Take A Break And Enjoy Labor Day Weekend

Tough economic times won’t stop Americans from going all-out with their Labor Day celebrations.

The American Automobile Association predicts that 34.4 million people will be traveling at least 50 miles away from home this year over the Labor Day weekend. That’s nearly a 10% increase from last year.

Ninety one percent of those travelers will be driving to their destination, according to a AAA report, which was conducted by IHS Global Insight. Five percent of the weekend’s travelers, or 1.62 million people, will be flying. That’s up from 1.54 million last year.

Labor Day is the third most popular occasion to barbecue, with 55% of Americans expecting to do some grilling this weekend, according to HPBA’s State of the Barbecue Industry report. Need ideas for a fabulous Labor Day BBQ Menu?

Summer doesn’t officially end until Sept. 22, but many families consider Labor Day the end of the summer season, as the kids go back to school and the weather begins to cool down.

How will you be celebrating Labor Day? Please take a moment and post what you are going to do

www.homeswithjosh.com or josh@homeswithjosh.com or 208-353-7131

source: modern mother

Idaho Short Sale Process

Goal:  Avoiding Foreclosure

The following are the steps that you as a homeowner can anticipate in the short sale process.  This is a general outline of how the process occurs, however please note that lien holders can change the order of some of the steps.  Detailed below is the process our team uses to process a short sale.  For a brief overview please see. www.homeswithjosh.com and look under Short Sales

Pre-Listing

1.
Please contact Josh’s office for a brief consultation about short sales.  Josh or one of his team members will collect some basic information about your situation.
2.
A tentative appointment will be scheduled to answer questions and/or list the home for sale in the short sale process.
3.
Josh and his team will prepare a short sale packet which will be sent to you either via FEDEX, regular mail or email.  We provide a thorough packet of information in advance of the appointment so you have the opportunity to evaluate our process and have your questions answered in advance.  If what we send you and what we discuss prior to the appointment makes sense and you feel comfortable and confident to go forward with the short sale process, our appointment will be confirmed. The packet will include:
*
Information about the short sale process.
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Market data on the value of your home in today’s market.
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Recommended short sale pricing.
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Listing contract and related forms.
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Property detail report from the county assessor’s office.
4.
The appointment.  Josh will either come to your house to receive the documents or they can be returned via fax or email. We can do listing appointments via telephone or email if necessary.
5.
Once we receive a signed listing agreement we will begin the short sale process.
6.
An authorization form will be submitted to your lien holder(s) enabling us to speak to them on your behalf.  Unless previously provided, the lien holder(s) will provide their short sale requirements when the authorization is received.

Marketing

1.
Your home will be listed immediately on the Multiple Listing Service.
2.
We will market your home through various affiliated web sites and all other applicable marketing strategies.
3.
During the marketing period we will receive offers and present them to you as they are received.
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Offers will be presented to you on an offers spread sheet.
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You will be able to see the net offers as they come in.  We highlight, in yellow, the current highest net offer.
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You will sign the purchase offer of your choosing.  We will advise you as to what appears to be the strongest offer.  We will encourage you to consider two important factors; price and the willingness of the buyer to wait for the short sale process to complete rather than back out in the middle of the process.
4.
You will select and sign the offer that is most likely to meet the lien holder(s) criteria for a short pay off of your loan.

Short Sale Processing

1.
After you select an offer it will be signed by you and presented to your lien holder(s).  This is the official beginning of the short sale processing phase.
2.
You can track your short sale offer, as it is processed, online at Short Sale Status.
3.
The offer and all documentation required by the lien holder(s) is submitted by our office to the lien holder(s).
4.
Documents go through a processing period and are assigned to a negotiator.  The lien holder(s) assign a negotiator to your file.  The negotiator will ultimately make the final decision about your case.  The negotiator will review your offer and present the offer to any investors into your loan.
5.
A BPO (Broker’s Price Opinion) or appraisal will be ordered by the negotiator.  This BPO is used to determine the value of your home and whether or not the net proceeds of the offer are sufficient to satisfy the investors and thus provide a short pay off of the loan(s).
6.
The negotiator will evaluate your financial situation to determine whether or not you qualify for a short sale.  The offer will be presented to the investors who are invested into your loan.  They will decide if your short sale is approved or not.
7.
The negotiator will report the response of the investors.  There will be one of three options:  Short Sale Approval, Short Sale Approval with Conditions or Denial.  If any other answer then Short Sale Approval is provided we will negotiate further on your behalf.
8.
After all negotiations are complete you will either accept or reject the terms of the short sale.
9.
Written short sale notification is delivered to the buyer’s agent and Escrow begins.

Escrow

1.
Escrows in short sales generally follow the same process as a regular escrow.  One difference is that the short sale approval has a “good through” date by which time the short sale must be finalized and escrow must be closed.
2. When escrow begins you will need to make plans to be moved out of the house by the close of escrow.

Josh Groesbeck

208-353-7131 or josh@homeswithjosh.com

Home Owners Leaving Government Hamp Program

Facts for the Idaho homeowners who are working towards a loan modification. Best case scenario is getting your payment lowered to no more than 31% of your gross income. IF your loan modification is not getting worked out do the next best thing and call Josh Groesbeck and you can stay in your home until it is sold while charging you nothing. Specially trained in the art of a Short Sale I can help you qualify for money back from the bank to you for your relocation. With the economic hardships and homes that are entirely upside down (worth less than is owed) it’s no surprise that well over 50% of american homeowners are choosing to Short Sale their homes and start fresh. More great information at WWW.HOMESWITHJOSH.COM or WWW.IDSHORTSALE.COM

Joshua Groesbeck      208-353-7131  or josh@homeswithjosh.com

About 91,000 borrowers dropped out of the program in June, putting the total number of dropouts at 530,000.

At the same time, about 49,000 borrowers received a permanent modification in June, bringing the number of total active permanent modifications to 389,000.

That means more than 40 percent of the roughly 1.3 million borrowers who have started in the program since its March 2009 inception have since dropped out, while just over 30 percent have received permanent new terms for their loan.

Idaho Living

A statewide magazine of the highest quality, Explore Idaho encompasses everything exceptional about the state of Idaho: history and legend, hardworking people, dramatic vistas, recreational opportunities and enduring values.

The magazine is designed to appeal to a broad audience of outdoor, recreation and lifestyle enthusiasts. It speaks to everyone – from those who reside and work here to those who simply come for a visit.

Explore Idaho is more than just a list of outdoor activities, it’s about the people themselves who live here, many being descendents of those who settled here over the years in search of a better life – and found it.

The magazine reflects all the values that have long put the Gem State on a path of enduring grace and beauty. The pages personify an ever-growing number of people who regard Idaho as not merely a geographic locale, but also a state of mind and a way of life.

Explore Idaho is a hike in the Sawtooths, a wine tasting in Sunnyslope, a skiing or snowmobiling excursion to resort areas such as Sun Valley, Bogus or Brundage Mountain, or a rafting trip down the breathtaking Payette or Snake rivers.

Along the way, you’ll find out where to dine and where to stay, discover the state’s diverse arts, dining and culture scenes, and – most importantly – meet the people who shape Idaho’s identity.

source:IBR — Explore Idaho