Avoiding the Dirty Dozen Barriers to Short Sale Success

Here's great blog post on KCM by BRANDON BRITTINGHAM


Short sales often take three times longer than a traditional transaction and sometimes never close at all.  By hiring an agent who knows to avoid these twelve barriers, the process can be less stressful.

1.) Poor short sale candidate

Establish objective criteria
Conduct an extensive interview with homeowner
Ascertain seller is motivated and cooperative
2.) Agent lacks familiarity with the lender’s requirements and procedures to complete the short sale

Harvest and maintain lender and investor guidelines
Secure individual forms required for each lender/servicer
3.) Title exam not obtained in the beginning

Identifies individuals on deed and mortgages
Determines all lien holders
4.) Incomplete package submitted to the lender/servicer

Focus on the quality of the package at time of submission
Detail orientation is critical
All docs completely executed
Complete package allows process to flow faster
5.) Short sale not begun prior to receiving a contract to purchase

Adds 30 to 60 additional days
Lender never looks at buyer contract until seller candidate is approved and market value has been determined
6.) Complete package not maintained throughout the short sale process

Must keep all required homeowner financial information current and forwarded to the servicer every 30 days
7.) Lack of communication with the lender

Most negotiators overwhelmed by the number of individual cases they are working on
Misunderstandings, loss of documents, and/or lack of familiarity with files are very common
Agent must continue to follow-up with the servicer twice a week to reduce unnecessary delays
8.) Poor record keeping /documentation by agent

High probability of changes in processing personnel
New person often lacks familiarity with case.
Has to rely on the quality of notes in the file
Information is often lost or missing
Agent’s role is to help fill in the gaps
9.) Professional relationship with the negotiator never established

Stressful environment
Lots of frustration
Lack of respect and trust are common
Begins with building rapport
Can be a big game changer
10.) Failure to meet BPO/Appraiser at the listing

Without a detailed inspection of the property inside and outside the value will be distorted
Meeting BPO at property provides great opportunity to share information that  might not otherwise be  discovered
11.) Fair market value dispute

Common in most markets
Negotiators lack current relevant information on most markets
Forced to make decisions based on the data provided by BPO and information in the lender package
Agent must be willing to provide additional current, detailed, relevant information (ie. local market, economy, demographics, and property condition) that can have an effect on value.

 12.) Failure to “escalate” to higher authority when communication breaks down

Escalation is part of the short sale process
Escalating to a supervisor can be the key to moving forward
Upper levels of every lender’s short sale department are working toward one goal– avoiding another foreclosure
Avoiding these dozen pitfalls will increase your odds of success while reducing everyone’s time and stress.



The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor
Click Here to Search 24/7 for The Best Real Estate Deals in Boise!Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan! Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

REO inventories drop even as banks hold on to them longer

Foreclosure starts drop in Arizona, Nevada, Oregon
BY INMAN NEWS, WEDNESDAY, AUGUST 15, 2012.
Inman News®

Inventories of bank-owned properties fell year over year across four Western states in July even as lenders took longer to get those properties off their books, according to the latest report from real estate data company ForeclosureRadar.

The report covers foreclosure trends in California, Arizona, Nevada, Washington and Oregon. Of the five states, only Oregon did not see its bank-owned inventory drop last month.

In California, the number of homes repossessed by lenders but not yet resold, known as bank-owned or real estate owned (REO) inventory, was down 36.4 percent to 66,000 properties last month. Banks sold REOs in 283 days on average, up from 232 days in July 2011. By contrast, homes bought by third parties at auction, usually investors, were resold in an average 138 days, up from 128 days a year ago.

Nonetheless, there are some signs the pipeline of foreclosures in the Golden State is speeding up a bit. Foreclosure starts rose 12.3 percent year over year in July to 21,175. The average number of days between the initial notice of default and the end of the foreclosure process (with the property either sold to a third party or repossessed by the bank) was 276 days last month (equivalent to about nine months), down from 310 days (about 10 months) a year ago.

Among the California homes in the foreclosure process whose fates were decided in July, most (10,398) experienced a cancellation of the process due to a successful loan modification or short sale, among other possible reasons. The number of properties that went back to the bank as REOs declined 54.2 percent on an annual basis to 4,512. Foreclosure sales to third parties fell 6.6 percent to 3,269.

In Arizona, foreclosure starts fell 28.2 percent year over year in July, to 4,433. Foreclosure cancellations were down 4.4 percent annually, to 3,575. The number of properties that went back to the bank as REOs decreased 33.8 percent year over year, to 2,191. Those sold to third parties rose 3 percent on an annual basis, to 1,630.

Arizona's REO inventory fell 38.1 percent last month, to 14,784. While the time to foreclose declined to an average 136 days from 175 days in July 2011, the time between when the bank took back the property and the property was resold rose a whopping 64.9 percent, to an average 244 days in July. Third parties resold properties in less than half that time, 107 days, up from 94 days a year ago.

Foreclosure activity in Nevada has slowed to a trickle, likely as a result of a Nevada state law that went into effect in October designed to crack down on documentation irregularities by foreclosing lenders.

In July, Nevada foreclosure starts were down 61.8 percent, to 1,618, compared with 4,235 a year ago. Foreclosure cancellations were down to 800, a nearly 60 percent drop from July 2011, but the number of properties becoming REOs dropped even more precipitously, 77.8 percent, to only 394 properties. The number of properties sold to third parties on the courthouse steps fell 34.4 percent, to 429.

The state's REO inventory was down 63.8 percent to 5,541 in July with the number of homes in the foreclosure pipeline dropping by more than half year over year. It took nearly 46 percent longer to foreclose on a property last month than it did in July 2011: an average of 471 days -- the equivalent of nearly 16 months. Banks also took considerably longer to sell homes once they'd repossessed them -- an average 221 days, up from 154 days a year ago. Third parties resold in an average 133 days, up from 98 days.

In Washington state, time to foreclose was virtually unchanged from a year ago in July: 102 days on average. Foreclosure starts were up 13.1 percent to 2,527. Cancellations fell 59.5 percent to 601. The number of properties that went back to the bank as REOs fell 67.1 percent to 595. Foreclosure sales to third parties fell 36 percent to 151.

As in the aforementioned states, REO inventory in Washington fell substantially last month: down 42.2 percent to 6,554. Banks took an average of 249 days to resell an REO property, up 25.9 percent. By contrast, third parties took an average 107 days to resell, down 24.1 percent.

In Oregon, foreclosure starts were down 58.6 percent year over year in July, to 426.

"This is most likely related to both the new Oregon law, SB 1552, that gives homeowners at risk of default, or in default, the right to request mediation to avoid foreclosure, as well as the Oregon Court of Appeals ruling that may force some lenders to proceed judicially with foreclosures," the report said.

"It is still not clear whether this is a temporary decline or part of a move toward judicial foreclosure in Oregon."

Nonetheless, time to foreclose fell to an average of 143 days from 162 days a year ago. Foreclosure cancellations in Oregon fell 11.9 percent on an annual basis last month, to 761 properties. At the same time, the number of properties reverting to REOs rose 93.6 percent year over year, to 395. Sales to third parties rose 73.7 percent, to 66 properties.

In contrast to the other four states in the ForeclosureRadar report, REO inventory in Oregon rose in July, up 39.7 percent to 3,153 properties. Banks also resold REOs at a quicker pace -- an average of 203 days, down from 219 a year ago. Third parties resold in an average of 79 days, up from 66 in July 2011.



The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor
Click Here to Search 24/7 for The Best Real Estate Deals in Boise!Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan! Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

WE NEED YOUR FOURPLEX - BOISE IDAHO REAL ESTATE

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan! 
Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

REAL ESTATE: Foreclosure activity subsides in December

The December results surprise experts, but they expect the numbers to pick up in 2012 after months of delays
BY LESLIE BERKMAN STAFF WRITER lberkman@pe.com
Published: 12 January 2012 09:59 PM

AText Size
After surging in November, foreclosure activity subsided in Riverside and San Bernardino counties last month.
Some analysts, including those at RealtyTrac, the research company that Wednesday released the year-end housing data, said the December results were surprising. But they continued to predict that after a year of delays due to regulator intervention, a larger wave of foreclosures will hit the U.S. and Inland Southern California in 2012.
“I do expect we will see an increase in foreclosure activity across the country, including the Inland Empire, as (financial institutions) begin foreclosure proceedings on seriously delinquent loans,” said Rick Sharga, who recently was an official at Irvine-based RealtyTrac and now serves as executive vice president of Carrington Holding Co., a mortgage and real estate investment firm.
Other experts counter that given the improving economy, they don’t expect an increase in foreclosures this year. “The economy is getting better, employment is picking up, delinquencies are down. There is nothing that points to any giant wave of foreclosures coming down the pike,” said Chris Thornberg, founding economist with Beacon Economics. He added that although he expects the volume of foreclosures will be lower this year than last, it still will be historically high.
Foreclosure activity in December was subdued by the usual holiday foreclosure moratoriums and snowstorms, said Sharga. But the downturn last month was particularly pronounced, nationally reaching a 49-month low in foreclosure-related filings — including notices of default, trustee sales and bank repossessions.
In Inland Southern California, notices of default, the first step in the foreclosure process, dropped 44 percent from November to December.
“I think we are seeing a little of the calm before the storm,” said Sharga. He believes foreclosures would have increased rather than declined last year if the robo-signing controversy had not disrupted the process, prompting banks to pull back until they could make sure they were in legal compliance.
“There were strong signs in the second half of 2011 that lenders are finally beginning to push through some of the delayed foreclosures in select local markets. We expect that trend to continue this year, boosting foreclosure activity for 2012 higher than it was in 2011, though still below the peak …,” said RealtyTrac executive officer Brandon Moore in a statement.
In Riverside and San Bernardino counties, there were a combined 75,559 foreclosure filings in 2011, which was more than a 25 percent drop from 2010 and 40 percent drop from 2009. Since the foreclosure crisis started in 2007, 175,895 homes have been repossessed by lenders in the two-county region, said RealtyTrac analyst Daren Blomquist. Nationwide the number of bank-repossessed homes has reached 4million.
Chapman University Economist Esmael Adibi said he is not expecting a surge of foreclosure activity this year although he expects it will remain roughly as much of a problem as it was in 2011. If the Inland economy continues to revive at the pace it has in recent months, he said, it will help some people avoid foreclosure and help others purchase bank-repossessed homes that come on the market.
Pete Nyiri, a broker of bank-owned homes in western Riverside and San Bernardino counties, said, “We are seeing multiple offers on single-family homes. Right now we are not begging for buyers. We have plenty.” He said sales could be stronger if he had more homes to sell.


The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Non-Distressed Property Prices 30 Pct Less than Distressed Since Market Peak

An interesting repost from LoanRateUpdate

January 13, 2012 (Chris Moore)

Home prices continued to follow normal seasonal trends in November, falling another 1.4 percent from the previous month according to CoreLogic’s November Home Price Index (HPI). November’s price decline follows a 1.3 percent decline in October and is the fourth consecutive month that home prices have fallen.

Including distressed property sales, home prices in November were 4.3 percent lower than in November of last year. It was the first monthly increase in year-over-year prices since April. This follows a revised decline in annual home prices of 3.7 percent in October which had been part of a seven month streak in which year-over-year home prices declined in each successive month.

In September, the year-over-year price difference, including distressed properties, was -3.8 percent, in August it was -4.4 percent, in July it was -4.8 percent, in June it was -6.0 percent, in May it was -7.4 percent and in April the annual price difference was -7.5 percent.

The impact that distressed property sales have had on housing prices since the beginning of the housing crisis has been significant. In November, the difference in year-over-year prices would have only been 0.6 percent lower if distressed property sales were excluded.

Since the market peak in April 2006, home prices have declined 32.8 percent when including distressed property sales and when excluding distressed property sales, home prices have dropped 23.1 percent since the market peak, a difference of 29.5 percent.

CoreLogic defines distressed property sales as short sales and real estate owned (REO) transactions.

Mark Fleming, chief economist for CoreLogic, stated, “With one month of data left to report, it appears that the healthy, non-distressed market will be very modestly down in 2011. Distressed sales continue to put downward pressure on prices, and is a factor that must be addressed in 2012 for a housing recovery to become a reality.”

Seventy-seven out of the top 100 Core Based Statistical Areas (CBSAs) experienced year-over-year price declines in November, which was three less than the revised amount reported in October.

The five states with the highest year-over-year (YOY) appreciation including distressed sales were: Vermont (+4.3 percent), South Carolina (+2.8 percent), District of Columbia (+2.1 percent), Nebraska (+1.9 percent) and New York (+1.7 percent). In October, those states were: West Virginia (+4.8 percent), South Dakota (+3.1 percent), New York (+3.0 percent), District of Columbia (+2.4 percent) and Alaska (+2.1 percent).

The five states with the greatest YOY depreciation including distressed sales were: Nevada (-11.2 percent), Illinois (-9.7 percent), Minnesota (-7.8 percent), Georgia (-7.7 percent) and Ohio (-7.2 percent). In October, those states were Nevada (-12.1 percent), Illinois (-9.4 percent), Arizona (-8.1 percent), Minnesota (-7.9 percent) and Georgia (-7.3 percent).

The five states with the highest YOY appreciation excluding distressed sales were: Maine (+4.9 percent), South Carolina (+4.9 percent), Montana (+3.8 percent), Indiana (+3.3 percent) and Louisiana (+2.4 percent). In October, those states were: South Carolina (+4.6 percent), Maine (+3.1 percent), New York (+3.1 percent), Alaska (+2.9 percent) and Kansas (+2.8 percent).

The five states with the greatest YOY depreciation excluding distressed sales were: Nevada (-8.8 percent), Arizona (-4.9 percent), Minnesota (-4.7 percent), Idaho (-4.1 percent) and Georgia (-3.6 percent). In October, those states were: Nevada (-8.8 percent), Arizona (-7.0 percent), Minnesota (-5.7 percent), Delaware (-3.9 percent) and Georgia (-3.6 percent).

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Idaho Foreclosure Information - Foreclosure Help - Are You in Foreclosure?

Thank you for taking the time out to watch this video

The severe economic downturn that we as a nation have experienced over the last few years has caused many homeowners to default on their mortgage payment. You may be one of them.

Although banks may seem like they are trying to help you by offering a potential loan modification, in reality less than 10 percent of those attempting a loan modification actually succeed. In reality, banks are in the business of collecting money, they don’t benefit by modifying your loan terms.

If you are about to stop paying your mortgage, or have stopped paying or are in foreclosure, The Iron Eagle Realty Team can help.

A foreclosure will stay on your credit report for up to 7 years. This will have an adverse affect on your credit, severely limiting your ability to obtain a loan, credit cards, and potentially employment. In addition, your bank may even pursue you for the deficiency on your loan after they foreclose.

We have helped many homeowners avoid foreclosure, minimize the effect on their credit, negotiate to eliminate the banks right to pursue them for the deficiency in the future and assisted with eliminating any tax consequences. Best of all, this help comes with no upfront costs to you.

If you are interested in a no-cost consultation, please call us at 208 939 9033 or email us at info@ironeaglere.com. We look forward to helping you avoid foreclosure.

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Big Four Set to Participate in HARP 2.0

Here's an article from DSNews about the new HARP program. Another government sponsored debacle waiting to happen paid for by you and me!

Big Four Set to Participate in HARP 2.0
10/27/2011 BY: CARRIE BAY

The industry’s four largest mortgage servicers all say they will be taking part in the revamped Home Affordable Refinance Program (HARP).


Bank of America, Chase, Citigroup, and Wells Fargo have each expressed their support of the program and the changes that will allow more underwater homeowners to refinance at today’s lower interest rates.
Government officials expect the program’s revisions – particularly the GSEs’ waiver on representations and warranties – to increase competition for mortgage refinancing.
An executive with JPMorgan Chase told the company’s investors this week that HARP 2.0 will facilitate “cross-servicing refinancing” because with the rep and warranty waiver, the new lender is not required to assume responsibility for underwriting deficiencies that may have occurred with the original loan.
Chase explains that HARP may be used to replace an adjustable-rate or interest-only loan with a standard fixed interest rate loan, and typically reduces the borrower’s monthly payment.
Frank Bisignano, CEO of mortgage banking at Chase, estimates that with the new HARP guidelines, thousands of Chase customers could lower their mortgage payments by an average of $2,500 a year.
Citi said in an emailed statement that it “supports the program and expects to participate.”
Wells Fargo, likewise, said in a statement that it “welcomes the addition of the new HARP features.”


Veronica Clemons, a spokesperson for Wells Fargo Home Mortgage, says the company is waiting for specific guidelines and requirements from Fannie Mae and Freddie Mac in order to put the changes into practice.
She adds that once the company’s mortgage servicing team has the guidelines in hand, “it will take us some time – depending on the complexity of the guidelines – to make the necessary systems changes to begin offering the new enhancements to our customers.”
The GSEs’ regulator, the Federal Housing Finance Agency (FHFA), says Fannie and Freddie plan to issue guidance with operational details about the HARP changes by November 15th.
“Since industry participation in HARP is not mandatory, implementation schedules will vary as individual lenders, mortgage insurers, and other market participants modify their processes,” FHFA said.
Bank of America says it will participate in the enhanced Home Affordable Refinance Program announced by the administration, and it expects the new guidelines and eligibility criteria to go into effect after December 1st.
“Despite ongoing economic challenges, nearly 90 percent of our customers remain current on their mortgage,” BofA spokesperson Rick Simon said. “HARP helps these homeowners who remain current on their mortgage with options to lower their monthly payment when, otherwise, conventional funding options are limited.”
The GSEs have removed the 125 percent loan-to-value (LTV) cap under the program. Now any borrower with an LTV ratio above 80 percent is eligible for a HARP refinance, as long as the loan was sold to Fannie or Freddie prior to May 31, 2009, and the borrower is not delinquent on their payments.
Since HARP was launched in 2009, nearly 900,000 loans have been refinanced through the program. Government officials estimate that an additional 1 million homeowners will receive assistance under the new guidelines.
In its announcement of the program changes, FHFA encouraged borrowers to “contact their existing lender or any other mortgage lender offering HARP refinances.”

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Another Short Sale Successfully Closed - 9296 W Chelan, Garden City, ID

The Iron Eagle Realty Team successfully closes another short sale in the Boise Idaho Real Estate market. If you are interested in more information regarding short sales and wanting to avoid foreclosure, please call us at 208 939 9033 or go to our website at http://www.ironeaglere.com.

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

The Iron Eagle Realty Team and Guild Mortgage, Boise Idaho Short Sale Rescue

Dennise Sandquist from Guild Mortgage rescues ANOTHER Short Sale Deal for The Iron Eagle Realty Team at the last minute.

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Zions Bank announces plans for a 15-story downtown Boise building

Repost from KIVITV Website

Zions Bank announces plans for a 15-story downtown Boise building
By Steve Bertel
CREATED SEP. 19, 2011

Zions Bank and the Gardner Company Monday announced plans for a new development at the corner of Eighth and Main Streets in downtown Boise.


Mayor David Bieter, members of the Boise City Council, Capital City Development Corporation representatives and Ada County Highway District commissioners were present at the announcement.


Popularly known as “The Hole,” the block in the center of downtown Boise has been vacant since a fire demolished the Eastman building 1987. A new 15-story development at Eighth and Main Streets will serve as the headquarters for Zions Bank in Idaho and will be designed for office, retail and restaurant space. With more than a quarter-million square feet of Class A-business space, the building will be LEED-certified, environmentally responsible and sustainable, and constructed with recycled and recyclable materials. The project is valued at $60 million.


The building’s developer will be Idaho- and Utah-based Gardner Company. Construction is slated to begin in Spring 2012, and the building will be completed in 2014.


The corner of Eighth and Main Streets in Boise was first developed in 1864 as the Overland Hotel and the site thrived as an early landmark and gathering place. In 1905, after demolition of the Overland Hotel, the Eastman office building was completed and quickly became the most fashionable business space in town. Nearly 70 years later, the Boise Redevelopment Agency purchased the site with plans for a downtown center. Yet the building remained vacant until it burned to the ground 24 years ago.


“Gardner Company is proud to be a part of the long history at Eighth and Main. In restoring the site’s original luster and giving the bustling corner a modern update, Gardner is eager to welcome Idahoans to this prestigious building,” said Kem Gardner, the Company’s chairman.


“We are thrilled to help revitalize this key block in downtown Boise by moving our headquarters in the state to this beautiful new building,” said Anderson. “For us, this is the start of a new chapter as we expand our services to support small businesses, corporate clients, agriculture, resort communities and consumers throughout Idaho.”


“Zions’ choice to invest in Boise shows that our future will offer new opportunity and renewed prosperity,” Mayor David Bieter said. “Filling this hole with an attractive new building proves that we can solve even our most difficult problems if we maintain our faith in the promise of Boise. With an experienced developer and respected regional bank, I’m confident this project will be successful and will forever redefine this famous site.”


Zions Bank operates 26 full-service branches in Idaho and 105 branches throughout Utah. Founded in 1873, Zions Bank has been serving the communities of the Intermountain West for more than 135 years.


One of the largest developers of commercial real estate in the Intermountain West, The Gardner Company has developed more than 25 million square feet of retail, office, medical and industrial space. For many years, Gardner has had Idaho offices developing in Idaho Falls, Rexburg, Meridian, Eagle, and Nampa.

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Boise Idaho Real Estate - Mid Year Market Statistics July 1, 2011

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Data show home sale rebound slow to hit Idaho

Repost of an Article from The Salt Lake Tribune on 6/5/2011

BOISE, Idaho • Idaho home prices in April were down 15.2 percent from the same month a year ago, real-estate data company CoreLogic Inc. says.


CoreLogic said that’s more than twice the national decline of 7.5 percent. Excluding distressed properties, the price decline in Idaho was 9.5 percent.


“You have to include the distressed sales,” said Brian Greber, director of the Center for Business Research and Economic Development at Boise State University. “If you exclude them, you’re just fooling yourself.”


The properties, often in need of repair, typically sell at a discount, weakening prices for other types of homes.


He said that in southwest Idaho, housing values declined 14.21 percent in April from the previous year, or 8.35 percent not counting distressed properties.


The Intermountain Multiple Listing Service said 63 percent of home sales in April in southwest Idaho, 560 of 885 transactions, were distressed properties.


He said some sales were also to people who sold homes in other states and moved to Idaho.


“Until people can sell a home elsewhere at a reasonable value, Idaho is not going to see that kind of in-migration because people will have no way of moving a family or business here,” he said.

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Rental House Market Booming in Boise Area

Interesting highlights from an article about rentals in Boise from the KTRV website.

Boise, Idaho -- A lot of people who have gone through the foreclosure process have turned to the rental market for housing. There are slim pickings out there since many former owners are transitioning to renting.


"Everything seems so unstable. People have lost a lot of faith in the economy and renting is really hassle free," said Julie Suitter, co-owner of Apex Property Management.


Hassle free enough that it seems more people than ever are renting.


"Renting is a lot more appealing than home buying right now. For a lot of people , home ownership is a large commitment," said Suitter.


Suitter oversees more than one hundred single family homes. Only three percent of her company's properties are available to rent.


"At the beginning of the month, we had a about 14 available properties. And now, we're down to three," she said.


That's typical in the home rental market in Ada and Canyon Counties right now. There's only a little more than two percent vacancy rate. Compare that to nearly 11 percent back in the first quarter of 2006. Suitter says half of the people she rents to have come from some sort of home ownership problem, whether it be foreclosure or short sale.


"There are just a lot of people who can't qualify to buy a home anymore. So, they do need to get into rentals for a while before they can clean up their credit and become homeowners again," said Lindsay Dofelmier, owner of the real estate company Urban Agent Team.


Dofelmier and her company are just getting into the rental management game as home sales remain soft.


"I think that's where the market is headed. Really, ultimately," said Dofelmier.


Dofelmier's company only manages three properties right now. Plans are in the works to bring on more. They would like to generate more business by renting to people and then helping them when they're ready to become homeowners again.


"Hopefully we can gain their business on the buying end as well," she said.


The average rent for a three-bedroom single family home in Ada and Canyon Counties runs about $907 per month.

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Massive Backlog Freezes Foreclosures

Interesting article from UPI.com about foreclosure delays. If your doing a short sale, you may have a higher probability of getting it done.

Published: May 12, 2011
By Steve Cook Real Estate Economy Watch


Massive delays in foreclosure processing brought the number of new foreclosures to a 40-year low in April, extending the average foreclosure timeline to 400 days but reached 900 days in some states.


RealtyTrac reported foreclosure filings in April 2011 fell 9 percent from March and decreased 34 percent from April 2010.


"Foreclosure activity decreased on an annual basis for the seventh straight month in April, bringing foreclosure activity to a 40-month low," said James J. Saccacio, chief executive officer of RealtyTrac. "This slowdown continues to be largely the result of massive delays in processing foreclosures rather than the result of a housing recovery that is lifting people out of foreclosure.


"The first delay occurs between delinquency and foreclosure, when lenders and services are no longer automatically pushing loans that are more than 90 days delinquent into foreclosure but are waiting longer to allow for loan modifications, short sales and possibly other disposition alternatives," Saccacio continued. "Data from the Mortgage Bankers Association shows that about 3.7 million properties are in this seriously delinquent stage. The second delay occurs after foreclosure has started, when lenders are taking much longer than they were just a few years ago to complete the foreclosure process."


Nationwide, foreclosures completed (REOs) in the first quarter of 2011 took an average of 400 days from the initial default notice to the REO, up from 340 days in the first quarter of 2010 and more than double the average 151 days it took to foreclose in the first quarter of 2007.


The foreclosure process took much longer in some states. The average timeframe from initial default notice to REO in New Jersey and New York was more than 900 days in the first quarter of 2011, more than three times the average timeline in the first quarter of 2007 for both states.


The average foreclosure process in Florida took 619 days for foreclosures completed in the first quarter, up from 470 days in the first quarter of 2010 and nearly four times the average of 169 days it took in the first quarter of 2007.


The average foreclosure process in California took 330 days for foreclosures completed in the first quarter, up from 262 days in the first quarter of 2010 and more than double the average of 134 days in took in the first quarter of 2007.


Default notices (NOD, LIS) were filed for the first time on a total of 63,422 U.S. properties in April, a 14 percent decrease from the previous month and a 39 percent decrease from April 2010. After spiking 16 percent in March, default notices in April dropped back down close to the 48-month low hit in February.


Scheduled foreclosure auctions (NTS, NFS) hit a 31-month low in April, with a total of 86,304 U.S. properties scheduled for an auction for the first time during the month — down 7 percent from March and down 37 percent from April 2010.


Lenders foreclosed on 69,532 U.S. properties in April, down 5 percent from March and down 25 percent from April 2010, but bank repossessions (REOs) were still above a 22-month low hit in February 2011.


States with a judicial foreclosure process registered a 3 percent decrease in overall foreclosure activity from March and a 47 percent decrease in overall foreclosure activity from April 2010. States with a non-judicial foreclosure process posted an 11 percent month-over-month decrease and 26 percent year-over-year decrease in overall foreclosure activity.


Nevada posted the nation's highest state foreclosure rate for the 52nd straight month in April, with one in every 97 housing units receiving a foreclosure filing during the month. Overall foreclosure activity in Nevada decreased 9 percent from the previous month and was down 27 percent from April 2010. Bank repossessions increased 23 percent from March and were up 12 percent from April 2010 to 4,606 — an all-time monthly high since RealtyTrac began issuing the report for Nevada in April 2005.


Arizona REOs decreased 3 percent from March but were still up 22 percent from April 2010, helping the state maintain the nation's second highest foreclosure rate for the fifth consecutive month. One in every 205 Arizona housing units received a foreclosure filing during the month, and overall foreclosure activity decreased 15 percent from March and was down 17 percent from April 2010 despite the year-over-year jump in REOs.


Overall, foreclosure activity in California was down monthly and annually in April, but a 22 percent month-over-month jump in REOs helped keep the state's foreclosure rate at the third highest among all states for the sixth consecutive month. One in every 240 California properties received a foreclosure filing in April.


One in every 322 Utah housing units received a foreclosure filing in April, the fourth highest state foreclosure rate, and one in every 325 Idaho housing units received a foreclosure filing in April, the fifth highest state foreclosure rate.


Other states with foreclosure rates ranking among the top 10 in April were Michigan, Florida, Georgia, Colorado and Oregon.


10 states account for 70 percent of total foreclosure activity


Ten states accounted for 70 percent of U.S. foreclosure activity in April, led by California with 55,869 properties receiving a foreclosure filing during the month.


A total of 19,649 Florida properties received a foreclosure filing in April, the second highest state total despite a 59 percent decrease from April 2010. Florida overall foreclosure activity in April was still up marginally from a 46-month low set in February, and default notices and scheduled auctions increased from March.


Arizona tallied the third highest state total, with 13,419 properties receiving foreclosure filings in April, followed by Michigan, with 12,996 properties receiving foreclosure filings, and Nevada, with 11,761 properties receiving foreclosure filings.


Other states with foreclosure activity totals among the nation's 10 highest in April were Illinois (10,055), Texas (8,793), Georgia (8,479), Ohio (7,962) and Colorado (4,379).

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.

PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor

Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan!
Click Here to Pre-Qualify for a Loan Online!

Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Why didn't my home sell? - It's not always about price!

Why didn't your home sell? 

Yes it is a tough market dominated by REO's and short sales (By the way 62% of all solds during the first 4 months of the year in the Boise Idaho Real Estate Market were distressed properties). That doesn't mean that your home should not sell. Unfortunately, 9 out of 10 Realtors in our area have no idea How To Market a Property.

Here is a property description taken directly from a recently cancelled property listing:

"THE BEST OF THE BEST - IMACULATE HOME AND LANDSCAPING IN ONE OF THE NICER SMALLER SUBS - HARDWOOD FLOORS WITH CERAMIC TILE - ROOMY 3 CAR GARAGE WITH SINK AND WATER FOR CLEANUP - ALL WINDOW ARE LOW E-RATING AND SOLAR BLINDS INCLUDED- SFI SILSTONE KITHEN COUNTER AND GRANITE IN MAIN BATH - PAVED RV PARKING AND 20X10 STORAGE SHED WITH ELECTRICITY AND GARDEN SHED WALKING DISTANCE TO GREENBELT AND LIBRARY AND..."

Yes, all CAPS?!? Is the Realtor yelling??? Was their caps lock key broken? Hmmm. Here's a couple of pictures from the same listing.

Does the "BEST OF THE BEST" include all the owners crap in the living room and the sandwich in the kitchen??? 

Most agents don't realize that pictures need to POP OUT (yes I am yelling) when a potential buyer pulls it from the Internet. Why would I want to view this home? It's disheveled. It's CLEARLY not the best of the best but it could have been if the agent took their time to market the property PROPERLY!

If you are looking to sell your home, give us a call and we will show you what a Home Marketing and Sales Plan looks like. Listing your property on the MLS and taking crappy pictures does not sell a home in todays market.

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
Regards,
Michael Hon
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

My Profiles:     
 

Ask a Realtor - Should I Buy a Short-Sale Property? by Jill Geise

This is a great post from Jill Giese at Keller Williams in Boise from her monthly newsletter. Here's the link and the text is below.

Question - We've found a property on the MLS and the description says it's a "short sale." It seems like such a great deal, should we make an offer on it?

Well, the short answer is ... maybe!

Short sales are a reality in today's real estate market and they aren't going away anytime soon. Many of them appear to be priced very competitively and, because of this, we are asked this question frequently by our clients.

Whether or not making an offer on a short sale makes sense depends on a number questions. I'll walk through the main points below.

First, what is a "short sale"?

A short-sale is when a homeowner owes more on their property than it's worth on the market - they are upside down - and, due to a "financial hardship", they are forced to sell the property.

Because of this hardship, the bank MAY agree to "sell it short" - that is, sell the property for less than what is owed on it. A financial hardship can be a job loss, job relocation, medical issues, divorce, reduction in income, etc.

What do we need to know?

There are a few things we need to know in order to determine if you should make an offer on a particular short-sale property:

Does the listing agent know how to negotiate a short sale and get it to closing?
Does this particular short sale seem likely to close?
Does your (the buyer's) personal situation make a short sale desirable/feasible?
Getting the 411 on the listing agent

Short sales require a lot of work, skill, and experience from a listing agent. Negotiating with banks requires finesse, persistence, patience, and a special tolerance for dealing with bureaucracy that many realtors don't have. If the agent who has the short sale listed doesn't have that combination, the short sale won't go through and the home will be foreclosed by the bank. In other words, you'll wait a long time and you won't be able to buy your dream home.

We have a page-long questionnaire we ask listing agents to ascertain their level of experience with short sales. If we feel they do not have what it takes to get the deal done, we will recommend you not proceed with an offer.

Determine if the property is likely to close

Other questions on our questionnaire pertain to the property itself. How many liens are on the property? Who are the lien holders? How much is owed on the property? The answers to these questions can also help us determined if you'll actually be able to close on this property after waiting months to hear back.

Will it work for you? Did I mention it could take a long time?

Speaking of waiting a long time, short sales really should be called "red-tape" sales. And whenever there is a lot of red tape involved in anything, the process is slow. Short sales can take 6, 9, even 12 months or more to close! Does your personal situation allow for that much time? Do you want to put your life on hold for this particular home? Do you have the patience to wait - potentially with little update from the listing agent - while the gears slowly grind through the process?

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
Regards,
Michael Hon
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

My Profiles:     
 

Real Estate Sales Expected To Go Up in Spring

Interesting post from KPVI.Com regarding the real estate market in Eastern Idaho.

Page Last Updated: Monday April 11, 2011 10:18pm MDT

Housing By Diana Nguyen


Spring is in the air, and that means real estate sales are going up.


While many are renting, most realtors say it could cost just as much to own as it does to rent. Which is why this upcoming spring means a growth in real estate in East Idaho.


Realtor Chalmers Hass says,"The real estate right now is a fairly stable market even though you hear bad news about the economy."


Despite news about a tough real estate market, he says many factors will contribute to a boost in home buying this spring, "There's more listings coming on the market, more people are putting their house on the market. But there's also more buyers out there. So for buyers there's more to choose from, for sellers it's a good time to sell because you have more buyers."


Potential home buyer Jenna Wright says the time to buy couldn't have come at a better time, "There's a lot to choose from so it's just a matter of location I want to be at and deciding for the perfect home for me and my son."


Haas says, "This is a good time to buy because interest rates are low so monthly payment is going to be pretty low. Even people who are renting they can actually buy a home for the same amount as they are paying in rent."


For home buyers like Wright, she easily found a home for just as much as she is renting now.


Wright, I purchased a home in 2007 and interest rates were high, so me its just a good time to buy. I can purchase a home for the same cost."


Realtors say that once unemployment numbers improve, home buyers will gain more confidence to purchase. A growth in home owning is expected, as well as an increase in interest rates.

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
Regards,
Michael Hon
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

My Profiles: