Kia Kapci Sundberg's Blog

B of A changed Short Sale Rule Jan 11, 2012

Kia Sundberg — Thu, 12 Jan 2012 04:26:33 +0000

B of A just shortened the time frame of how long a seller has to submit a backup offer if the first buyer backs out. As of last fall B of A created a 14 day window to swap out buyers without starting the short sale process over. The 14 day window has been reduced to 8 days [...]

6 Ways to Save Your Underwater Home

Kia Sundberg — Sat, 07 Jan 2012 17:09:07 +0000

Link to full article on saving your underwater home – GREAT IDEAS!

Finding a New Normal for Real Estate in 2012

Kia Sundberg — Thu, 05 Jan 2012 20:42:07 +0000

Finding a New Normal for Real Estate in 2012

Interesting article from Inman News about what to expect in real estate in 2012

Foreclosure Reports Driven Higher by Bank of America

Kia Sundberg — Tue, 13 Sep 2011 23:40:10 +0000

Foreclosure Report From www.ForeclosureRadar.com Foreclosure filings and sales increase throughout most of our coverage are in August. Foreclosure starts jumped significantly, reversing what had been a declining trend over the past several months. Investors bought more properties on the courthouse steps in August than in July everywhere except in Washington. The number of properties Sold [...]

Should the Mello Roos in Lincoln Crossing Deter Buyers?

Kia Sundberg — Fri, 26 Aug 2011 18:01:43 +0000

After a ton of research I can officially say it should not be a deterent. I will be the first to admit I have avoided taking clients to Lincoln Crossing because of the high mello roos tax. Now that inventory is so low I conducted research into Lincoln to see if it’s in my client’s [...]

URGENT – SB 458 PASSED – California short sales will no longer have any deficiency judgments!

Kia Sundberg — Tue, 19 Jul 2011 21:12:19 +0000

LAW AGAINST SHORT SALE DEFICIENCIES EXPANDED In a major victory for REALTORS®, Governor Brown signed into law July 15, 2011, a C.A.R.-sponsored bill, Senate Bill 458, prohibiting a deficiency after a short sale for one-to-four residential units, regardless of whether the lender is a senior or junior lienholder. Effective immediately for transactions closing escrow from this day [...]

B of A Short Sales Important Change – Substitute Buyers Without Starting Over!

Kia Sundberg — Wed, 13 Jul 2011 17:17:15 +0000

Now You Can Substitute a New Buyer for One Who Walked Without Restart As an example of our commitment to improving the short sale process, Bank of America now allows real estate agents to submit a backup offer on a transaction if the original buyer has walked away from the [...]

Unemployed FHA borrowers to get year of forbearance | Inman News

Kia Sundberg — Thu, 07 Jul 2011 22:17:21 +0000

Unemployed FHA borrowers to get year of forbearance | Inman News.

The Latest Information from B of A and Wells Fargo Regarding Short Sales

Kia Sundberg — Sat, 02 Jul 2011 21:29:11 +0000

In June, David Sunlin, Sr Vice President for Short Sales at Bank of America and Abel Fregoso, National Field Short Sale Manager for Wells Fargo were on a panel at the CDPE (Certified Distressed Property Expert) Conference in Florida. I sat in on a conference call that highlighted some of the important information shared in Florida. Highlights [...]

Redesigned website, new Facebook and an updated blog!

Kia Sundberg — Sat, 02 Jul 2011 20:12:25 +0000

Hello again! The great news is I was so busy the last 3 years I didn’t have time for all my marketing endeavors and blogging seemed to get lost in the shuffle. My husband and I spent the spring in Europe for his job which allowed me to dedicate time to revamping my website, creating [...]