alene area: Kootenai County property owners appeal assessments: Board of Equalization has heard appeals on 335 properties this year. This one […]
How can a self-proclaimed “Short Sale Expert” help you?
In short – they can’t. Of course, they probably have one of the following certifications or designations: CDPE (Certified Distressed Property Expert) ADPR (Accredited Distressed Property Representative) SFR (Short Sales and Foreclosure Resource) CSSA (Certified Short Sale Agent) CSP (Certified Short Sale Professional) CFAC (Certified Foreclosure Alternatives Consultant) SSG (Short Sale Genius) CSSN (Certified Short […]
Post Falls Homes Sold in April 2011
There were 45 homes that changed hands in April 2011 in Post Falls, ID aka 45 homes sold. Sold prices ranged from $23,500 to $625,000 Of the 45 homes that sold, 9 were short sales, 18 were foreclosure sales and 18 were traditional re-sales. Wow. What does that mean for you? 60% of the homes […]
Riverside Harbor Homes that Sold in April 2011
4 homes sold in Riverside Harbor in April 2011. They were: 5079 E. Portside Court 4980 E. Woodland Drive 105 S. Aerie Court 5086 E. Twila Court Interesting to note – 2 of these properties were short sales – the other 2 were traditional sales. More details on Riverside Harbor here.
Ask The Agent: My Home Is Underwater, Commission Amount is a Crime, Advice Needed
Ask The Agent: My Home Is Underwater, Commission Amount is a Crime, Advice Needed. Q. My home is partially underwater and I really can’t imagine forking out $40k in commission. It’s almost a crime to collect that amount of money. Any advice? A. I addressed your question fairly specifically in the video, so please take […]
Ask The Agent: Should I Let My Rental Properties Foreclose, They Didn't Short Sell
Ask The Agent: Should I Let My Rental Properties Foreclose, They Didn’t Short Sell Q. I own 2 investment properties that I bought and rehabbed in Idaho in 2006, one in Post Falls and one in Coeur d’Alene. Rent shorts mortgage payment by $36K/year. Homes are underwater $200K. Do I let them foreclose? Advice? Offer […]
"Ask The Agent": What's the difference between a Short Sale, an REO and a Foreclosure?
I get this question a lot – especially with the media throwing around these terms almost interchangeably, it’s hard to know what each one means, and how they relate to each other. What’s the difference between a short sale, an REO and a foreclosure: Did that answer the question for you? Have more questions? Just […]
