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Las Vegas, NV Real Estate Roller Coaster Rides Again!!!!!

Posted by James Webster on May 12, 2012 at 9:45 PM Comments comments (0)

Inventory Falls ----- Homes Prices Rises ---- Notices of Defaults Falls -- Existing Homes Sales Rises ---

The total inventory of homes available without pending or contingent offers, down 63.4 percent from one year ago to 4,162. Homes prices rose for the third straight month in April while inventory falls. Based on current demand, our housing supply is down to about four to six weeks, according to Kolleen Kelley, President of the Greater Las Vegas Association of Realtors. GLVAR reported 83% of homes listed this year in Las Vegas, NV are sold. See my blog List vs Sold Comparison . Notices of default plummeted with the number of bank-owned homes on the market drops to less than 800. NOD filings dramatically shows the direct correlation of inventory of homes currently for sale. See my Notice of Default Blog. Home prices continue to face upward pressure until inventory improves in the coming months. Existing homes sales remain ahead of the record pace set in 2011 even with fewer homes for sale. April sales were up 3.3 percent from the same month a year ago. Stay Tune!!!!!! (Las Vegas Review Journal article 5/8/2012)
I am your Real Estate Expert for North Las Vegas, Summerlin,, Sunrise Valley, Green Valley, Henderson, Southern Highlands and surrounding areas. You can rest assure when it comes to providing the most innovative search systems in the industry, EXIT Realty Platinum Group is second to none. Let our team of professionals save you time and money. Call me today (702) 205-7227.

All Mandatory CE Classes Saturday Only $45.00

Posted by Gregory Bennett on May 10, 2012 at 2:55 PM Comments comments (0)

Prince Georges County MD Real Estate School - Bennett Academy of Real Estate is the fastest growing real estate school in Prince Georges County MD. We guarantee you'll pass the real estate exam or your money back. We're one of the only Maryland Real Estate Schools that offer tuition reimbursement for our Maryland Real Estate Classes. We also offer Maryland Continuing Education Classes. Give us a call today at (301) 459-5040.

Las Vegas, NV Single Family Homes List vs Sold Comparison

Posted by James Webster on May 8, 2012 at 3:25 AM Comments comments (0)

According to Greater Las Vegas Association of Realtors (GLVAR) Sales/Market Statistical data, 83% of homes listed in Las Vegas, NV are sold this year. For Condo/Town-homes, it is 86% of units listed have sold this year. Four years ago, 2008, these percentages were 41% for SFH and 28% for condo/town-home. This statistical data shows once again that we are facing a Seller's market. See my blog on Las Vegas Notice of Default Filings. The shrinking inventory of homes for sale with the high percentage of homes being sold will continue to pressure upward pricing for Las Vegas, North Las Vegas, Summerlin, Henderson, and surrounding communities. The inventory/market will show some significant changes this summer, hopefully for the better..... Stay Tuned!!!!!.

I am your Real Estate Expert for North Las Vegas, Summerlin,, Sunrise Valley, Green Valley, Henderson, Southern Highlands and surrounding areas. You can rest assure when it comes to providing the most innovative search systems in the industry, EXIT Realty Platinum Group is second to none. Let our team of professionals save you time and money. Call me today (702) 205-7227.

North Las Vegas Real Estate Market - WEEK - N - VIEW !

Posted by James Webster on May 4, 2012 at 11:05 AM Comments comments (0)

The median list price in North Las Vegas, NV for single family homes this week is $118,00 and $58,200 for condos and town-homes. Up from 115,888 and 54,950 respectively. Las Vegas median list price is $165,000. This is the upward pricing pressure mention in my first, North Las Vegas, Week-N-View blog. Supply and Demand. More sales demand and fewer homes listed contributes to the increase in prices. Homes sales continue to outstrip supply. This is a seller's market so watch for continued upward pricing pressure in the near future if the trend continues, according to Lawyers Title Executive Weekly Summary Report.

I am your Real Estate Expert for North Las Vegas, Summerlin, Spring Valley, Sunrise Valley, Green Valley, Henderson, Southern Highlands and surrounding areas. You can rest assure when it comes to providing the most innovative search systems in the industry, EXIT Realty Platinum Group is second to none. Let our team of professionals save you time and money. Call me today (702) 205-7227.

Upper Marlboro Short Sales - Upper Marlboro Short Sale Agents

Posted by Steve Queen on May 1, 2012 at 9:15 AM Comments comments (0)

Another Upper Marlboro, Maryland home listed By Steve Queen. Also the newest short sale listings in Upper Marlboro. The featured property below was accepted into the Homes Affordable Foreclosure Alternative Program (HAFA) by the bank. If you are interested in information about the Short Sale Process, The Homes Affordable Foreclosure Alternative Program (HAFA) or The Home Buying Process of any property in Maryland or the District of Columbia, please Call Steve Queen for your personal consultation at (202) 367-4348.

Please Use The Links Below For Home Listing Information On All Upper Marlboro Properties!

To view all available Upper Marlboro properties for sale please click here. To view all available Upper Marlboro foreclosure properties please click here. To view all of available Upper Marlboro short sale properties please click here. To view all available Upper Marlboro single family homes please click here. To view all available Upper Marlboro condo & townhouses please click here. To view all properties through out Maryland, Virginia and the District of Columbia please click here.

1008 Wood Branch Ct # 406 Upper Marlboro, MD
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This stately 3 bedroom 2 1/2 bath garage town home is located in the highly sort after watkins Place. The main level shows like like a model and boast an incredibly spacious living room. This level also includes an eat in gourmet kitchen with 42 inch cabinets, a built in Microwave, a pantry and a sliding door to the balcony to enjoy your morning coffee. The master suite includes a spacious walk in closet and a master bath with a separate shower, dual vanities and linen closet. This home includes recessed lights, new paint, a fireplace a garage, and much much more. Call Steve Queen at (202) 367-4348 for your personal tour.
MLS# comingsoon_EECZ5
$185,000
3 Bed, 2 1/2 Bath
1008 Wood Branch Ct # 406
Upper Marlboro MD, 20774

EXIT BENNETT REALTY

Steve Queen
Steve Queen
EXIT BENNETT REALTY
202-367-4348

 

View Details 26 photos

$370,000 4 beds, 3.5 baths mls no. PG7829956
Single Family Home This Stunning 2 Story Colonial Offers Over 4600 Sqft of Living Space Situated on... Courtesy of Keller Williams Select Realtors of Ellicott City
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View Details 1 photo
$260,000 4 beds, 3.5 baths mls no. PG7804537
Single Family Home Beautiful Colonial with many newer amenities. Lots of windows and space for... Courtesy of Weichert, REALTORS
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View Details 1 photo
$223,000 3 beds, 2 baths mls no. PG7777582
Single Family Home Lovely split foyer home featuring three bedrooms, two full baths, fully finished... Courtesy of RE/MAX Professionals
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View Details 2 photos
$120,600 2 beds, 2.5 baths 1500 sq. ft. mls no. PG7771236
Condo/Townhouse "Short sale Pre-Approved List price by the Lender" Listing agent will hold EMD.... Courtesy of Long & Foster Real Estate, Inc.
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View Details 15 photos
$125,000 2 beds, 1.5 baths mls no. PG7773602
Condo/Townhouse Great starter home for, end unit townhouse, 2 levels, 2 master bedrooms with 1.50... Courtesy of Long & Foster Real Estate, Inc.
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$255,000 3 beds, 3 baths mls no. PG7727906
Single Family Home ***MUST SEE UNIQUE BILEVEL HOME WITH TWO STORY FOYER**KITCHEN/DINING ROOM THAT... Courtesy of Fairfax Realty, Inc.
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$254,100 4 beds, 2.5 baths mls no. PG7781293
Single Family Home 4 BEDROOMS 2.5 BATHS. BACKS TO WOODS. OWNER'S SUITE WITH VAULTED CEILING. MASTER... Courtesy of Keller Williams Preferred Properties
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$170,000 4 beds, 4 baths mls no. PG7764544
Condo/Townhouse Nice hardwood floors greet you as you enter this home! Three spacious bedrooms are... Courtesy of Tristar Realty Inc
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$125,000 3 beds, 2 baths 1936 sq. ft. mls no. PG7740283
Condo/Townhouse Well taken care-off end unit. Fresh tasteful paint; updated kitchen w/ stainless... Courtesy of ZipRealty, Inc.
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View Details 24 photos
$279,999 3 beds, 2.5 baths mls no. PG7818934
Single Family Home Remarkable renovated home in established Upper Marlboro neighborhood. Hardwood... Courtesy of ABR

Your Complete Upper Marlboro Home Listings!

   

Upper Marlboro Homes         Single Family Homes            Condo / Townhomes

   

        Foreclosures                              Short Sales                    Real Estate Blogs!

This important information was sent out to short sale agents with in Bank of America's data base. I have used the homes affordable foreclosure alternatives program for my clients in many of my short sale transactions. If accepted, this program will not only help the seller to obtain up to $3,000 for relocation fees. This program will also assist the seller with having the deficiency difference between the net amount owed to the bank from the short sale and the original loan amount waived. This program can be a win win situation for many homeowners. Under the HAFA program you are required to work with a Realtor. Give Steve Queen a call with any questions at (202) 367-4348.

Is the Home Affordable Foreclosure Alternatives program right for me?

Program goal

The Home Affordable Foreclosure Alternatives (HAFA) program was developed to give homeowners a way to settle their mortgage debt without going through a foreclosure.

The goal of this program is to help you sell your home in a short sale and settle your mortgage debt if you owe more on your mortgage than your house is worth and are unable to qualify for a home loan assistance program.

This federal government program streamlines the short sale approval process and offers financial assistance to help you with relocation.

Eligibility

You may be eligible for the Home Affordable Foreclosure Alternatives program if:

the property is your current principal residence, OR the property has been vacant or rented out for less than 12 months, and you have not bought another principal residence during that time.

the amount you owe on your first mortgage for your property is equal to or less than:

  • $729,750 for 1 unit
  • $934,200 for 2 units
  • $1,129,250 for 3 units
  • $1,403,400 for 4 units

you owe more on your home than it’s worth

your current mortgage was taken out on or before January 1, 2009

you are experiencing a hardship (such as a job loss, divorce or medical emergency) and are unable to afford your current home loan

Program at a glance

  1. Call icon

    Step 1: Call us to request a HAFA short sale and update us on your current financial situation. We’ll review your information and check your eligibility for a Home Affordable Modification or any other home retention program that would enable you to stay in your home.

  2. Approval icon

    Step 2: If you don’t qualify for a modification and want to sell your home, we’ll work to gain approval of your first mortgage HAFA short sale request. If you have a second mortgage with another lender, you will have to ask them for approval.

  3. Market icon

    Step 3: You will be given time to market and sell your home — typically 120 calendar days. You are required to work with a licensed real estate professional.

  4. Offer icon

    Step 4: Once you receive an offer, you have 3 calendar days to submit a Request for Approval of a Short Sale document as well as the offer letter. We’ll get back to you with a decision on the offer within 10 business days.

  5. Closing icon

    Step 5: If the offer is accepted, your house is sold and your mortgage and any other loans against the home are settled from the proceeds of the sale.

Get more details on the steps of a HAFA short sale.

How do I get started with a Home Affordable Foreclosure Alternatives program?

Before we begin

To start the Home Affordable Foreclosure Alternatives (HAFA) program you need to call us to request to sell your home in a short sale.

If you haven’t applied for a Home Affordable Modification prior to requesting a short sale, we’ll check to see if you meet that program’s eligibility requirements first. To do this you’ll need to update us on your financial information.

Let us help you

Call us today at:
1.866.880.1232

8am-10pm EST Mon-Fri
9am-5:30pm EST Sat

To help you keep track of important deadlines and take notes during the call, please print out this form prior to calling.

Now that I’m in the process, what’s next?

If you’re in the process of selling your home in the Home Affordable Foreclosure Alternatives (HAFA) program, we can help you understand what you need to do next.

I have requested a HAFA short sale.

Once you’ve requested a short sale, you’ll have to update us on your current financial situation. As part of the Home Affordable Foreclosure Alternatives program, we’ll review your information and check your eligibility for a Home Affordable Modification or other home retention programs that would reduce your monthly payments to enable you to stay in your home.

If you do not qualify for a modification or no longer wish to stay in your home, then we’ll begin to work with you on a short sale.

I’m preparing to put my home on the market.

We’ll need to determine an acceptable price for you to market your home. You may have heard this referred to as a fair market value. To determine the fair market value, we’ll order a valuation of your home.

We’ll also work with all parties necessary to approve your first mortgage HAFA short sale request. Even if you are pursuing a short sale with us, in most cases, there is a third party that has ownership of the loan. We will need their approval in order to finalize the short sale.

If the sale is approved, you’ll receive a Short Sale Agreement with the acceptable offer price for your home. You’ll need to sign and return this agreement to us within 14 calendar days.

If you have a Bank of America home equity loan or line of credit (also referred to as a second lien), we’ll take care of getting approvals for your HAFA short sale request. But, if your home equity loan or line of credit is with another lender, you will have to contact that lender and have them sign a Second Lien Release form before any offer can be considered. To avoid any delays, it’s in your best interest to contact them right away.

NEVADA SUPREME COURT RULING SETS SHORT SALE PRECEDENT!!!!!

Posted by James Webster on April 30, 2012 at 7:15 PM Comments comments (0)

Any deal signed with a lender after a foreclosure mediation session could be enforced and foreclosure proceeding halted. Las Vegas, North Las Vegas, Summerlin, Henderson, and surrounding communities currently has 1688 short sales listed. This should be welcome news for short sale sellers. The ruling came about when a Nevada couple borrowed $527,000 in 2006 to buy a home. In 2010 they were in defaulted and faced foreclosure. After meeting with the lender SunTrust Mortgage, in November of that year, the Sellers and their attorney signed an agreement to accept a short sale contract. During the short sale process the sellers balked at competing the follow-up documents. Evidently, the bank wanted to void the short sale contract and complete the foreclosure. Couple sued the lender... ....the court found that holding off a foreclosure during the sale process was of value to the couple, making the deal (short sale contract) a valid contract. The lack of certain documents did not change that..... and because this was a published ruling, it becomes a precedent for state courts. Bottom line here .... this ruling should force a lot of banks to halt foreclosure proceedings once they have signed foreclosure mediation deal/short sale contract. Know your rights and the programs in place to assist you. If you have questions concerning short sales or if you are considering a short sale, please call me at 702-205-7227 today. Las Vegas, NV RJ article posted 5/27/2012...

I am your Real Estate Expert for North Las Vegas, Summerlin, Spring Valley, Sunrise Valley, Green Valley, Henderson, Southern Highlands and surrounding areas. You can rest assure when it comes to providing the most innovative search systems in the industry, EXIT Realty Platinum Group is second to none. Let our team of professionals save you time and money. Call me today (702) 205-7227.

Rivendale New Homes for Sale in Columbia SC- Northeast Columbia Real Estate

Posted by Exit Real Estate Solutions on April 28, 2012 at 5:05 PM Comments comments (0)

Rivendale is a recently built Northeast Columbia, SC community that has affordable homes with great features! Prices range in this neighborhood from the low $100′s to the low $200′s. Homes have a variety of fronts including brick, vinyl, and brick with stone accents. There is also an assortment of different floor plans with 3-5 bedrooms, 3-5 bathrooms, and that range in size from about 1600 sq ft to about 3100 sq ft.


Granite counters, hardwood floors, and formal dining and living rooms are just some of the common features found in Rivendale homes. Oversized master suites and walk-in closets in each bedroom are also typical. Many neighbors also enjoy sitting on their screened porch while enjoying their landscaped yard that is lush due to their sprinkler system.



Residents of Rivendale attend award-winning Richland 2 Schools including Sandlapper Elementary, Longleaf Middle, and Blythewood High School.


Located off Longleaf Road, Rivendale is situated just 2 minutes from 1-77 making the commute to downtown Columbia a quick, easy 20 minute trip. The city has many unique boutiques, fine dining restaurants, great entertainment venues, and fun festivals throughout the year. The growing Northeast Columbia area also has a lot to offer in regards to dining, shopping, and entertainment. The Village at Sandhills is a recently built 300 acre retail center that is continuing to expand. It has both national and local retailers in addition to restaurants for every taste! They also host many family-oriented events such as a summer concert series. Golf enthusiasts can relax while taking a few swings at one of the many nearby golf courses such as The Golf Club of South Carolina at Crickentree, The Woodlands Golf and Country Club, and Northwoods Golf Course.



Exit Real Estate Solutions is at the forefront of Real Estate in the Rivendale Neighborhood and in helping you find your next home.



Currently in Rivendale:

Active listings: 4 homes
Average listing price: $133,700
Average days on the market: 119 days
Average square feet: 2244
Average $/sq ft.: $60



If you are interested in a purchasing a home in Rivendale, please feel free to contact us and visit our website.



CHECK OUT THIS GREAT LISTING FOR SALE IN RIVENDALE! A FORMER MODEL HOME!



Search Rivendale Columbia, SC Homes for Sale here!



Blog Signature: Northeast Columbia SC Homes for Sale, Northeast Columbia SC Real Estate for Sale, Northeast Columbia SC Property Listings, Rivendale Homes for Sale, Rivendale Neighborhood Real Estate, Rivendale Community, Columbia SC, Rivendale Subdivision Homes for Sale, 5 Rivendale Court, Columbia SC Homes for Sale, Columbia SC Real Estate



Homegain Blog: Rivendale New Homes for Sale in Columbia SC- Northeast Columbia Real Estate
ExitRES Blog: Rivendale New Homes for Sale in Columbia SC- Northeast Columbia Real Estate
Trulia Blog: Rivendale New Homes for Sale in Columbia SC- Northeast Columbia Real Estate
Activerain Blog: Rivendale New Homes for Sale in Columbia SC- Northeast Columbia Real Estate
Realtown Blog: Rivendale New Homes for Sale in Columbia SC- Northeast Columbia Real Estate
WordPress Blog: Rivendale New Homes for Sale in Columbia SC- Northeast Columbia Real Estate
Exitmidsouth Blog: Rivendale New Homes for Sale in Columbia SC- Northeast Columbia Real Estate
ExitCarolinas Blog: Rivendale New Homes for Sale in Columbia SC- Northeast Columbia Real Estate
Jaekimhomes Blog: Rivendale New Homes for Sale in Columbia SC- Northeast Columbia Real Estate
Agreatertown Blog: Rivendale New Homes for Sale in Columbia SC- Northeast Columbia Real Estate
Exitmidatlantic Blog: Rivendale New Homes for Sale in Columbia SC- Northeast Columbia Real Estate



Columbia,SC EXIT Real Estate Solutions – Jae Kim, Broker
Buying or selling a home or property should be one of the most enjoyable experiences of your life.  Most of the time, it’s the largest investment you will make.  Jae Kim of EXIT Real Estate Solutions in Columbia, SC is your Award Winning Real Estate expert in BlythewoodColumbiaLugoffElginLexingtonIrmo,ChapinCamden,
CayceWest Columbia, and the rest of Greater Columbia.  This is what we do every day. We can simplify the process for you so that you can enjoy the the experience and avoid the pitfalls that often result in stressful transactions.  Call 803-348-3052 today for World-Class, Award- Winning representation.

Las Vegas Notice Of Default Figures - Shrinking Inventory ;>( !!!!!

Posted by James Webster on April 27, 2012 at 3:25 AM Comments comments (0)

Clark County, NV figures for the past year's NOD filings dramatically shows the direct correlation of inventory of homes currently for sale. During the six month period of April 2011 to September 2011, there were 17,820 NODs filed in Clark, County. And during the six month period from October 2011 to March 2012, there were only 1,027 NODs filed. Yes, inventory is shrinking fast throughout the Las Vegas, North Las Vegas, Henderson and throughout the Vegas Valley, see my previous blog, North Las Vegas Inventory of Homes for Sale - Shrinking. According to Nevada Title Company Distressed Property Transaction Report the number of NOD's double to 20 recordings per day.

A PICTURE IS WORTH A THOUSAND WORDS
I am your Real Estate Expert for North Las Vegas, Summerlin, Spring Valley, Sunrise Valley, Green Valley, Henderson, Southern Highlands and surrounding areas. You can rest assure when it comes to providing the most innovative search systems in the industry, EXIT Realty Platinum Group is second to none. Let our team of professionals save you time and money. Call me today (702) 205-7227.

Homes and Real Estate for Sale in Greenside of Lexington SC and Neighborhood Information

Posted by Exit Real Estate Solutions on April 26, 2012 at 7:40 PM Comments comments (0)

Homes and Real Estate for Sale in Greenside of Lexington SC and Neighborhood Information


Welcome to Greenside, a golf course community on Barr Road in Lexington, SC very conveniently located near I-20.


Greenside, made up of 34 homes, is next door to the Country Club of Lexington so residents can easily take advantage of the numerous amenities offered. The Country Club of Lexington features life style amenities in a casual atmosphere that includes dining, golf, tennis, and swimming facilities. A variety of programs associated with those facilities are available for member’s families and friends. There are both golf course front and wooded home sites available to fit your preferences.


Homes in Greenside have 3-4 bedrooms, range in size from 2000 sq ft to over 3500 sq ft and in price from mid $200′s to upper $300′s. Each home is this neighborhood is made by custom builders, so quality and upgrades are abundant! Hardwood floors, granite counters, and heavy moldings are typical features you will find in this upscale community. Many homes also have decks and screened porches for enjoying the great golf-course surroundings.


Residents of Greenside attend award-winning Lexington 1 Schools including Pleasant Hill Elementary, Pleasant Hill Middle, and Lexington High School.


Lexington is a growing suburb that is drawing people in from across the country. This growing area with over 250,000 thrives on a dynamic economy and its ideal location. Here you will find friendly southern charm, some of the BEST schools in the state, great golfing, and more!


Lexington is well situated for residents to easily enjoy all aspects of the midlands area. Downtown Columbia, South Carolina’s state capital is a quick 15 minute trip drive where you will find SEC Sports with the University of South Carolina, unique boutiques, fine dining restaurants, creative art galleries, and themed bars. In the other direction lay Lake Murray, a 50,000 acre lake with 649 miles of shoreline. People travel from all over the state to take in the amazing scenery of Lake Murray. Whether you’re fishing, boating, swimming or hiking, you are sure to enjoy your surroundings!


Exit Real Estate Solutions is at the forefront of Real Estate in the Greenside Neighborhood and in helping you find your next home.


Currently:

  • Active listings: 3 homes
  • Average listing price: $336,267
  • Average days on the market: 194 days
  • Average square feet: 2969
  • Average $/sq ft.: $113


If you are interested in a purchasing a home in Greenside, please feel free to contact us and visit our website.



Search Greenside Homes for Sale in Lexington, SC


 

Blog signature: Lexington, SC Real Estate, Lexington SC Homes for Sale, Greenside Neighborhood, Greenside Subdivision Homes for Sale, Greenside Subdivision Real Estate for Sale, Property Listings for Sale in Greenside


ExitRES Blog: Homes and Real Estate for Sale in Greenside of Lexington SC and Neighborhood Information
Trulia Blog: Homes and Real Estate for Sale in Greenside of Lexington SC and Neighborhood Information
Activerain Blog: Homes and Real Estate for Sale in Greenside of Lexington SC and Neighborhood Information
Realtown Blog: Homes and Real Estate for Sale in Greenside of Lexington SC and Neighborhood Information
WordPress Blog: Homes and Real Estate for Sale in Greenside of Lexington SC and Neighborhood Information
Exitmidsouth Blog: Homes and Real Estate for Sale in Greenside of Lexington SC and Neighborhood Information
ExitCarolinas Blog: Homes and Real Estate for Sale in Greenside of Lexington SC and Neighborhood Information
Homegain Blog: Homes and Real Estate for Sale in Greenside of Lexington SC and Neighborhood Information
Jaekimhomes Blog: Homes and Real Estate for Sale in Greenside of Lexington SC and Neighborhood Information
Exitmidatlantic Blog: Homes and Real Estate for Sale in Greenside of Lexington SC and Neighborhood Information



Columbia,SC EXIT Real Estate Solutions – Jae Kim, Broker

Buying or selling a home or property should be one of the most enjoyable experiences of your life.  Most of the time, it’s the largest investment you will make.  Jae Kim of EXIT Real Estate Solutions in Columbia, SC is your Award Winning Real Estate expert in BlythewoodColumbiaLugoffElginLexingtonIrmo,ChapinCamden,
CayceWest Columbia, and the rest of Greater Columbia.  This is what we do every day. We can simplify the process for you so that you can enjoy the the experience and avoid the pitfalls that often result in stressful transactions.  Call 803-348-3052 today for World-Class, Award- Winning representation.

Short Sale Experts in Germantown Maryland - 12826 Rexmore Drive

Posted by Steve Queen on April 23, 2012 at 10:20 PM Comments comments (0)

Below Is the newest Germantown, Maryland home listed by Steve Queen. This property was accepted into the Homes Affordable Foreclosure Alternative Program (HAFA) by the bank. This incredible program allows the seller $3000 in relocation funds and releases the seller from any delinquency that occur from the transaction. If you are interested in information about the Short Sale Process, The Homes Affordable Foreclosure Alternative Program (HAFA) or The Home Buying Process of any property in Maryland or the District of Columbia, please Call Steve Queen for your personal consultation at (202) 367-4348.

12826 Rexmore Dr Germantown, MD
Click to View Tour
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Click For Listing WebsiteClick For Interactive e-Tour
This stately two bedroom 2 bath condo is located in the highly sort after Village At Town Center Community. After entering to gleaming hardwood floors you will be immediately impressed with the beauty of this condo. This spacious condo is the former model home for the development. All fixtures are newly updated. The large master suite includes a full bath with a walk in closet. A balcony sits off the eat in kitchen. The condo includes a one car garage and much much more. Steps away from the county library, Safeway, shopping, metro, over 20 restaurants and coffee shops, jogging trails, tot lots and more. This incredible condo won't last long so call Steve Queen at (202) 367-4348 for your personal tour. View this property and more at www.stevequeen.com
MLS# MC7730427
$210,000
2 Bed, 2 Bath
12826 Rexmore Dr
Germantown MD, 20874

EXIT BENNETT REALTY

Steve Queen
Steve Queen
EXIT BENNETT REALTY
202-367-4348
 

s the Home Affordable Foreclosure Alternatives program right for me?

Program goal

The Home Affordable Foreclosure Alternatives (HAFA) program was developed to give homeowners a way to settle their mortgage debt without going through a foreclosure.

The goal of this program is to help you sell your home in a short sale and settle your mortgage debt if you owe more on your mortgage than your house is worth and are unable to qualify for a home loan assistance program.

This federal government program streamlines the short sale approval process and offers financial assistance to help you with relocation.

Eligibility

You may be eligible for the Home Affordable Foreclosure Alternatives program if:

the property is your current principal residence, OR the property has been vacant or rented out for less than 12 months, and you have not bought another principal residence during that time.

the amount you owe on your first mortgage for your property is equal to or less than:

  • $729,750 for 1 unit
  • $934,200 for 2 units
  • $1,129,250 for 3 units
  • $1,403,400 for 4 units

you owe more on your home than it’s worth

your current mortgage was taken out on or before January 1, 2009

you are experiencing a hardship (such as a job loss, divorce or medical emergency) and are unable to afford your current home loan

Program at a glance

  1. Call icon

    Step 1: Call us to request a HAFA short sale and update us on your current financial situation. We’ll review your information and check your eligibility for a Home Affordable Modification or any other home retention program that would enable you to stay in your home.

  2. Approval icon

    Step 2: If you don’t qualify for a modification and want to sell your home, we’ll work to gain approval of your first mortgage HAFA short sale request. If you have a second mortgage with another lender, you will have to ask them for approval.

  3. Market icon

    Step 3: You will be given time to market and sell your home — typically 120 calendar days. You are required to work with a licensed real estate professional.

  4. Offer icon

    Step 4: Once you receive an offer, you have 3 calendar days to submit a Request for Approval of a Short Sale document as well as the offer letter. We’ll get back to you with a decision on the offer within 10 business days.

  5. Closing icon

    Step 5: If the offer is accepted, your house is sold and your mortgage and any other loans against the home are settled from the proceeds of the sale.

Get more details on the steps of a HAFA short sale.

How do I get started with a Home Affordable Foreclosure Alternatives program?

Before we begin

To start the Home Affordable Foreclosure Alternatives (HAFA) program you need to call us to request to sell your home in a short sale.

If you haven’t applied for a Home Affordable Modification prior to requesting a short sale, we’ll check to see if you meet that program’s eligibility requirements first. To do this you’ll need to update us on your financial information.

Let us help you

Call us today at:
1.866.880.1232

8am-10pm EST Mon-Fri
9am-5:30pm EST Sat

To help you keep track of important deadlines and take notes during the call, please print out this form prior to calling.

Now that I’m in the process, what’s next?

If you’re in the process of selling your home in the Home Affordable Foreclosure Alternatives (HAFA) program, we can help you understand what you need to do next.

I have requested a HAFA short sale.

Once you’ve requested a short sale, you’ll have to update us on your current financial situation. As part of the Home Affordable Foreclosure Alternatives program, we’ll review your information and check your eligibility for a Home Affordable Modification or other home retention programs that would reduce your monthly payments to enable you to stay in your home.

If you do not qualify for a modification or no longer wish to stay in your home, then we’ll begin to work with you on a short sale.

I’m preparing to put my home on the market.

We’ll need to determine an acceptable price for you to market your home. You may have heard this referred to as a fair market value. To determine the fair market value, we’ll order a valuation of your home.

We’ll also work with all parties necessary to approve your first mortgage HAFA short sale request. Even if you are pursuing a short sale with us, in most cases, there is a third party that has ownership of the loan. We will need their approval in order to finalize the short sale.

If the sale is approved, you’ll receive a Short Sale Agreement with the acceptable offer price for your home. You’ll need to sign and return this agreement to us within 14 calendar days.

If you have a Bank of America home equity loan or line of credit (also referred to as a second lien), we’ll take care of getting approvals for your HAFA short sale request. But, if your home equity loan or line of credit is with another lender, you will have to contact that lender and have them sign a Second Lien Release form before any offer can be considered. To avoid any delays, it’s in your best interest to contact them right away.

I am trying to find a buyer.

Under a HAFA short sale, you are required to work with a licensed real estate professional. We strongly recommend working with an agent who has experience with short sales. They can help guide you through the process, and you won't have to pay the cost of the agent since they’ll be paid from the sale of the house.

Typically, you’ll be given 120 calendar days to market and sell your home.

I have received an offer on my home.

Once you receive an offer, you will have 3 calendar days to submit the offer letter (signed by the buyer) as well as a Request for Approval of a Short Sale. If you have a home equity loan or line of credit (also referred to as a second lien) on your home with another lender, we cannot consider any offer without a signed Second Lien Release form. We’ll get back to you with a decision within 10 business days.

The offer on my home was accepted.

Once we accept the offer, we will provide you with an approval letter releasing the home for purchase. With everything in order, final documents will be prepared for closing. You will receive a letter outlining the details of the sale of your home and a set of the documents that must be signed, notarized and returned to us before your HAFA short sale can be completed.

As with any home sale, unless otherwise negotiated, you will need to move out of your house by the closing date. At the closing, you will receive $3,000 to help you with your relocation expenses. The sale of your house is now finalized and your mortgage and any other loans against the home are settled from the proceeds of the sale. Under the Home Affordable Foreclosure Alternatives program, you are fully relieved of any obligation to repay the mortgage.

Home Loan Assistance Frequently Asked Questions

It may be possible, depending on your loan and circumstances. Please call us at 1.866.880.1232 to discuss your options.

 

3/22/2012

Bank of America Refines the Short Sale Process

Every day, Bank of America works with agents like you to help homeowners complete short sales. On April 14, we will strengthen our partnership through an improved task flow in Equator.

 

The new Bank of America short sale process will enable short sale specialists to complete tasks such as document collection, valuations and underwriting at the same time, reducing the time from initiation to closing.

 

Before April 13, you must complete the Submit Short Sale Offer, Upload Offer Documents and Upload Supporting Documents tasks in Equator for all short sales submitted with an offer. Your file may be declined if these tasks are not completed prior to April 13.

 

Starting April 14, you’ll see several changes:

 

Five documents will be required for short sales initiated with an offer:

We are requiring the new Bank of America Third-Party Authorization Form for short sales initiated beginning April 14.

 

All messaging will remain in Equator. Agents will receive a standard notice to log in and retrieve their messages.

 

New Timeframes:

  • Five (5) days to submit a backup offer when a buyer has walked


Bowie Maryland Short Sales - Bowie short sale... by squeenofexit

 

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Because buying or selling a home is a big decision, Steve Queen with Exit Bennett Realty is your Real Estate Expert in Bowie, Upper Marlboro, Greenbelt, Lanham, Laurel, Glenn Dale,Crofton, Glen Burnie, Clinton, Hyattsville and all other cities in Maryland and the District Of Columbia. You will have step by step guidance to access resources to make the transaction smooth. Call me today at (202) 367-4348. You are my #1 priority. Please give me the opportunity to prove it.

View foreclosures, homes for rent or purchase as well as obtain valuable information on the home buying and selling process at www.stevequeen.com. I specialize in Short Sales.

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