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    Countrywide – How are they impacting this Foreclosure and Short Pay market?

    Did you know that Counrtywide Bank was acquired by Bank of America?  This happened some time ago, back in 2008 – I have posted one of the articles about the buyout by Bank Of America of Countrywide.

    A picture of a foreclosure sign with a home behind it.

    When Bank of America bought Countrywide I am sure they knew what they were doing.  They happened to have purchased a lot of homes that wereheaded for Short Sales, Short Pays and Foreclosures.

    Bank of America has a Short Sale Department that we have connections with via one of our Vendors.  It helps, but does not make any of the Short Sales much easier.

    I would be curious to know how many loans have been defaulted on that were Countrywide Originated.  I would also love to know the numbers as they relate to which types of loans were the most prevalent sold by Countrywide to the home buying public.

    If you have those numbers feel free to comment below so we can all have a look.  We can compare they with the other Major 4 Banks and if the “loan” was to blame or something different.

    If you have an agent, stay loyal.  If you are considering a short sale make sure you know whom you are hiring.  Remember, there is nothing wrong with working out of your garage or home office.  The “metal” of the agent you hire is within themselves – Second within their Company affiliation.

    Our offices are suites 201, 203 and 205 at 25101 The Old Road, Santa Clarita CA, 91381.  Call for an appointment so we can go over your financials and help you get your paperwork in order.  As always, Be SAFE!!!

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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