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The IndyMac Slap in our Face – TBW...

Posted by ssman in Short Sale FAQ's on February 13, 2010 | No Comments
The guys over at TBWS daily have do it again.  We have had several deals with IndyMac banks that have been squashed for no apparent reason…but now we know why.  Why can’t we get a sweetheart deal like this? The Indymac Slap in our Face. 02.08.10 Watch Video <The IndyMac Slap in our...
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Welcome, Brian Teske!...

Posted by Admin in Company News, Property Management on February 5, 2010 | No Comments
Pruven Real Estate & Investment, LLC is proud to welcome Brian Teske to our property management team.  Brian brings a wide array of property management knowledge including the Certified Property Manager Designation and candidacy for CCIM membership.  Welcome on board,...
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What is a short sale? – Wikipedia ...

Posted by ssman in Info for Buyers & Sellers, Short Sale FAQ's on February 5, 2010 | 3 Comments
Short sale (real estate) From Wikipedia, the free encyclopedia A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property’s loan.[1] It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the borrower. Both...
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REO vs. Short Sale...

Posted by reoguy in Property Management, Short Sale FAQ's on February 3, 2010 | No Comments
Things are changing and changing fast. According to the Las Vegas Association of Realtors in November of 2009 out of approximately 11,000 pending sales, short sales accounted for 8,935 pending sales or 67% – while REO pending sales were a miniscule 2,367. These percentages did a virtual flip flop from the same period in 2008 and many markets around the country are seeing the same...
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