Comments on: We’re the Treasury- We’re Here To Help You With Short Sales (kinda)

By: Joan Lorberbaum Moor

Joan Lorberbaum Moor — Fri, 04 Dec 2009 20:01:50 +0000

@agentgenius We’re the Treasury- We’re Here To Help You With Short Sales (kinda) http://bit.ly/6qMVki <---kinda is right!

By: Virgil Pratt

Virgil Pratt — Fri, 04 Dec 2009 19:47:24 +0000

http://agentgenius.com/g-rants-insanity-more/real-estate/federal-foreclosure-alternative-programs/

By: Alex Romero

Alex Romero — Fri, 04 Dec 2009 09:17:31 +0000

http://agentgenius.com/g-rants-insanity-more/real-estate/federal-foreclosure-alternative-programs/

By: Jason Moore

Jason Moore — Fri, 04 Dec 2009 00:22:40 +0000

#agnow Good article on short sales and the future of them ... http://bit.ly/7ivgSa (via @agentgenius)

By: John Foreman

John Foreman — Thu, 03 Dec 2009 21:17:39 +0000

We're the Treasury- We're Here To Help You With Short Sales (kinda) http://bit.ly/4FcA1A

By: Amanda Wernick

Amanda Wernick — Thu, 03 Dec 2009 20:20:03 +0000

@agentgenius We’re the Treasury- We’re Here To Help You With Short Sales (kinda) http://bit.ly/6qMVki

By: Matt Stigliano

Matt Stigliano — Thu, 03 Dec 2009 19:15:21 +0000

Dean – I liked your video (and shared it on Facebook). Your point of $1,000 not being much of an incentive is a good one. If a bank doesn’t take a short sale now, I can’t see why they’d take the $1,000 incentive.

The problem with all of these ideas is that they are guidelines – unless someone takes them on, they’re a waste of time. I remember talking to a lender when the talk of monetizing the tax credit as a down payment was all the rage. The lender said he couldn’t fathom why a bank would take the risk with so little payoff. He said it would die a quick death…of course, as we know, it never even made it to an official guideline.

By: Top 10 real estate posts of the day for 12/3/2009 : Tempe real esatate and free home search

Thu, 03 Dec 2009 15:33:40 +0000

[...] We’re the Treasury- We’re Here To Help You With Short Sales (kinda) – More on the new short sales program. Rathbun has a reserved opinion, me, not as reserved, I [...]

By: Dean Ouellette

Dean Ouellette — Thu, 03 Dec 2009 14:57:10 +0000

$1,000 to agree to not go after any deficiencies? $1,000 to hire more staff to speed up the process? I did a video on this yesterday, I think it is nothing but feel good suggestions with no teeth and no basis in reality. But that is just one mans opinion.

By: Brad Officer

Brad Officer — Thu, 03 Dec 2009 13:06:43 +0000

RE/MAX President already has a YouTube video up describing the new process to potential short sellers. There is NO disclaimer in her video stating, “Only if your lender chooses to be part of this program”.

If I were a Seller needing to short sale and reading all the press on this new program, I would want all the benefits and the $1500. The incentives are so good for the seller, this program may end up being mandated to the banks by the sellers demanding their lender take part.

I hope BOA and Chase are getting ready!

By: realdiggity

realdiggity — Thu, 03 Dec 2009 09:53:09 +0000

We’re the Treasury- We’re Here To Help You With Short Sales (kinda): comments http://bit.ly/6xHy8q

By: Craig Barrett

Craig Barrett — Thu, 03 Dec 2009 07:34:27 +0000

RT @kenbrand: We’re the Treasury- We’re Here To Help You With Short Sales (kinda) http://bit.ly/4P1BQq

By: topsy_top20k_en

topsy_top20k_en — Thu, 03 Dec 2009 06:58:51 +0000

AgentGenius: “We’re the Treasury and We’re Here To Help You With Short http://bit.ly/8ORRyI Full http://bit.ly/7rulib

By: Ken Brand

Ken Brand — Thu, 03 Dec 2009 06:58:51 +0000

We’re the Treasury- We’re Here To Help You With Short Sales (kinda) http://bit.ly/4P1BQq

By: MIssy Caulk

MIssy Caulk — Thu, 03 Dec 2009 02:48:46 +0000

Matt, I read it, several times. The terms they used shall not will concern me.
Do they have to do this?
I am in wait and see mode. If it helps move them along then YEA to all parties, but very few used the Help for Home Owners Program.

By: Ken Brand

Ken Brand — Thu, 03 Dec 2009 02:00:26 +0000

This is very useful. Thanks.

By: HowardArnoff

HowardArnoff — Wed, 02 Dec 2009 22:53:32 +0000

I think the government should have just bailed out the taxpayers rather than the banks. In my opinion, this will be just about as effective as all the previous plans that were widely touted and resulted in just about nothing in terms of tangible results.

By: bficker

bficker — Wed, 02 Dec 2009 22:46:38 +0000

IF you were a HELOC in 2nd position who is owed $100k, why would you volunteer for a program that caps your ability to recoup at $3k? It doesn’t make sense! Every one of these terms outlined can be negotiated by an agent who knows what they are doing anyway. I can’t imagine how bad this is going to fail. There is absolutely no way to get this regulated or any way to convince lien holders this is a good idea.