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Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
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With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
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CAR Survey Finds Short-Sales to be a Difficult Process
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
CAR Survey Finds Short-Sales to be a Difficult Process
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
CAR Survey Finds Short-Sales to be a Difficult Process

August 3, 2011 (Jeff Alan)

A recent survey conducted by the California Association of Realtors® (CAR) found that more than half of Central Valley Realtors characterized closing short-sale transactions as “difficult” to “extremely difficult.”

The three most frequently cited obstacles Realtors® had to contend with during the short sale process were slow response times to a short-sale package, repeated requests for documentation, and poor communication with lender representatives.

Seventy-four percent of the respondents said it took lenders and servicers more than 60 days to return a written response on the approval or disapproval on submitted short-sale agreements.

Half of the respondents noted that lenders took more than five days to return any form of communication.

The survey gauged the Realtors® experience working with lenders in their most recent transaction. Most of the Realtors® surveyed dealt with Bank of America, Wells Fargo, and JP Morgan Chase in their most recent transaction.

“The survey results demonstrate the ongoing problems homeowners are experiencing with onerous short-sale procedures on the part of lenders and servicers,” said C.A.R. Treasurer Don Faught, who presented the findings today at a news conference in Fresno, Calif. “Despite assurances by lenders in recent months that they would improve their short-sale processes, clearly, not enough is being done. Lenders are out of touch with the realities of the market and the consequences to struggling homeowners, and the result is unnecessary foreclosures that only make California’s economic problems worse, hindering a desperately needed recovery.”

Poor lender performance could also lead to a loss of future lending transactions as 88 percent of the Realtors® said they were “not likely” to “not at all likely” to refer buyers to lenders they had problems with to finance future home purchases.

In addition, 77 percent said they were “not satisfied” or “not at all satisfied” with their lenders in their most recent short-sale transaction.

Tags: CAR®, Realtors®, short-sales, documentation, poor communication, lenders, mortgage servicers, out of touch

Source:
CAR

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 3, 2011 (Jeff Alan)

A recent survey conducted by the California Association of Realtors® (CAR) found that more than half of Central Valley Realtors characterized closing short-sale transactions as “difficult” to “extremely difficult.”

The three most frequently cited obstacles Realtors® had to contend with during the short sale process were slow response times to a short-sale package, repeated requests for documentation, and poor communication with lender representatives.

Seventy-four percent of the respondents said it took lenders and servicers more than 60 days to return a written response on the approval or disapproval on submitted short-sale agreements.

Half of the respondents noted that lenders took more than five days to return any form of communication.

The survey gauged the Realtors® experience working with lenders in their most recent transaction. Most of the Realtors® surveyed dealt with Bank of America, Wells Fargo, and JP Morgan Chase in their most recent transaction.

“The survey results demonstrate the ongoing problems homeowners are experiencing with onerous short-sale procedures on the part of lenders and servicers,” said C.A.R. Treasurer Don Faught, who presented the findings today at a news conference in Fresno, Calif. “Despite assurances by lenders in recent months that they would improve their short-sale processes, clearly, not enough is being done. Lenders are out of touch with the realities of the market and the consequences to struggling homeowners, and the result is unnecessary foreclosures that only make California’s economic problems worse, hindering a desperately needed recovery.”

Poor lender performance could also lead to a loss of future lending transactions as 88 percent of the Realtors® said they were “not likely” to “not at all likely” to refer buyers to lenders they had problems with to finance future home purchases.

In addition, 77 percent said they were “not satisfied” or “not at all satisfied” with their lenders in their most recent short-sale transaction.

Tags: CAR®, Realtors®, short-sales, documentation, poor communication, lenders, mortgage servicers, out of touch

Source:
CAR

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 3, 2011 (Jeff Alan)

A recent survey conducted by the California Association of Realtors® (CAR) found that more than half of Central Valley Realtors characterized closing short-sale transactions as “difficult” to “extremely difficult.”

The three most frequently cited obstacles Realtors® had to contend with during the short sale process were slow response times to a short-sale package, repeated requests for documentation, and poor communication with lender representatives.

Seventy-four percent of the respondents said it took lenders and servicers more than 60 days to return a written response on the approval or disapproval on submitted short-sale agreements.

Half of the respondents noted that lenders took more than five days to return any form of communication.

The survey gauged the Realtors® experience working with lenders in their most recent transaction. Most of the Realtors® surveyed dealt with Bank of America, Wells Fargo, and JP Morgan Chase in their most recent transaction.

“The survey results demonstrate the ongoing problems homeowners are experiencing with onerous short-sale procedures on the part of lenders and servicers,” said C.A.R. Treasurer Don Faught, who presented the findings today at a news conference in Fresno, Calif. “Despite assurances by lenders in recent months that they would improve their short-sale processes, clearly, not enough is being done. Lenders are out of touch with the realities of the market and the consequences to struggling homeowners, and the result is unnecessary foreclosures that only make California’s economic problems worse, hindering a desperately needed recovery.”

Poor lender performance could also lead to a loss of future lending transactions as 88 percent of the Realtors® said they were “not likely” to “not at all likely” to refer buyers to lenders they had problems with to finance future home purchases.

In addition, 77 percent said they were “not satisfied” or “not at all satisfied” with their lenders in their most recent short-sale transaction.

Tags: CAR®, Realtors®, short-sales, documentation, poor communication, lenders, mortgage servicers, out of touch

Source:
CAR

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS