Sunday, January 30, 2011
Google to remove real estate listing feature
Ainsley Daux
Home Run Real Estate inc
(813)546-1954
Tuesday, January 18, 2011
Tampa Short Sale
Thursday, January 13, 2011
Short sale Guide
What is a short sale
A short sale is a foreclosure alternative which allows the borrow to sell the property less than the loan payoff. A short sale can help prevent a forclosure, further collection calls.
How to start a short sale.
Home owner to make contact and iniate short sale with the lender. Once the lender is aware that the seller wants to short sale, see below for sequence
A)Send the lender an authorization letter authorizing you agent
1.Some lenders may have a short package that they can obtain online.
B)The realtor list the property
1.Once a contract has been executed, the realtor will put together a package and forward to the lender.
C) For most lenders the package will include the
1.lenders short sale package,
2.the contract
3. HUD,
4.the lising agreement
5.Hardship letter
6.last 2 paystubs (if employed),
7.last 2 bank statments,
8.last 2 years w-2's,
9.T4506 form
10.A copy of the MLS listing
11.Buyers proof of funds
Make sure all documents that require a sellers signature is signed and dated. Make sure each document has the loan number written on it. Once the package has been faxed both the agent and the seller should follow up with lender to make sure all documents were received also be sure to ask the lender when will they complete a BPO.
Ainsley Daux
Home Run Real Estate inc
(813)546-1954
http://ainsleydaux.topseller.net
You Tampa Bay Realtor
Tuesday, January 11, 2011
Florida Homestead
For residence living in Tampa Bay Florida the county building is located on 601 Kennedy blvd.
If you are a first time home owner, below are a few questions you may need to answer:
1)In whose name was the title to the recorded as of January 1?
2)What is the property address?
3)How long have you been a legal resident of the State of Florida?
4)Do you have a Florida license plate on your car and a Florida driver's license?
5) Were you living in the home on January 1
Ainsley Daux
Home Run Real Estate inc
(813)546-1954
Monday, January 3, 2011
Short Sale Alternatives
We all know if we are facing foreclosure the lender may give us the option to sale the home as a short sale. A short sale is a sale of a home where the proceeds from the sale may not be enough to pay off the lien owed on the home. Normally a short begins after the owner has defaulted on their loan and decides to short sale. In some cases the lender will give the seller different options such as: died in lieu, or a loan modification.
Did you know there are other programs, other HUD alternative programs. HUD has a program called "Making Home Affordable Program". This program was created by the Obama's Administration to help homeowners refinance or modify their mortgage payment. For more detailed information you can go direct to their site www,MakinHomeAffordable.gov.
Here are 2 programs:
Home Affordable Refinance
Even though there is a pretty huge mortgage deliquency rate, there are more homeowners paying their mortgage on time month in month out. Unfortunately with the value of home decreasing many of those home buyers are unable to refinance their homes to take advantage of low interest rates. A home affordable Refinance will help borrowers whose loans are held by Fannie Mae or Freddie Mac refinance into more affordable mortgage
Home Affordable Modification
Many homeowners are struggling to make their monthly mortgage payments. The Home affordable Modification will provide a modification to their loan with payments they can afford. With this program you do not need to be delinquent on your mortgage but the property ahs to be your primary residence.
Stay tuned for more information on these programs. Please feel to call or email with any questions
Thank you,
Ainsley Daux
Home Run Real Estate inc
(813)546-1954