Tag Archives: Quick

Improve in Las Vegas Quick Sales & Distressed Properties Seen in 2010

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Las Vegas, NV (PRWEB) May 26, 2010

With the financial downturn severely hitting Las Vegas and surrounding areas like Henderson and North Las Vegas in the final handful of years, the quantity of distressed properties in the region has never been greater. New York-primarily based Genuine Capital Analytics reported that the total quantity of distressed properties in Las Vegas is valued at about $ 15.6 billion, making it the biggest in the nation.

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Even though Las Vegas foreclosures dominated the market in 2009, the initial quarter of 2010 showed a steady decline due to a decreasing inventory of foreclosed properties, prompting homebuyers like initial-time buyers and investors to turn to Las Vegas, Nevada short sales. In fact, 27% of April sales had been brief sales, according to the Greater Las Vegas Association of Realtors, and was really up from 22% in February.

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With brief sales poised to become the leading trend in Las Vegas, the Craig Tann Group has launched ShortSaleStreamline.com, an on the web resource especially created for Clark County homeowners who can personally relate to the following concerns:&#13

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Neighborhood Foreclosure Prevention Pro and Short Sale Specialist Dennis Rath Closes Another Mortgage Quick Sale

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Rocky River, Ohio (PRWEB) June 9, 2010

Nearby Foreclosure Prevention (FP) Pro Dennis J. Rath closed but another short sale this week, saving one much more worried homeowner from a credit-crippling foreclosure and providing him the opportunity to personal an additional residence up to seven years sooner than if hed lost his home to foreclosure like millions of other Americans.

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A record 2.8 million properties in the U.S. received foreclosure notices final year marking a 21% jump from 2008 and 120% jump over 2007 foreclosures, according to RealtyTrac, an Irvine, Calif.-based real-estate data organization. And 2010 is shaping up to be A lot much more of the identical: RealtyTrac predicts 4 million much more foreclosures is a real possibility this year with correct recovery three years away.

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Appropriate now, there are so numerous borrowers 90 days or a lot more past due on their mortgages that the banks have Another Cleveland-area homeowner avoids foreclosure and saves significant money et to commence the foreclosure method on 1.2 million properties, notes Dennis J. Rath, accredited by Harris University as a Short Sale Professional. Unfortunately, most of these houses soon will go the incredibly pricey foreclosure route. Dont wait one more minute to contact a Foreclosure Prevention Pro like me. For every fairy-tale/quick sale ending, there are 5 Nightmares on Elmstreet that could have been prevented with the early intervention of an FP Pro.

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Rath one of the first skilled REALTORS

Phoenix East Valley Real Estate Agent Jason Hall Offering Specialized Services for Foreclosure and Quick Sale Victims

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Chandler, AZ (Vocus) July 1, 2010

Despite the fact that the housing market has really taken its toll on so a lot of Americans, Chandler, Arizona real estate agent Jason Hall is doing his greatest to remediate the method of foreclosure and brief sale victims buying a home. As an specialist in Phoenix-East Valley genuine estate, Jason Hall is operating with foreclosure and quick sale victims by helping them utilize the positive aspects of programs such as HAMP and HAFA.

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HAFA is a portion of HAMP (Residence Inexpensive Modification Program) which was developed by the United States Treasury Department in order to help certified home owners in avoiding foreclosure by way of a brief sale or deed-in-lieu. This method is developed to get lenders to quickly and effectively support eligible home owners conduct a quick sale or deeds-in lieu by supplying financial incentives to investors, lenders and homeowners who make obtainable foreclosure options by way of the HAFA recommendations.

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Jason Hall is carrying out his ideal to support Chandler/Gilbert brief sale and foreclosure victims take benefit of these provides, but is also encouraging these with access to Hedge funds and big financial pools to support create a recovery loan. If done effectively, this can truly help these that have been victimized by brief sale and foreclosure over the previous 3 years as well as rebuild the private sector and generate large profits.

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As a local Arizonan, Jason Hall understands the optimistic effect this could have on the surrounding community. He is not only doing his greatest to aid make use of programs created by our government, but also doing his element to assist his community get back on its feet. With the focus of these efforts on helping individuals in need rather than acquiring clients, Jason Hall hopes to see wonderful success from these applications.

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About Jason Hall: Jason Hall is a multi-award winning genuine estate agent in Chandler, AZ with more than 10 years of encounter in the sector. As an expert on short sales in Arizona, Jason Hall is dedicated to finding the excellent homebuyers of all varieties. For far more info on Jason Hall, HAMP, HAFA or featured listings in Arizona contact 480-703-4117 or visit http://www.AZHomeInfoSource.com.

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National Closing Center to Provide Quick Sale/Loan Modification Processing Services Nationwide

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Willowbrook, IL (PRWEB) July 9, 2010

Due to the lengthy turnaround time, exhausting communications with overwhelmed banks and unpredictable outcome a lot of genuine estate brokers and agents have a tendency to steer clear of short sales. Even so, present industry has tiny to offer besides all kinds of distressed properties.

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True estate companies that keep away from quick sales loose a excellent supply of earnings as effectively as trust of their customers, as purchasers have a tendency to look for bargain properties and are eager to buy a quick sale far more typically than ever before.

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Upon release of a brand new site on July 1st, 2010, National Closing Center Corp. (NCC) is now supplying quick sale and loan modification processing solutions nationwide at no expense to genuine estate specialists.

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Till now the business has been active in brief sale/loan modification processing primarily in Illinois and their team of loss mitigators has earned a reputation of the toughest negotiators in Chicagoland.

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As short sale processing is usually regarded more of an art than science, expertise and encounter of negotiators was the key factor of NCCs achievement. Even so, right after successfully teaming up with RealtyProx, the creators of most advanced quick sale processing software, NCC has got the science component covered as properly. NCC now has created a full brief sale processing system that functions with laser-like precision.

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How does NCC solutions work and why the organization is different from the competitors?

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Each client who registers at http://www.processingshortsale.com automatically becomes a user of RealtyProx at no expense. There is practically nothing to download, install or update RealtyProx is one hundred% primarily based on the notion of cloud computing (i.e. fully internet-primarily based).

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Upon completion of a straightforward registration process, the user can log into the system and file the first brief sale/loan modification request. Inside 24 hours a negotiator is assigned and the agent notified about actions taken. The agent also receives direct contacts of the negotiator.

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From now on all the parties involved in the quick sale/loan modification processing communicate through RealtyProx. The program permits a number of techniques of collaboration, like access to document forms, uploading and sharing documents, emailing other parties with no the need to have to open e-mail client, time-stamped comments with distinct permission levels to help track down the path negotiations are taking, and multiple report capabilities.

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In spite of becoming precise and complex tool, RealtyProx is extremely user friendly and does not require any certain abilities apart from basic abilities to operate a personal computer. Combined with the expertise of NCC, it really is the most extensive and successful brief sale processing program available to date.

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A genuine estate agent is in full manage of the process, updated 24/7, but actual worknegotiating with lendersis performed by NCC employees. This way agents and brokers do not have to invest their productive time of the day attempting to get a hold of a bank representative or searching for a missing piece of a brief sale package.

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Possessing both knowledgeable and seasoned group and potent computer software, NCC has great benefit more than these businesses that provide only an access to some type of computer software without having truly supplying mitigation services, as effectively as these who supply negotiation solutions with no offering cutting-edge tools.

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About National Closing Center

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National Closing Center (NCC) gives short sale and loan modification processing services for genuine estate professionals nationwide at no cost to actual estate agents or sellers.

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NCC has a capacity to deal with occasional requests by a single broker as nicely as a continual function-flow from a multi-agent brokerage. Presently NCCs closing ratio is almost 98 percent. From submitting a short sale package to tracking down mitigation progress to closing the file all services of NCC are transparent, performed with laser-like precision and maximum accountability.

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Quick Sale Seminar Sept 2010 Will Give Answers For Troubled Homeowners

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San Jose, CA (PRWEB) August 18, 2010

As growing amounts of homeowners face troubles paying their month-to-month mortgages, several individuals are searching for alternate forms of financial relief, like loan modification.

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However, acquiring a home loan modification without having specialist assist is not as basic as it might seem. In fact, in numerous instances, home owners who attempt to modify the terms of their mortgage with the assist of a HUD Counselor may possibly have up to a 50% greater possibility of effectively acquiring their load modified.

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For this explanation, Aija Halliday, a Realtor who specializes in Silicon Valley properties is participating in a seminar on September 1 that is especially for homeowners who need to have answers about techniques of preventing foreclosure on their properties.

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The seminar will be attended by Aija and other HUD Counselors who function with Neighborhood Housing Solutions of Silicon Valley, a local non-profit organization.

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At this cost-free event, distressed homeowners and homeowners who are facing foreclosure can get honest answers to the confusing inquiries they are facing, as properly as particular advice about loan modification and foreclosure prevention.

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There will also be attorneys in attendance who can also assist supply legal insight into foreclosure and loan modification issues.

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As a Realtor, Aija has firsthand information of several of the troubles property owners are having with their mortgages. She gives professional suggestions about obtaining out of foreclosure, and can also provide help and useful details to homeowners in the midst of a brief sale method.

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She hopes that several home owners will attend this no-cost occasion simply because of the amazing chance to talk with real specialists who can provide real suggestions. In a day and age when property owners in distress tend to be at the mercy of faceless voices in a string of lengthy and stressful phone calls, this event could prove to be just what is necessary to get issues back in order.

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The seminar will be held on September 1 at 7PM at 1401 East Santa Clara Street, San Jose, CA 95116. For a lot more data, speak to Aija Halliday or go to http://www.MySanJoseShortSale.com

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About Aija Halliday:&#13

Aija Halliday is a Silicon Valley Realtor and Certified Distressed House Specialist who has comprehensive knowledge about foreclosures, loan modification and quick sale procedures. Aija can support supply specialist suggestions and help for property owners who are navigating these, or related conditions.

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McGeough Lamacchia Realty Requires the Quick Sale result in to Washington DC

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Waltham, MA (PRWEB) April 14, 2011

John McGeough and Anthony Lamacchia of McGeough Lamacchia Realty traveled down to Washington, DC this previous Monday and Tuesday to support educate policy makers on the positive aspects Quick Sales are possessing on the market. McGeough Lamacchia Realty Inc. is a complete service Genuine Estate firm in Waltham Massachusetts currently specializing in Short Sales. They are the quantity 1 Short Sale listing workplace in Massachusetts per MLS and are on track to complete amongst 450-500 Brief Sales in 2011 for distressed homeowners.

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John and Anthony conducted meetings at Capitol Hill, the FDIC, the US Treasury, and at the National Association of Realtors. We produced it clear to all groups that if they actually want to decrease foreclosures and stabilize this market place they want to force servicers and Government Sponsored Enterprises (GSEs) to give Brief Sales more interest, said John McGeough.

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The Property Affordable Foreclosure Alterative program was also a hot subject on the trip. The HAFA system is the best program the government has place out given that the beginning of this housing crisis, stated Anthony Lamacchia. HAFA is a system that offers distressed property owners $ 3,000 at closing in relocation help along with complete debt forgiveness.

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All parties seemed to be in agreement that loan modifications are not the answer for most distressed home owners since they only supply short-term relief or no relief at all. We have been happy to hear that most now comprehend that loan modifications are not the remedy for the majority of distressed property owners, it is just as well bad that it took two years for absolutely everyone to recognize that, mentioned Anthony Lamacchia. The bottom line is that Lenders, GSEs, Mortgage Insurance coverage businesses and the Government require to put a lot more concentrate on Quick Sales due to the fact they are in the best interest of all parties, stated Anthony Lamacchia.

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Mortgage Insurance coverage organizations have been one of the most talked about challenges facing Quick Sales. McGeough Lamacchia is deeply concerned that Mortgage Insurance businesses are not carrying out enough to perform with GSEs and Lenders on Short Sales. It appears that after Mortgage Insurance organizations exceed their claim, in many cases, they do not care if the house is sold as a Quick Sale or foreclosed on, which presents a significant problem for the foreclosure crisis, stated John McGeough.

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Statistics continue to show the overwhelming improve in sale prices that Brief Sales are having over foreclosures. McGeough Lamacchia prepared an evaluation that utilized 5 sample markets to prove that exact point. Even with the limited information, the analysis clearly drove property their point that allowing distressed home owners to opt for Brief Sales more than foreclosure would outcome in extra monies for lenders and GSEs, while enabling property owners the chance to keep their dignity at a low point in their lives.

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Based on their evaluation of the 2010 data, the average dollars lost from Lender Owned properties sold compared to Quick Sales is $ 49,655.20 per home. If as tiny as a single-third of the 94,428 Lender Owned properties, or 31,161 properties, sold as Brief Sales, based on the average promoting price per house, the Lenders could acquire an additional $ 1,547,305,687 in income. Considering all of the political consideration in our country more than the debt and the price range, advertising Brief Sales should be a higher priority for all of our lawmakers in Washington DC. Lets all don’t forget that $ 1.5 Billion, for the most component, is taxpayer dollars that the Treasury is nonetheless getting to give to Fannie and Freddie, stated Anthony Lamacchia.

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About McGeough Lamacchia&#13

McGeough Lamacchia Realty, Inc. is a complete service New England genuine estate agency, at the moment specializing in Brief Sales. McGeough Lamacchias understanding of the Short Sales approach with lenders enables home owners to find efficient and dignified solutions when selling their property. McGeough Lamacchia is primarily based in Waltham, Massachusetts. To discover far more, visit http://www.MLRealtyNE.com or http://www.ShortSaleNE.com.

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Kramer and Kaslow: Quick Sale Approach Leads to “Mental Torture” According to Home owners

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Calabasas, California (PRWEB) June 14, 2011

Philip Kramer, lead lawyer at the Law Offices of Kramer and Kaslow recently commented on new foreclosure stories reported in the New York Occasions. According to a New York Occasions report, Melanie Brown of Teaneck, New Jersey says that dealing with banks for a short-sale or loan modification is mental torture.

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In the write-up, Ms. Brown says she spent more than two and a half years at the hands of bankers and their computerized bureaucracy. They would demand details, and then delay any response, demand and delay, over and over, mentioned Ms. Brown, 42, a school administrator, about her lender, Bank of America, and its Equator software program technique. I got to feel like a mouse that a cat just kept smacking about.

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The New York Instances spoke with the president of the Mortgage Bankers Association in New Jersey, Maria Guillermina Chaux,who readily conceded. It does take place in this market place that even excellent borrowers wind up getting penalized by lenders, said Chaux.

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Philip Kramer, a senior companion at the law firm of Kramer &amp Kaslow comments, The way lenders do enterprise, they are their own worst enemies. Because the different lenders procedures are so byzantine and due to the fact there is no individual who is responsible for a particular property owners circumstance, files get passed about, information gets lost, and the incompetence ruins lives and destroys our economy.

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Far more of Philip Kramers thoughts can be located at the Kramer and Kaslow weblog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior partner of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on organization litigation, and real house matters. He has prosecuted and defended instances for more than twenty five years.

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Mr. Kramer is a licensed genuine estate broker and has spent considerable time providing legal services in connection with true estate problems relating to loan modification and loss mitigation, land use and zoning, environmental issues, easements, building and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice prior to all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 instances. He has appeared on nationally televised applications with regards to pre-trial procedure and trial method and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer often lectures on a broad spectrum of various legal and company troubles.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization devoted to bringing professionalism and civility back into the legal profession. He also serves on numerous Boards of Directors and serves as an officer in a lot of businesses. For much more details get in touch with (818) 224-3900 or visit http://kramer-kaslow.com

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Chase Puts Their Income Where Their Mouth is With Massive Quick Sale Cash Incentive

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Waltham, MA (PRWEB) November 15, 2011

Chase Bank sent a homeowner (name withheld) a solicitation letter providing up to $ 35,000 to do a quick sale. Back in August the homeowner named McGeough Lamacchia Realty right away and the residence was listed for sale inside two weeks.

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When an offer you was obtained the employees at McGeough Lamacchia Realty and Dorner Law submitted a short sale package to Chase along with their solicitation letter to remind them that this $ 35,000 was provided. After five weeks of negotiating Chase not only offered a brief sale approval and waived the entire deficiency balance but they agreed to spend this homeowner the whole $ 35,000.

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Over the past year more main banks have realized that paying distressed homeowners a substantial sum is a fantastic way to incentivize them to move out of the home they can no longer afford. Chase has been sending out these solicitation letters of up to $ 35,000 for about a year. Citi Mortgage has been paying up to $ 12,000 for about 6 months and Bank of America has most recently agreed to spend up to $ 20,000.

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McGeough Lamacchia Realty and Dorner Law have negotiated large sums for its clients before, but this $ 35,000 is a new record that they are proud of. These applications are only presented on the loans exactly where these banks in fact personal the mortgage. Most mortgages are getting serviced by the large banks on behalf of a single of the 3 GSEs: Fannie Mae, Freddie Mac, and FHA (Federal Housing Administration). FHA does offer you a $ 1,500 incentive to do a quick sale beneath their Pre-Foreclosure Sale program. Fannie Mae and Freddie Mac do not at the moment offer you any funds unless the quick sale is by means of the Treasurys HAFA system.

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Below the Treasurys HAFA (Residence Cost-effective Foreclosure Option) system which came out in April 2010, lenders are paying $ 3,000 to distressed homeowners who complete a short sale by way of the HAFA plan.

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It is clear that the major banks have woken up and realized that a brief sale is the best way to lower losses and help distressed homeowners in a graceful and dignified exit from their house. Its unfortunate that Fannie Mae and Freddie Mac still havent seen the light, says Anthony Lamacchia.

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Quick sales are escalating across the country for many causes:&#13

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Strategic Asset Solutions/Peak Asset Solutions Successfully Negotiates Industrial Quick Sale in North Hollywood, California

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Woodland Hills, California (PRWEB) November 21, 2011

Strategic Asset Options/Peak Asset Solutions (http://www.strategicworkouts.com) was recently effective in negotiating a short sale of an workplace creating in North Hollywood, California. According to Executive Vice President, Kevin Levine, “This sale highlights all the reasons why commercial actual estate lenders are prepared to make offers.” He continued, “We worked on this transaction for about eighteen months. The borrower’s business was declining and it was unable to make its loan payments and genuine estate industry situations in the location were deteriorating as properly. The lender was faced with obtaining to repossess the building and sell it at a price tag drastically less than its loan balance.”

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Strategic Asset Solutions/Peak Asset Options had 1st attempted to negotiate a loan modification, lowering the borrower’s monthly payments. But the borrower’s worsening economic predicament precluded it from performing effectively even under the modified loan terms. “If the lender does not perceive that the loan modification will allow the borrower to meet its debt service obligations,” stated Levine, “it will be much better off foreclosing and gaining control of the house. Lenders don’t enter into loan modifications out of habit or solely to accommodate borrowers in the short run. A lender must be convinced that a proposed loan modification will make an finish result at least equal to what the lender will understand upon foreclosure. This can only be completed by delivering the lender with a quantified program displaying a concrete improvement in the general status of the loan inside a reasonably short period of time.”

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“When we saw that a loan modification would not advantage either the borrower or the lender, we switched to the short sale alternative,” explained Levine. “The lender was prepared to consider a quick sale as soon as we had provided a thorough home analysis convincing them of the property’s low worth. Ultimately, the lender accepted a sale cost that realized about fifty percent of its loan balance.”

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Levine commented that if there had been a strong guarantor, the lender would have been considerably much less prepared to approve a quick sale resulting in a fify percent loss. However, the guarantor of this loan was insolvent so the lender could not appear to the guaranty as a supply of recovery, Levine added. As soon as the lender accurately perceived its true situations, it responded really rapidly to the quick sale supply and the transaction closed in just two weeks.

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Strategic Asset Solutions/Peak Asset Options delivers industrial loan modifications and quick sale solutions in California and throughout the country. The company’s personnel bring in depth industrial real estate expertise to each and every assignment, which includes industry evaluation, valuation, legal and negotiation encounter. Every single borrower’s unique lending situation is totally-analyzed, and the borrower is assisted in preparing present operating reports and projections. Strategic Asset Options/Peak Asset Solutions then drafts and submits a loan modification proposal to the lender. That proposal might incorporate a principal reduction, interest rate reduction, and waiver of penalty charges. In those situations exactly where a loan modification will not function to the mutual advantage of the borrower and lender, Strategic Asset Solutions/Peak Asset Solutions will attempt to broker a brief sale of the commercial real estate at a substantial discount from the loan balance, or will seek to negotiate a sale of the note to a third party.

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Strategic Asset Options/Peak Asset Solutions is 1 of the entities in the Peak Corporate Network headquartered in Woodland Hills, California. In addition to industrial loan modifications, the Peak Corporate Network entities offer mortgage lending, loan servicing, residential short sale services, 1031 exchange, trustee function, foreclosure solutions, genuine estate brokerage and escrow solutions. For more information, pay a visit to http://www.peakcorp.com

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The Peak Corporate Network is not a company entity the brand represents a group of related separate legal entities, each supplying its exclusive set of true estate solutions.

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Edina Realty Realtor

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Minneapolis, Minnesota (PRWEB) July 26, 2012

Edina Realty, the marketplace leader for 12 years, decided to meet that dilemma head on, and recently launched http://www.MNShortSaleCalculator.com

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This web site is the first of its kind. We created a special method to enable homeowners to verify if they are eligible for a brief sale, remarks Kris Lindahl, head of the Kris Lindahl Team at Edina Realty and the companys leading quick sale agent in 2011.

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Property owners unsure of, first, regardless of whether or not to short sale their house, and second, if they qualify for a short sale, will locate out swiftly by going to the site. Fill out the kind and, within minutes, they have access to a real-time PDF with all of the data essential to make an informed decision, says Lindahl.

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Edina Realty has been assisting Minnesota property owners for 56 years, and the Kris Lindahl Group is the companys go-to resource for clients that need quick sale help.

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Lindahl participated in the requirements to obtain the prestigious Certified Distressed Property Authorities (CDPE) and Short Sale &amp Foreclosure Resources (SFR) designations. In addition, he brings a level of technological knowledge to the table, unmatched by handful of other agents.

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The new Edina Realty brief sale calculator at MNShortSaleCalculator.com is just one particular of the numerous revolutionary tools Kris Lindahl delivers his customers.

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For far more details, check out http://www.mnshortsalecalculator.com

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