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| Aug 09, 2010 | Government JFCOM, laying off workers who need to sell or trade their homes | | Jul 11, 2010 | Middle class families once had hope | | Jun 28, 2010 | Don't be fooled, Don't Short Sale... Trade your home instead! | | Jun 11, 2010 | Things to consider if foreclosure is in your future | | May 20, 2010 | Greek and Euro Falling, Housing will continue, Can I trade my Home? | | Apr 13, 2010 | Rates increase while waiting to trade your home | | Apr 03, 2010 | How to Trade Your House | | Mar 17, 2010 | Looking for a realtor to trade my home? Try Swapping your home now! | | Feb 27, 2010 | Trading your home - a change away from using the secret MLS | | Jan 16, 2010 | While You are looking to trading your home | | Dec 01, 2009 | If you Can't sell? Try swapping your home checkout an Online house trading | | Nov 02, 2009 | Lose your Home or Stay Unemployed - Have you consider Trading Your Home? |
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| | | God Bless America! Why Trading your home is the best option now!!
Aug 02, 2009 | | | | Here is the plan, drop your price as fast as a speeding bullet, do so, drop it and don't look back. Yes, short sale it if you can!!! Reduce it dramatically so will be considered when the mad rush happens. Why you ask? Here is our situation, we are in the last summer month, it does not get any better. For three months now, banks have been siting on a lot of short sales. They have the final say (if there is a note on the home), regardless of the agreed upon contract price of the home. Why, well, I hate to break it to you, but if the banks hold on to the Short Sales, then they are not accepting a loss on the books now for second qtr losses, and with the stimulus money they can wait out the obligations and continue to hold the notes until the retail price of homes increase (that is their expectations). Of course it is a gamble, but one they can afford while our administration backs them up. In the meantime, homeowners are waiting too. Next those prospecting homeowners are waiting too, but they signed multiple short sale contracts and will jump on the first approved short sale. If processing short sales flowed smoothly, this would not be a problem, but come Sept, the banks are going to freak out once they realize the number of homes for sales are not decreasing as anticipated and rather not show deeper losses on 4th qtr reports, in the meantime prospectors are not increasing their bids because of the long term risks associated with future employees affected by the economic envoronment, maily the increase of minimum wage, the changes to recent health care which will cause companies to slash jobs, decrease work hours, maybe even production; this ripple effect will re-enforce home prospectors to keep home prices low; and the massive layoffs and massive loan resets in late 2009/2010 will rock this market like we have never seen before. The depressed environment will contagiously sponsor frustration among the masses that will either revolt, or cause hysteria among the classes in all demographic areas to include the rise of crimes and racial tensions, this will be excerbated with the external forces like China. While all of this may likely happen, your chance of selling your home will get more difficult; but trading your home will continue to be an option while America faces the challenges of 2009/2010. God Bless America! | | | Views: 5 Rating: 0 (based on 0 votes) | |
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Aug 2009, Real Estate Picture still cloudy and gloomy.... median selling price ... down 3.4 percent from more
Jul 2010, failure of Obama mortgage modification program means short sales will continue to drop which will negatively impact appraisals...more
Jun 23, 2010, Plans penalties for homeowners
who walk away from mortgages ... more
Jun 2010, Times are changing, and our lifestyles are too, to include foreclosure. Take a look at the latest change...more
May 2010,Borrowers flunking out of trial mortgage modifications, NEW YORK (CNNMoney.com) -- The number of troubled homeowners falling out of...more
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