Connie Gohata DRE #01822665

Showing Tag: "short" (Show all posts)

Short Sales continue

Posted by Connie Gohata on Wednesday, March 30, 2011, In : Short Sales 
Banks, you would think, have had enough time to figure out how to staff up their short sales divisions to make a transaction go through faster and smoother.  This is not the case.

Buyers and Sellers are still waiting an inordinate amount of time to get the OK to even start their transaction.  The banks still have to find the file underneath the other files when you call.  They are still losing paperwork and you have to send the 50-75 pages via fax again and again. 

You call and speak to someon...
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Here is the latest on Short Sales - They are here for a while!

Posted by Connie Gohata on Friday, July 23, 2010, In : Upside Down 
No, they are are not going away - short sales, that is.  I can remember when the term short sale was not generally known to the public.  It was misunderstood.  Some thought that it meant that the sale would be quick.  They were sadly mistaken.

Short sales, although lenders, banks, and asset management companies have boosted their staffs, are still taking a long time.  The first one that I was involved with took 9 months and more, and then the transaction didn't go through.  Why?  We had a buye...
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Short Sales are not going away

Posted by Connie Gohata on Tuesday, April 20, 2010,
Now, in the MLS, you will find Realtors who are listing their homes for sale as "Standard Sale.":  This is different than before as now a regular sale is not as common as a Short Sale.

What is a Short Sale?  That is a term almost like selling short in the stock market.  Except you aren't betting on the market.  You are selling your home for less than you owe, and the bank is allowing this to happen.  There may be tax consequences, because that means that the bank "gave" you money, which you wi...
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Upside Down? You're not alone!

Posted by Connie Gohata on Sunday, February 7, 2010, In : Upside Down 

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About Me


Connie Gohata I am a Realtor and Broker in OC, expanding into Buena Park, Cerritos, Cypress, Garden Grove, Anaheim, Long Beach, and Los Alamitos/Rossmoor. My office is now in Santa Ana: 1600 Broadway, Suite 100!! Come to Citivest! connie@conniegohata.com

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