HELLLLOOOO My Beautiful Wonderful Bay Area!….Today is a cooler day but soon to be warmer days… I hope you’re all enjoying our Wonderful Bay Area… Today I’d like to revisit “homeless vets”…. I wish I could find a way to truly help our vets…homeless, disabled and otherwise … for all they’ve done in service for our safety at home… we should all be so thankful and repay them in every way possible… the reality is we’ve havent held up our end of the bargain… the current sellers market allows sellers to peruse multiple offers, mostly over list price, as is, no contingency, best price and terms… the VA Loan was created to help and thank our vets… it does have certain requirements that hinder VA Loans to be looked as the best finance option in addition to a few other requirements… if more owners who’s priority is to repay our vets by accepting their purchase offer backed by a VA loan… this would be a more ideal world… if this were true… to the contrary… owners however thankful they may be… are much more apt to accept an offer without any contingencies, with much higher down payments (VA loans dont require any downpayments), better terms and faster close times…of course they would… lets face it… if we were in that position can you honestly say you would accept an offer with a VA Loan?… (hmmmm if we were in a Buyer’s market I wonder what the climate for a VA loan would be)…which brings me to my update today…
As a reminder… here’s my posting on May 24,2012 (almost a year ago) http://bit.ly/11VtkuD
Today’s update…(is provided by RisMedia)… HUD & VA Team Up: Provide Homes to 9,000 Homeless Vets… 9000 Vets living on the streets or who are participating in the nation’s shelter system will soon find permanent homes due to extra $60 Million Dollars funded by HUD… (please read the link below)
http://bit.ly/1aPellA
This is good news… not the ultimate best… but definitely good… I hope we can one day find a way to erradicate this tragic situation once and for all.
HELLLOOOOO My Wonderful Beautiful Bay Area!!… The sun is out and is hanging out longer these days… more time for us to get out and enjoy our neck of the woods… even after work… plenty of light for all of us!…
Our real estate market all around our Bay Area is coming back by leaps and bounds… Sales have been inching upwards for a few months now… Sellers are reaping the benefits due to very low inventory and Buyers are out in droves vying for a chance at home ownership… taking advantage of the low low interest rates to boot…Not so much fun for buyers since this is a seller’s market… meaning multiple offers for the sellers and buyers are pretty much stuck if they dont offer over list, short times to remove contingencies or the most minimal shortest times to remove contingencies, bigger down payments, very quick close times etc etc…
Nevertheless abit of good news to share with you as sellers, buyers or just plain market watchers…here’s a goodie for you… as a result of a recent listing I had… even tho a short sale… with 2 loans… from the actual list date to close of escrow took a mere 2 months…from date of short sale approval from the bank to close of escrow date took less than 35 days… Now we’re talking!!… it is possible to rise above the Short Sale craziness of months and months and months of delays working through the various bank depts and myriad of bank short sale specialists who never seem to stay very long, who always seem to lose vital information… you can end up triumphant and literally close the transaction in the same amount of time as a normal regular transaction…Not a very usual happening but I do believe the general state of Short Sales are indeed getting better in as far as the length of time they’ve been known to take…
Its very possible the Short Sale process is finally getting more streamlined… I cant declare this sentiment as universal just yet but as the listing agent on this recent short sale… everything worked out super well for sellers, buyers, realtors for both sides, banks and buyer”s lender and escrow officer… it took all of us to work together to make it happen and make it happen we did!!… Huge Congrats… Luis, Melissa, Shayn, Megan, Karen, Randi, Marie & Julian (asset manager)…
If you’re considering putting your home up for a possible Short Sale and more importantly if you’ve already received a Notice of Default (NOD)… please call me at 925.997.2426 or email me at isiwu@comcast.net… Lets Talk… I Can Help!!
