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Learn the Truth about Short Sales

by The Pilgrim Team

Short Sale Myths

A Short Sale can be an excellent solution for homeowners who must sell and owe more on their Homes for sale in york pa than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs. 

Myth #I - The Bank Would Rather Foreclose than Bother with a Short Sale

The qualifications for a short sale include:This is one of the most common misconceptions. The reality is that banks do not want to foreclose on your property because the Foreclosure process is incredibly costly. Banks, investors, and even the federal government have all publicly stated that if a person is qualified for a short sale, the deal needs to be considered. Overwhelmingly, banks receive more on their Real Estate Investment through a short sale than a foreclosure.

1. Financial  hardship- There is a situation causing you to have trouble affording your Home Financing.

2.Monthly Income Shortfall - "You have more month than money." A lender will want to see thatyou cannot afford, or soon will not be able to afford your Home Financing.

3. Insolvency - The lender will want to see that you do not have significant liquid assets that would allow you to pay down your Home Financing.

Myth #2 -You Must Be Behind on Your Home Financing to Negotiate a Short Sale

While this may have previously been the case, today lenders are looking for verifiable hardship, monthly cash flow shortfall, or pending shortfall and insolvency.

If you meet these three requirements and believe that you soon may be unable to afford your Home Financing, act immediately. Any delay could limit your options. Do not wait until the countdown clock to foreclosure has started and you have even less time left.

Myth #3 - There,is Not Enough Time to Negotiate a Short Sale Before My Foreclosure

This is a myth that probably hurts homeowners the most. Many do not realize that foreclosure is a process, and that there is time to make decisions that may result in better outcomes.

The foreclosing party-in most cases a lender--can stall a foreclosure up to the final day of the process. Today, many lenders will stall a foreclosure with as little as a phone call from you explaining that you are trying to sell, and almost all lenders will stall a foreclosure with a legitimate contract. For real estate professionals who understand foreclosures and short sales, there is time available until the foreclosure process is complete.

Myth #4 - Listing My Home as a Short Sale is an Embarrassment

It is understandable to have reservations about letting the world know that you owe more on your home than it is worth. However, according to recent estimates, one out of five homeowners in theU.S. is in the same situation. You are to be congratulated for admitting you need help, taking action, and finding a professional who can work with you toward a solution.

With recent estimates showing 40-60% of U.S. sales will be short sales or foreclosures, you are not alone.

Myth #5 - Short Sales are Impossible and Never Get Approved

This is a complete falsehood. Are short sales more difficult to execute? Yes. Do you, as a homeowner, need to learn about a new process? Yes. Are they impossible? Absolutely not.

For example, agents with the Certified Distressed Property Expert(CDPE) Designation receive thousands of short sale approvals on a monthly basis. These professionals have undergone extensive training in methods to help homeowners in distress and process short sales. While there are no guarantees in any transaction, more and more short sales are being approved regularly. This is far from an impossible process.

Myth #6 - Banks are Waiting on a Bailout and Not Accepting Short Sales

You may have heard this, but the reality is that banks (and the U.S. government) are trying to do anything they can, within reason, to avoid foreclosing on properties. It is preposterous to believe they would deny a short sale in hopes that some future legislation would pass and pay them for losses.

Today, more banks are aggressively pursuing short sales and working with agents who understand how how to process them. Freddie Mac recently hosted a national training webinar for real estate agents where they expressly stated the organizational goal of "eliminating distressed assets through loan modifications or short sales"

Myth #7  - Buyers are Not Interested in Short Sale Properties

This is a myth that potential sellers hear all the time. Thankfully, this is just not true. In fact, many agents are getting calls from buyers who say they only want to look at foreclosure and short sales.

For buyers, short sales and foreclosures have become synonymous with "good deals." More specifically, international buyers are targeting these properties. Listing with an experienced agent who is educated in the short sale process will provide you with a great chance of quickly seeing a contract on your property.

In conclusion, Agents with the CDPE Designation have been trained in all aspects of the short sale process, and know how to deal with the parties involved in foreclosures. Finding a CDPE can explain what options you have, and get you on the path to recovery.

Search for Open Houses Online

by The Pilgrim Team

As a homebuyer, how do you learn where open houses are in the area? You probably start by checking out the ads in the local paper. Then, you might hop in the car on Sunday afternoon, cruising the streets on the chance you might stumble upon an open-house sign. With gas prices at an all-time high, do you really want to waste an afternoon driving up and down the streets of the Neighborhood in which you’d like to move looking for the possibility of an open house? Looking for open houses just got easier.  The new and innovative Web site allows buyers to search open houses throughout your desired community. It is fast and user-friendly! Currently, real estate agents have listed their open houses on the site, which is updated weekly.  Simply go to the Web site, type in your preferred area and immediately see hundreds of open houses in the comfort of your own home. View maps, directions and multiple pictures before you get in the car and traverse the Neighborhood.    With more than 75 percent of homebuyers using the Internet to view Homes for sale in york pa for sale, doesn’t it make sense to find information about open houses online? Save time, money and the hassles of driving all over town for open houses. Visit www.openthisweek.com today to see the upcoming open houses in your Neighborhood.

Is Now the Time To Sell Your House

by The Pilgrim Team

Is now the time to sell my house or should I wait? That is probably the question most people who want to sell are asking themselves these days. It all comes down to do you need to sell right now or just do want to make a change? Sometimes because of a job relocation it is not a decision you have any choice to make. But if you want to sell because you have outgrown your present house due to family size or maybe you want to downsize because the kids have moved out, what do you do? With the dramatic drop in home values do you wait for the market to recover to the norm or do you sell now? Let's take a look at where the market is and where it may be going. If your house has dropped around 20% in value over the last 3 years and the market rebounds to what is considered normal which is an average of 2-3% appreciation a year it could take over 10 years for the market to make up the difference in what you lost. Most people don't and can't wait that long. What you do have going for you is that you can possibly save thousands of dollars on the house you will buy and at a very low interest rate if you need to finance it. So is it a good time to sell...you bet.

What is most important if you decide to sell you house keep in mind that all Realtors are not alike. As far a what company do you hire, that really has no bearing on your decision, remember the company does not sell your house the agent does. So be sure you choose an experienced agent who has an excellent marketing plan, has excellent negotiating skills and has the experience to help you all the way until you get a successful sale. Please feel free to check me out at my web page or call me for a interview. You'll be glad you did.

Thinking of Buying Up for Your Next Home?

by The Pilgrim Team

If you ever thought of a time to buying a larger home in an upscale Neighborhood, now is the time. With Home Financing interest rates low and larger home prices that have dropped substantially and now you can save $10's of thousands of dollars like never before. Local York neighborhoods, such as Wyndham Hills, Brittany, Autumn Wood, Springwood, Chestnut Ridge, South Wynd, Sentry Woods and many more have seen dramatic price reductions. Take the time to search the local house market and call us to take a peek. You will be glad you did.

$8,000 Tax Credit Update

by Jerry

I recently had a conversation with our local congressman about what may be happening to the first time home buyers Tax Credit as it now exists. It sounds like our Representatives in Washington are leaning towards allowing all buyers of real estate to use the tax credit and it may be increased to as much as $15,000. I expect the program to be passed by both houses. What this will do for homeowners in the price ranges above $200,000 should help stabilize the prices and hopefully see an increase. Stay Tuned! This is good news York, PA.

Update for Christmas In Loganville!

by Cindy

Here is a flyer for Christmas in Loganville that will help you out.  This is the 25th Annual Christmas in Loganville.  I can't believe it has been happening that long.  This flyer also includes a map and directions and all the places participating.  Have fun!

Welcome to the 25th Annual
"Christmastime In Loganville"
     Saturday, November 21, 2009    

Our 25th annual holiday event generates a warm, festive, community atmosphere and features participants from local churches, business and civic organizations in and around Loganville, Pennsylvania, located in the heart of beautiful southern York County.  A special Christmas flag identifies each of the 19 locations and guides shoppers to holiday crafts, homemade food, baked goods, demonstrations, gifts, door prizes and so much more.  It is truly a holiday event that your whole family will enjoy – and admission is free!

  A List of the Participants for 2009:

Brown's Orchards 
(9 AM to 5 PM)
Store Hours ‘til 8 p.m.  Your 25-year Christmas Tradition!  Send a taste of our outstanding 2009 apple crop!  Order your Thanksgiving pies.  Bring your list to send gift boxes (FedEx) or fruit and bakery baskets (delivered).  We help entertain with deli trays, bakery trays, decorated cakes, and the best apple cider around!  Browse our incredible gift selection, sample goodies like our homemade fudge.  Register for prizes and VISIT with SANTA Saturday and Sunday in the Brown Bean Café.  

8892 Susquehanna Trail,Loganville, PA  17342
Ph. 717-428-2036

www.brownsorchards.com
info@brownsorchards.com



Christ Lutheran Church
 (9AM to 3PM)

Chicken Corn, Ham Bean & Vegetable Crab Soups*, Sandwiches, Desserts & Beverages are served for lunch.  Baked Goods will be available for sale.  There will be a Yard Sale.  Raffle tickets will be sold for a Handmade Double Wedding Ring Quilt, plus numerous Valuable Items and Gift Certificates.  Raffle Drawings will be held at 3 PM—need not be present to win.  
Make-n-Take Craft Table for children.     We look forward to seeing you and serving you.   *Soup and other food available for carry-out.    
80 South Main Street, Loganville, PA 17342
Ph. 717-428-3523
christlutheranloganville@juno.com

Christ United Methodist Church at Lakeview Park
LOCATED ON WATER ST., NOT AT THE CHURCH (9 AM to 4 PM)

Bring your children and learn how Christmas is celebrated around the world. Events include: Picture taking at a Nativity Scene, story telling & free
handouts.  Delicious food:  Breakfast 9-11,  walking tacos, soup, pizza, cookies & more, along with a variety of holiday gifts.  Author Michael J. Brunner will be present for a book signing of his book: Memoirs From The Middle; How I Survived Being a Middle child.
Water Street, Jacobus, PA 17407
Ph. 717-887-2359
www.yorkshealinghouseofhope.org                                              www.christumcjacobus.org

Codorus Church of the Brethren

Dietrich's Farm & Nursery
(9 AM to 5 PM)   
Holiday Gift Shop, Fresh cut and live Christmas Trees, handmade wreaths and live garland, New pellet, wood stoves and alternative fuel.  Many unique gifts to choose from.  Bring your children to make a cute flower pot reindeer ornament.  Door Prizes drawn throughout the day.  Relax by the fire with tea and scone refreshments. 

34 Main Street                                                                       Seven Valleys, PA17360                                                  
Ph. 717-428-3099


Emanuel Methodist Church

(9 AM to 3 PM) 
Visit the display of crèches in the church.  Joy El Ministries will be featured in the church with information and representatives.  The group conducts Released Time Bible Programs for public schools.  Volunteers are trained to mentor students who attend a session outside of school at a local church, such as EUM.  Attic treasures and handcrafted items are for sale. Home baked goods, featuring cream puffs, and homemade soups & BBQ are available to eat in or carry out.

40 South Main Street, Loganville, PA 17342
Ph. 717-428-0117

Friedensaal's Lutheran Church
(9 AM to 3 PM) 
Make your yearly stop at Friedensaal’s for a quart of chicken or beef pot pie and our delicious homemade apple dumplings with warm vanilla sauce.  Check out our books, crafts and other treasures.  Children can visit Santa’s Secret Shop between 11-2, shop for Christmas gifts, gift wrap, make gift cards and decorate sugar cookies.  Visit from a Special Guest.  Thanks for your continued support.


9138 White Church Road, Seven Valleys, PA 17360
717-428-3453
www.lutheransonline.com/friedensaal
mruthfelc@juno.com

Glenview Christian & Missionary Alliance

(9 AM to 3 PM) 
A wide variety of local quality craftsmen will be in our gym area to help you with your Christmas giving.  Our Youth Café will be open for “eat in” or “take-out.”  They will offer coffee, soda, water, hot dogs, soup, Smittie’s soft pretzels and baked goods.

10037 Susquehanna Trail South, Glen Rock, PA 17327
Ph. 717-428-2502
www.glenviewcma.org
office@glenviewcma.org  

Goodwill Fire Company

(9 AM to 4 PM) 
Demonstrators & Vendors.  Food, drink & baked goods will be available along with Gift Basket Raffles, jewelry, and crafts.  Plenty of parking in rear of the Fire Company.  Easy access in and out and handicap accessible.  We hope to see you on the day of the event.    Proceeds benefit the Fire Company.
1 South Main Street, Jacobus, PA 17407
Ph. 717-428-1436

www.goodwillfire18.com

Grey Beards Antiques
(9 AM to 5 PM) Decorated trees on every floor.  Come enjoy our lunch specials, free 8 oz coffee (with this flyer). Candy canes for the kids.  Sign up for Door Prizes.  Please come back for our 10th annual Christmas Open House on Saturday November 28th from 5 to 8 PM.  Demonstrations, live music and Door Prizes drawn every 15 minutes.  Discounts throughout the store, lite refreshments will be served.  Parking on the street and on the north end of the Smith Village parking lot.                                                                                                   51 North Main Street, Jacobus, PA 17407
Ph. 717-428-9316


State Representative Ron Miller's District Office
(9 AM to 4 PM) 
State Representative Ron Miller invites you to visit the 93rd District Office and view an operating train display, courtesy of the Glen Rock Hose & Ladder Company.  You will also have the opportunity to meet Ron and his staff and pick up state information and publications.  Light refreshments will be available.  Happy Holidays!

6872 Susquehanna Trail South, York, PA 17403
Ph. 717-428-9889

www.repmiller.com 
mwerner@pahousegop.com

Christmastime in Loganville Craft Show
at the Loganville-Springfield Elementary School
(9 AM to 4 PM) 
Sponsored by the Jacobus Area Lioness Club at the Loganville-Springfield Elementary School.  Shop for quality crafts in the gym and cafeteria.  
Beautiful handmade wine bottle gift bags, simmering potpourri and building replicas will be on sale by the Lioness Club.  A Chinese Auction will also be held for various themed gift baskets.  A drawing for a beautiful handmade quilt will take place at 3:45 PM.  Don’t forget to bring your old eye glasses to be recycled for use by needy folks. 
 
                                                                                                 
Loganville-Springfield Elementary School
169 North Main Street, Loganville, PA
717-428-2001

sandy.swords@gmail.com

Serenity Station
(9 AM to 5 PM) 
Open until 9 p.m.  Renovated 1838 railroad station—now a restaurant.  Signature Crab cakes, paninis, wraps, & gourmet salads, soups & desserts.  (FREE samples of cream of crab soup).  Unique gift shop — custom made handbags, jewelry, and more.  Interior designer — Nancy Paul on site.  Experience a 10-minute chair massage, mini-facial, or foot massage while touring our Day Spa.  Celebrate your next “Happening” at Serenity-Station by booking a party.  FREE Drawing for a Spa Package & Dinner for Two.  Breakfast & Picture with Santa. 
11 Church Street, Seven Valleys, PA 17360
Ph. 717-428-9575

www.serenity-station.com
contact@serenitystation.com

Smith Village Home Furnishings
(10 AM to 5 PM) 
Come in and browse our huge display of home accessory items, perfect for holiday gift giving...clocks, pictures, tabletop décor, rugs, throws and more!  Receive Special Discounts off all accessories and home furnishings. 
Enjoy Free Refreshments while you shop. Kids can pick a Gift from Santa under the tree
34 North Main Street , Jacobus, PA 17407
Ph. 717-428-1921 Contact: Colleen Schaffner
www.SmithVillage.com


Springfield Tree Farm
(9 AM to 4 PM) 
We want to introduce our new “Christmas Tree Farm” to the community.  We will have fresh cut and balled Christmas Trees,wreaths, garland, bows and center pieces for sale.  Enjoy a Roast Pig Sandwich, Hot Dog, Chicken Corn Soup, Fresh Cut French Fries, Hot Chocolate, Coffee or Spiced Cider while relaxing with our farm scenery.  Free Popcorn.  Door Prizes for Christmas Trees.  We look forward to your visit and hope you will make it a family tradition in the future.
7022 Susquehanna Trail South, York, PA 17403
Ph.717-428-2244

Donnab4@comcast.net

St. Peter's Church
(9 AM 3 PM) 
Chicken corn, crab vegetable, beef vegetable, cream of crab, and ham bean soups and  chili.  Crab cake, fresh oyster, and other sandwiches will be served.  Call ahead orders and carry-outs are available.  Baked goods for sale and Quilt Raffle drawing held at 3 p.m.  Browse through many handmade crafts, perfect for gift giving. 


NW Corner of Seitzville & Yellow Church Road
Seven Valleys, PA 17360
Ph. 717-428-3559

www.preparingyouforeternity.org
kssstpete17@hotmail.com

Sweitzer's Countryside Fibers & Gifts

(9 AM to 5 PM) 
Visit Sweitzer’s Countryside and find high quality yarns and fibers.  Locally spun and dyed yarn, as well as one of a kind craft and gift items.  Door Prizes will be drawn throughout the day.  Be sure to stop by and learn about our many classes and events happening at the Countryside. 


7335 Yellow Church Road, Seven Valleys, PA 17360
Ph. 717-428-2909
www.sweitzerscountryside.com
 
Loganville Fire Co.

(11 AM to 3 PM) Delicious Barbeque Chicken Dinners include ½ chicken, baked potato, roll, applesauce, and cupcake.  Or just buy ½ chicken and baked potato or ½ chicken only.  It is best to call ahead, 428-3668, to reserve your chicken or you can just stop by.  Serving 11 a.m. to 3 p.m. or until they are sold out.  

Mill St., Loganville, PA 17342
717-428-3668

SALEM UNITED CHURCH OF CHRIST 

                                               (9 AM to 4 PM)
  Come a
nd experience the magic of Christmas!  Holiday wreaths, baskets, and floral arrangements.  Holiday “make and take” for children.  Deluxe gift wrapping service.  Eat in / Take out soup and sandwiches.  Baked goods, homemade candy, and Church cookbooks available.  Quality crafts from local vendors.    Handmade doll clothes and accessories for American Girl and My Twinn
to benefit SPCA.  
Take a self-guided tour of Salem’s stained glass windows which were designed and handcrafted by the members of the congregation.
24 Franklin Street, Jacobus, PA 17342
Ph. 717-428-2443
 

(9 AM to 4 PM)
Relax, sit, and enjoy our homemade soups & baked goods, baked potatoes with toppings, sandwiches & soft pretzels.  The Lehman Center will offer crafts & baked goods to benefit their crisis nursery.  The Village Library of Jacobus will sell books, magazines & videos at great prices.  Additional craft
vendors & opportunity to donate blood to  Central PA Blood Bank.

Rt. 214 East of Loganville, Loganville, PA 17342
Ph.717-428-2374

www.codoruschurch.org
codorus_cob@juno.com

Christmas already!

by Cindy

I just want to remind everyone to mark their calendars for Christmas in Loganville.  This is an annual event held the Saturday before Thanksgiving.  The date this year is on November 21st, 2009, I think, from 9:00 a.m. to 4:00 p.m.  It is hosted by local area churches and businesses in Loganville.  This definitely will get you started for Christmas and in the holiday spirit!  I especially like checking out the Chicken Coop at Codorus Church, where you'll find wreaths, games boards, and lots of special crafts for Thanksgiving and Christmas, all hand made.  Also, the Codorus Church Women's Fellowship always outdo themselves and put on quite a selection of food from breakfast through lunch; for example, homemade chicken corn soup, baked potatoes, pork BAR-B-Q, all kinds of baked goods, and lots of other goodies. There are a variety of other booths set up all throughout the church.  You'll be amazed by the variety! Please come! I know you'll enjoy it.

A recipe from the Pilgrim's Progress

by Cindy

I was reading The Pilgrim's Progress newsletter for October/November 2009 and found some very interesting articles in it.  This is written by a member ofThe Pilgrim Team at Professional Realty Associates.  Even though it is a small newsletter, it is packed full with a lot of information.  They had information on how to avoid Foreclosure, current Home Financing interest rates, all of their featured Homes for sale in york pa for sale in York, PA, positive articles, and the one I liked the best and that I wanted to share with you is a recipe.  I'm always looking for something easy, tasty, and different to make for dinner.  This recipe my whole family loved and it was very filling!!  This is a very informative newsletter!!  In this case, size doesn't matter! Here's the recipe.  I hope you like it as much as I did!!

Layered Enchilada Bake

 1 lb. lean ground beef

1 large onion,chopped

2 cups Chunky Salsa

1 can  (15 oz.) black beans, drained, rinsed

1/4 cup Zesty Italian Dressing

2 Tbsp. Taco Seasoning Mix

6 flour tortillas (8 inch)

1 cup Sour Cream

1 pkg. (8 oz.) Mexican Style or Cheddar Cheese

HEAT oven to 400ºF.

BROWN meat with onions in large skillet on medium-high heat; drain. Stir in salsa, beans, dressing and seasoning mix.

ARRANGE 3 tortillas on bottom of 13x9-inch baking dish; cover with layers of half each meat mixture, sour cream and cheese. Repeat layers. Cover with foil.

BAKE 40 min. or until casserole is heated through and cheese is melted, removing foil after 30 min. Let stand 5 min. before cutting to serve. Top with chopped tomatoes, shredded lettuce.

More Homes Going into Foreclosure in 2009

by JoAnn Peters

Tips for homeowners in distress to avoid Foreclosure.
Most people have options when it comes to foreclosure,
Very few people know exactly what to do or where to go!
Whether is be refinance options, modifying your loan, or Short Sale,
Seak advice from someone who has the training, knowledge, and tools to help you in a time of financial hardship (free of charge). An agent who has earned CDPE© Certified Distressed Property Expert© designation has dedicated their time and effort to understanding the issues distressed homeowners are dealing with.
So if you or anyone you know is considering bankruptcy or in fear of going into forclosure, now is the time to learn your options. Feel free to call Jerry Pilgrim today! 717-757-5955 or visit www.YorkShortSales.com
He is available to explain the options and paths in front of you, to help you choose the best solution for you and your family.

Shortsale Financing

by The Pilgrim Team

There is a rumor floating around in the Useful Information about York PA area that "FHA, VA finacing is not acceptable for shortsales". This is the furthest from the truth. The Lender who makes the decision regarding the shortsale approval's want to see a Home Financing pre-approval and then the mortgage commitment prior to the settlement. As long as the Buyer finds a lender who will provide the financing for the shortsale they could care less what financing ultimately helps pay for the property. Don't let anyone tell you otherwise!

Displaying blog entries 1-10 of 13

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Photo of The Pilgrim Team Real Estate
The Pilgrim Team
Professional Realty Associates
2002 S Queen St, Suite 3
York PA 17403
Office: 717-757-5955
717-755-2683
Fax: 717-757-2887