Archive for Short Sale

How Are Short Sales Reported To The Credit Bureaus?

Posted in: Credit, Foreclosure, Lending, Real Estate, Short Sale, Useful Information- Nov 01, 2012 No Comments

FICO does not differentiate between a foreclosure and a short sale. Further complicating matters, lenders don’t have a uniform standard as to how they report a short sale to the credit bureaus. Some lenders report short sales as “settled as agreed” while others may report it as “account legally paid in full for less than [...]

top

A Real Estate Advisor

Scott understands the value of your time & investment and uses his knowledge and experience to create the most efficient buying and selling process. He also understands and appreciates the challenges of today’s families and the significance that a home “the right home” can make, not only in a families daily life but also as a long term investment.

From First time homebuyers, clients upgrading to their second home, relocation, new construction, and even luxury homes… Scott Ivey has the experience and knowledge to assist you. Scott also has experience with HUD homes, foreclosures, and investments. Please check out the Buying & Selling pages for more details on your buying and selling needs

Latest News

FHA Mortgage Premium Changes for April 2013

Earlier this year, the FHA and HUD issued a press release about changes to the FHA mortgage insurance policy. The new policy will include alterations to current mortgage insurance premium policy and how long such policies remain in effect. The short version of the announced changes includes a higher MIP, plus a policy change that [...]

BrightNest launched its home maintenance utility

BrightNest lets its content do the talking, sees 20% growth in the last week (via Pando Daily) By Michael Carney On March 29, 2013When 500 Startups alumni BrightNest launched its home maintenance utility platform platform in early 2012, it offered a simple calendaring and reminder tool. Not surprisingly, it bombed. The problem was that home [...]

Wealth management isn’t for old farts anymore.

Wealth management isn’t for old farts anymore. Personal Capital uses technology and design to spice up a boring topic (via Pando Daily) By Michael Carney On April 11, 2013Once you accumulate a bit of wealth, managing it can becomes a second full-time job. Making it worse, technology to simplify the process is sorely lacking. That [...]

Haves and have nots in the sharing economy

Haves and have nots in the sharing economy (via Pando Daily) By Francisco Dao On May 7, 2013The sharing economy is almost universally portrayed as a good thing. A move toward a less materialistic culture and a way of living a “smaller,” more sustainable lifestyle. Who could argue with maximizing something’s utility value, whether that [...]

Forget City Hall, the insurance industry is what could really help the sharing

Forget City Hall, the insurance industry is what could really help the sharing economy (via Pando Daily) By James R. Fisher On May 7, 2013Understanding risk has been my life’s work. Over the past 36 years, I have spent time in all varieties of insurance: reinsurance, personal and commercial lines, accident, health, and more. I’ve [...]

Real Estate Agency Employees Show Company Pride With Tattoos

Think you take pride in your company, would you tattoo the company logo on your body for 15% more pay. That is exactly what some local NY real estate agents did. Real Estate Agency Employees Show Company Pride With Tattoos (via NewsLook) Video News by NewsLook Agents at one New York City real estate agency [...]

Court rules that MERS meets definition of beneficiary

Court rules that MERS meets definition of beneficiary (via AGBeat) State Court rules in favor of MERS MERSCORP Holdings, Inc. today announced that a five-justice panel of the Idaho Supreme Court unanimously affirmed a lower court decision in favor of Mortgage Electronic Registration Systems, Inc. (MERS) and three other defendants, dismissing the Plaintiff’s complaint… [...]

U.S. home prices up 9.3% in February

U.S. home prices up 9.3% in February (via The Star-News) WASHINGTON | U.S. home prices rose 9.3 percent in February compared with a year ago, the most in nearly seven years. The gains were driven by a growing number of buyers who bid on a limited supply of homes. Facts Mixed results locally The average [...]

Top 10 worst traffic cities in America

Top 10 worst traffic cities in America (via AGBeat) Worst traffic jams in the nation There are some cities that are famous for having horrible traffic, for having massive crowding, and general congestion, but other cities have landed on the Top 10 worst traffic cities that are more surprising. Los Angeles tops the list after [...]

HARP doing well, HAMP still an embarrassment to nation

HARP doing well, HAMP still an embarrassment to nation (via AGBeat) HAMP vs. HARP: a tale of two government programs The Home Affordable Refinance Program (HAMP) and the Home Affordable Refinance Program (HARP) are federal responses to the housing crash, with HARP set up to help underwater and nearly underwater homeowners refinance their mortgages, while [...]