by Phil Hoover, Real Estate Broker

Archive for the ‘Short Sales’ Category

Boise Short Sale Inventory Breakdown

Wednesday, June 26th, 2013 Posted in Short Sales | No Comments »

Two or three years ago, nearly two-thirds of our sales were short sale transactions. With our improving Boise real estate market, things have changed. Here’s a breakdown of our current short sale listing inventory. Total Available Listings: 2,013 Total Short Sale Listings: 227 Short Sale ...

Are We Done With Short Sales Yet?

Friday, May 17th, 2013 Posted in Short Sales | No Comments »

Back in 2009-2011, more than 60% of our listings/sales were short sales. It’s interesting to see how things have changed. Here’s a breakdown of current short sale activity. Total Available Listings: 1,857 Short Sale Listings: 257 (13.8% of all available listings) Short Sale Listings With ...

Why Boise Short Sale Listings Are Misleading

Monday, March 4th, 2013 Posted in Short Sales | No Comments »

I get a lot of inquiries from buyers who think they want to buy a short sale listing. Most of those inquiries occur when a buyer sees short sale listings on various real estate websites that are displayed as “active” listings. Due ...

Loan Servicers Implement New Standards

Monday, October 15th, 2012 Posted in Short Sales | No Comments »

Last April’s mortgage servicing settlement with the U.S. Department of Justice and 49 state attorneys general required five major mortgage lenders to implement 320 new mortgage servicing standards by October 2, 2012. The lenders were Ally, B of A, CitiBank, JPMorgan ...

New Guidelines To Ease Short Sale Headaches

Wednesday, August 22nd, 2012 Posted in Short Sales | 1 Comment »

Fannie Mae and Freddie Mac will implement new short sale guidelines effective November 1st in an attempt to make short sales easier for qualified borrowers. Changes in the new guidelines include standardization of processing and relief for borrowers who experience relocating ...
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