Advice

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Has anyone dealt with Ocwen

Response

I know this is an older post - but I would like to offer some experience with OCWEN.  I have had clients with OCWEN and I owned a second home with OCWEN so I am very familiar with how they work.  One of the challenges you will face is being able to keep on track when they try to derail you....they are great at that.  BUT if you can keep focused and ask for a supervisor, someone from America, you will have good results.  My client received an incredible modification - A reduction in Principal for 3 years - every year, $75,000 (yes, $75,000) if they paid their mortgage on time.  So a total of $225,000 over 3 years - Incredible.  Since then I have sold their Mother's house and they have enough money to pay off the loan, but they have to wait until the third year to get the full benefit of the principal reduction.  Still, who wouldn't take that deal?Keep after them, someone will help you!  And may the Force be With You!

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why can not I find my home?

Answer

Sometimes it is difficult to find a home, regardless of how hard you try!  The right house is out there for you, you just have to have a great agent (like me) and patience.  We also work with incredible lenders that can amake the purchase process much less stressful and put your best foot forward when your offer is submitted.  Keep up the hard work and it will pay off.  Pricing in the Burbank/Glendale area is still affordable and rates are settling down a bit.  Don't postpone your purchase - it isn't going to be much better than it is right now!  My best to you and wish you a speedy close of escrow!

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why does the public information on my house (2 bed/2bath) not match the public information displayed

Answer

Eric,  In order to answer your question completely I need to know what you mean by 'public information.  If you are talking about the Tax Assessors records, then it could be that an addition was done to the property without a permit, or the permit information was not applied correctly to your property.  Let me know what resource you have been looking at and I will give you more information!  Thanks!

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Ask our community...

How has the year started for my other Zillow contemporaries?  Have you seen a spike in business or are things flat?  We are getting alot of inquiries, a lot of looking, not that many conversions.Please share your experience -

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What is the best Advice to SELL in this Market TODAY?

Response

Hi,I actually think your agent needs to create value.  Agents and clients who uunderstand the difference can always sell a property for top dollar.  Just reducing the price doesn't help create the best sale price for the property.  Remember the seller wants to get the most money for their house and the buyer wants to pay the least amount of money possible for their house.  If the buyers see value in the property aside from the run-of-the-mill stuff like 3 bedrooms 2 bathrooms, buyers will pay a little more for the property.  I recently sold a cute California Spanish bungalow that didn't have a kitchen for more than asking and multiple offers.  Highlighting the Spanish character of the house was a big part of getting the value message across.

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Can you provide a list of what a particular realtor sold in the last year?

Response

I think the best test, besides the face to face meeting, is to get references from past clients.  If you take the time to speak to a few of them you will see what type of agent you are dealing with.  Bad agents that think they can scam prospective clients don't have the best references even if they make them up.  Testimonials are some of the best and most effective ways to really see what the other persons experience was like.  Many agents make a good first impression, but it is when the rubber meets the road that counts.  Get 5 references and call them all!  You will be glad you did!

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I have an offer to buy my property at market value What are my options?

Answer

Hi,You, like so many other home owners, have to evaluate which direction to go.  I wish there was an easier way, but here are some options:1.  Pay the difference:  Paying the bank the difference between what you sold your house for and what the note is.  I have had clients do this, for various reasons, and it is painful - but it can make sense for people who do not want to damage their credit or owe money to the bank they actually work for.  2.  Short Sale:  Selling the property for less than what you owe with the banks blessing.  You will take a hit on your FICO score.3.  Foreclosure:  The option of not paying your loan and letting the bank take the house back.  You will take a big hit on your FICO score and may have to disclose that when buying anything like car or a tv.Check with your Realtor - he/she should have some better ideas since they know your area and your financial situation.Good Luck!

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